Re:Why Are Economists Giving Piketty the Cold Shoulder? (2017)
by AQuantized on Sunday March 31, 2019 @12:49PM
(#19536574)
It relates to economic models insofar as said models are used to justify the persistence of certain inequalities in society. The existence of these inequalities can then be exploited by populists in their rhetoric.
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Re:Why Are Economists Giving Piketty the Cold Shoulder? (2017)
by geezerjay on Sunday March 31, 2019 @01:10PM
(#19536726)
> It relates to economic models insofar as said models are used to justify the persistence of certain inequalities in society.
Not quite. Models only explain relationships between parameters.
Moreover, inequality is a meaningless concept that is the posterchild of how the goalpost is kept moving by populist politicians. It's meaningless in its definition, as it is kept very maleable to fit the argument, and it's meaningless in the conclusion, as there is no problem in having someome earning more than his neighbor.