Comment: Lance Taylor on Thomas Piketty’s World as Seen Through the Eyes of Maynard Keynes and Luigi Pasinetti

Geoffrey Harcourt

International Journal of Political Economy, 2014, vol. 43, issue 3, 18-25

Abstract: This comment discusses Taylor’s critique of Piketty’s model and his extension to bring in insights from Keynes and Pasinetti. In addition, the comment contains criticisms of the meanings of Piketty’s statistical findings, which are based on accounting measures, of Piketty’s failure to understand the significance of the Cambridge Capital Theory Controversies critique for Piketty’s use of the aggregate production function; and an extension to bring in further insights from Keynes and from Marx in order to understand recent historical episodes in modern capitalism.

Date: 2014
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DOI: 10.1080/08911916.2015.1001668

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