Daily Piketty: Kudos for Francis X. Diebold
We are informed by the estimable Mark Thoma:
Mark Thoma: Economist’s View: Another 180 on Piketty: “Since we are looking at models of how to respond to one’s own errors…
…[Francis X. Diebold] Another 180 on Piketty’s Measurement:
…yes, I’m doing another 180. It seems clear that the bulk of the evidence suggests that the FT, not Piketty, is guilty of sloppiness. Piketty’s response is convincing, and all-told, his book (with its thoughtful discussion, meticulous footnotes, detailed online technical appendix, freely-available datasets, etc. — see his fine website) remains a model of careful social-science measurement as reported for a lay audience. …
Honorable and impressive. Waiting for Chris Giles to act as a model……”