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kleinbl00  ·  3721 days ago  ·  link  ·    ·  parent  ·  post: Why is Piketty's book a bestseller?

Stephanie Kelton: this book that spends two pages apologizing every time it uses algebra is a "scholarly tome." Also, OWS and Fifty Shades of Grey.

Tyler Cowen: Because it advocates wealth redistribution and everybody loves wealth redistribution. Also, JK Rowling and Bill Gates, despite the fact that Piketty clearly argues that modern wage billionaires are 20th-century American anomaly.

Emmanuel Derman: Black Scholes is the only true model of economics, despite being resoundingly discredited around the time of L T fuckin' C M.

Brad DeLong: Americans don't trust economists anymore and even if Piketty is wrong, at least he's saying something DIFFERENT.

Game set match Brad DeLong.