ABSTRACT

Piketty 1 is a Keynesian economist who focuses on abstract economic aggregates or statistical groupings as well as economic forces that appear to be detached from real people and politics. His subject seems to be limited to inequality, his methods are historical and descriptive but otherwise relatively conventional in Keynesian economics, and while he introduces exciting new ideas, his solutions seem to be relatively narrow. Piketty 1 embraces capitalism and is trying to save it from itself. Piketty 2 is a humanistic social, political, and economic free thinker who is concerned with basic human rights and social justice. Piketty 2 has serious concerns about capitalism as a system, its internal contradictions, and its social injustice. He sometimes uses mechanistic economic arguments and statistical groupings, but he rejects much of conventional economics as narrow and pseudoscience.