by George Leef
Professor George Reisman, one of two surviving students of Ludwig von Mises (the other is Israel Kirzner) has written a long, devastating critique of Thomas Piketty’s much-hyped book Capital in the 21st Century.
Here is a sentence that gives you a taste of Reisman’s attack on this execrable book:
Now into the midst both of the assault on the capital supply of the American economic system and its ability to produce, and the unfounded resentment against economic inequality that has been stirred up by the impoverishment caused by that assault, has stepped one Thomas Piketty.
In 1959, Henry Hazlitt tore apart Keynes’ General Theory line by line. Reisman has performed a similar service although in a much shorter space, regarding Piketty.