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Waarom iedereen Piketty moet lezen ?! Robert Went (WRR) – Docentendag – 6 februari, 2015.

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Presentation on theme: "Waarom iedereen Piketty moet lezen ?! Robert Went (WRR) – Docentendag – 6 februari, 2015."— Presentation transcript:

1 Waarom iedereen Piketty moet lezen ?! Robert Went (WRR) – Docentendag – 6 februari, 2015

2 Hoe ongelijk is Nederland? Wetenschappelijke Raad voor Regeringsbeleid

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13 Waarom we allemaal Piketty moeten lezen ?! Robert Went (WRR) – Docentendag – 6 februari, 2015

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15 15 % 26 45.000 Een paar facts and figures 42+

16 The ‘Justin Bieber of economics’ In 32 languages (or more ?) ‘Wave’ has reached Asia (Korea) Changed the world a little bit: “Pre-Piketty period and post-Piketty times” [NB: He was/is not alone…]

17 3 Reasons to read the book

18 1. Piketty has changed our views and debates on inequality, for ever - New data (not surveys !) - Assets (Capital, vermogen), not “just” income inequality - Long historical views and tendencies

19 2. Economists (+ other social scientists) have let us down on inequality Famous in economic history - The big Trade-Off (Okun) - Kuznets curves - But now attention > for consequences: growth (IMF, OECD….) + Wilkinson (WRR)

20 Kuznets would have been surprised (Robert Fogel NBER 2013)

21 3. Piketty wants - and practices - pluralism in economics - Real-life problems - More history (re Summers) -Many theories and criticism -It works in practice, but in theory ?

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23 Is Piketty tight ?

24 Is Piketty right ? My take – but please READ it yourself ! Wrong question (in 700 words ?) He has a lot right, and many things we don’t know yet But he has – strong argument – history on his side (+ data no longer – FT – challenged) R > G … maybe, time will tell. “According to standard model ?” And most importantly: Piketty has put questions on the agenda that will NOT disappear

25 Thank you ! Much more on @went1955


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