FT: Errors place doubt on Piketty's theory about rising inequality

|By:, SA News Editor

The FT has dug deep into the data underpinning Thomas Piketty's bestseller, "Capital in the Twenty-First Century," and finds errors and unexplained entries that undercut the author's argument that wealth inequality is rising to levels not seen since before World War I.

"There is little evidence in Professor Piketty's original sources to bear out the thesis that an increasing share of total wealth is held by the richest few," the FT writes.

In response, Piketty says that other research using alternative methods supports his broad theory, including that of Emmanuel Saez and Gabriel Zucman, who released their findings after Piketty published his book.