Mark Thoma sends us to Larry Summers at Michael Tomasky’s Democracy Journal: Lawrence H. Summers: The Inequality Puzzle: “I have serious reservations about Piketty’s theorizing as a guide… …to understanding the evolution of American inequality…. Piketty[‘s]… rather fatalistic and certainly dismal view… presumes, first, that the return to capital diminishes slowly, if at all, as … Continue reading Reviewing Lawrence H. Summers’s Review of Piketty II: The Post-1980 Rise of Extreme Inequality in America: Friday Focus: March 23, 2014