Academic economics is so focused on getting the econometrics and the statistical interpolation technique correct, he said, “you don’t really think, you don’t dare to ask the big questions.” American economists too often narrow the questions they examine to those they can answer, “but sometimes the questions are not that interesting,” he said. “Trying to write a real book that could speak to everyone meant I could not choose my questions. I had to take the important issues in a frontal manner — I could not escape.” -Thomas Piketty
Quote from today’s New York Times article, “Taking on Adam Smith (and Karl Marx).” It’s a lovely account of the problems of growing income inequality and the twisted world of publishing in American social sciences. I can’t wait to read his book, Capital in the Twenty-First Century.