Long-time readers of this blog know that I am an apostate of the economics discipline. When I was 17, I wanted to study something that would be useful to help make the world a better place. I thought that economics would meet that requirement, and it also seemed natural since I always had a strong interest in politics, in particular the question how to organize society. For reasons explained here, I eventually gave up the hope that economics (as I studied it in the 1990s) could give me that knowledge, and diverted to political theory/philosophy and later also ethics, where I’ve been happy ever since.
But for the first time since many years, I felt a shiver of regret for having left economics – and that was when in April this year I started reading Capital in the Twenty-first Century, the best-selling book by Thomas Piketty. Reading Capital was a great intellectual adventure, while at the same time enjoyable to read (many have said the translator, Arthur Goldhammer, deserves part of the latter credits). It is hard for academic economics to evoke positive feelings in its readers, but Capital did so with me for at least two reasons.
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