The following are quotes from Thomas Piketty’s seminal Capital in the Twenty-First Century. I have used italics to emphasize parts that I think are particularly important with respect to education. “…Knowledge and skill diffusion is the key to overall productivity growth as well as the reduction of inequality…” (p. 21) “…Do the dynamics of private […]
In One Sentence Piketty Explains “The Great Wage Slowdown of the 21st Century”
October 7, 2014 by
David Leonhardt has a good analysis in today’s NY Times. (The Great Wage Slowdown of the 21st Century – NYTimes.com) He realizes the importance of education to economic growth and decreasing inequality. Yet he makes the same mistake that so many make. I commented. “The accuracy of the conclusions reached here are almost completely erased […]
Robert Solow: “Get used to it.”
May 2, 2014 by
I’m reading Robert Solow’s ‘Capital in the Twenty-First Century’ by Thomas Piketty, reviewed | New Republic and I just came across an excellent example of one of the essences of good teaching. Here is the quote: “…Reference to the capital-output or capital-income ratio is commonplace in economics. Get used to it…” [Italics added for emphasis.] It reminds […]
Piketty on “Diffusion of Knowledge”
Today’s Financial Times has a review of Thomas Piketty’s new book. I commented by pointing out that Piketty views knowledge and educational systems to be of tantamount importance, but I worry he doesn’t see the problem. Here is my comment. I hope the new book addresses what, in his previous book, Prof. Piketty points out […]