Results 1 to 2 of 2
  1. #1 (D)Ummies ecstatic over Piketty too soon..... 
    Senior Member 98ZJUSMC's Avatar
    Join Date
    Apr 2014
    Posts
    222
    Newsjock (10,704 posts)

    Financial Times headline: 'Piketty findings undercut by errors' (with response)
    http://www.democraticunderground.com/10024991380


    Whuuups.....so Math really is hard for some, huh?

    From Ace over at AOSHQ:

    Okay, here's where it gets very Global Warming-esque indeed:

    Contacted by the FT, Prof Piketty, said he had used “a very diverse and heterogeneous set of data sources ... [on which] one needs to make a number of adjustments to the raw data sources."
    Didn't fit the expected conclusion, no doubt.

    For the Warped primitive, it's myopia.

    Star Member Warpy (76,402 posts)
    1. The problem is that he tends to concentrate on the EU in general and France in particular

    and I'm getting a little frustrated plowing through the book because of that myopia.

    I think there is likely a lot to pick over and that errors will be found, not the least of which is his conclusion that government policies do not affect economies. We've seen that to be completely untrue here in the US and if he'd expanded his vision a little, he might have seen it, too.
    But, of course. Wait, what .... government policies affect companies? Earthshaking, I tell you.


    Wait,..... Stupidity to the rescue!!

    Warren Stupidity (37,049 posts)
    2. well he's french.

    also it turns out that the French started keeping extensive systematic records of wealth earlier than England Canada Germany Japan or the US. His focus isn't myopically on France, it is spread across the same set of nations, intentionally, as he is trying to make a general statement about capitalism in the low growth setting of the 21st century, and not a specific statement about any one of those nations.
    Oh. I see.


    Spitfire of ATJ (14,987 posts)
    3. Wait, wasn't this publication caught off guard by the financial crisis?

    I bet they are made up of the same fools who believe the market is all based on psychology.

    Math? Bah!

    "Investor confidence" is what matters!
    Math challenged drooling infants insist that it's..... Math! Well, you're right. Especially, when you:

    From Ace again:

    Skip to 0:52-1:30 to see Giles discussing Piketty just adding a "2" to a formula for no apparent reason, because, Giles speculates, the formula "didn't seem high enough" without adding a little somethin'-somethin'.
    Math is what we modify it to be, wInGnUTZ1111!!!!!111
    Life is hard (D)Ummies. It's even harder when you're stupid.
    -paraphasing John Wayne
    Reply With Quote  
     

  2. #2  
    Member I_B_Perky's Avatar
    Join Date
    Apr 2014
    Location
    West by God Virginia!
    Posts
    94
    Star Member Warpy (76,402 posts)
    1. The problem is that he tends to concentrate on the EU in general and France in particular

    and I'm getting a little frustrated plowing through the book because of that myopia.

    I think there is likely a lot to pick over and that errors will be found, not the least of which is his conclusion that government policies do not affect economies. We've seen that to be completely untrue here in the US and if he'd expanded his vision a little, he might have seen it, too.
    Yep Warpy... I saw first hand the effect obumbles and the dems policies have on the economy today when I went to the grocery store. Personally I hope all you welfare dummies freaking starve to death... and if that don't happen then I want you to die of heat stroke or freeze to death when obumbles EPA outlaws coal fired electricity.
    Montani semper liberi
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •