"Capital in the Twenty-First Century", written by the French economist Thomas Piketty I am yet to finish reading this, but earlier this year, the economist said: "Capital" is built on more than a decade of research by Mr Piketty and a handful of other economists, detailing historical changes in the concentration of income and wealth. This pile of data allows Mr Piketty…
Tag Archives Economists
Tim Harford wrote a piece in ft.com earlier this year, documenting the [not-so-surprising] inaccuracy and just-plain "wrongfulness" of economic forecaster[s] [ing]...... In the 2001 issue of the International Journal of Forecasting, an economist from the International Monetary Fund, Prakash Loungani, published a survey of the accuracy of economic forecasts throughout the 1990s. The record of failure to predict recessions is…