– Pikettys theories are nonsense. His book is like reading management literature from the 1850s, where capitalism and prosperity is a feudal structure that does not change over time, says a major critic of Thomas Piketty, financier Björn Wahlroos, chairman of Nordea and the Finnish financial group Sampo, to DN.
Wahlroos responds that Piketty use statistics to ascertain that inequality is created by capitalism and that wealth accumulates in ever fewer people on the planet.
– Piketty presents a tremendous amount of statistical information as isolated is very interesting, but there is no new science. So he makes a theory that capitalists earn more than the average, and it’s obviously. On a college students learn about risk premium, and it means that you pay in terms of risk to get higher returns, says Wahlroos to DN.
He protest findings, which show that the capital collected by fewer people, because he thinks they are wrong.
– If one looks at capital top over a generation cycle, so it is a great replacement. New names are being added all the time. Some succeed in business, while others go bankrupt, says Wahlroos.
No comments:
Post a Comment