The Elusive Rentier Rich
Piketty’s Data Battles and the Power of Absent Evidence
Bibliographic Data
| ID | 5337939 |
|---|---|
| Authors | Linsey Mcgoey (0000-0002-4404-2574, University of Essex, Colchester, UK, corresponding author) |
| Year | 2017 |
| Volume | 42 |
| Issue | 2 |
| Pages | 257-279 |
| Publication date | 2017-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Science Technology & Human Values (JOURNAL) |
| Journal identifiers | ISSN: 0162-2439 • E-ISSN: 1552-8251 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0162243916682598 |
| OpenAlex | W2586287883 |
| Language | EN |
| Citations received | 16 |
| References cited | 27 |
The popularity of Thomas Piketty's research on wealth inequality has drawn attention to a curious question: why was widening wealth inequality largely neglected by mainstream economists in recent decades? To explore and explain that neglect, I draw on the writing of the early neoclassical economist John Bates Clark, who introduced the notion of the marginal productivity of income distribution at the end of the nineteenth century. I then turn to Piketty's Capital in order to analyze the salience of marginal productivity theories of income today. I suggest that most of the criticism and praise for Piketty's research is focused on data that are accessible and measurable, obscuring attention to questions over whether current methods for measuring economic capital are defensible or not. My overarching aim is to explore how "absent" data in economics as a whole help to reinforce blind spots within mainstream economic theory
Criticism · Economic inequality · Economics · Income distribution · Inequality · Mainstream · Neoclassical economics · Political science · Popularity · Positive economics · Praise · Economic theories and models · Economic Theory and Institutions · Income, Poverty, and Inequality · Law · Psychology
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| Unique citing works | 16 |
|---|---|
| Citations per year | 2 |
| Citation span | 2018 - 2025 (8) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 16 |