Peter Klein on Piketty, Inequality, and Capital Theory

Here’s Peter Klein on Thomas Piketty and Austrian capital theory:

This is one of the reasons I find Klein – and the Austrian school in general – so interesting; they focus on discovering exact laws rather than millions of mathematical relationships (this is coming from someone who’s taken four calculus classes). understanding the entrepreneurial drive of the market economy. Here is a great lecture displaying Klein’s intellect, as well as exploring the details of Austrian capital theory:

 

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