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The Tom Woods Show

Ep. 318 Piketty Taken Down for Good?

The Tom Woods Show

Tom Woods

Politics, Government, News

4.83.4K Ratings

🗓️ 13 January 2015

⏱️ 38 minutes

🧾️ Download transcript

Summary

About the Guest

Phil Magness

Guest’s Website

PhilMagness.com

Guest’s Twitter

@PhilWMagness

Paper Discussed

Challenging the Empirical Contribution of Thomas Piketty’s Capital in the 21st Century” (PDF)

Book by the Guest

Colonization After Emancipation: Lincoln and the Movement for Black Resettlement

Book Discussed

Capital in the 21st Century, by Thomas Piketty

Related Episode

Ep. 159: Piketty’s Problems (Bob Murphy)

Special Offers

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If you enjoy the Tom Woods Show, my new book — Real Dissent: A Libertarian Sets Fire to the Index Card of Allowable Opinion — is for you. Check it out! And get a free copy of the audiobook version, with me reading it, atTomWoodsAudio.com.

Transcript

Click on a timestamp to play from that location

0:00.0

In a world of Democrats, there will be time for them to make profits.

0:05.2

Now's not that time.

0:06.4

And Republicans.

0:07.9

I've abandoned free market principles to save the free market system.

0:12.2

You need a voice of liberty.

0:15.0

Look no further.

0:16.8

You've found it.

0:18.5

Tom Woods.

0:21.1

Beware, citizen, you are now departing from the world of allowable opinion.

0:26.9

The Tom Woods Show.

0:33.7

Welcome to the Tom Woods Show, episode 318.

0:42.4

I'm very glad today to welcome Philip Magnus to the show.

0:57.2

Phil is a U.S. historian. He's academic program director at the Institute for Humane Studies at George Mason University, where he also teaches at the university's School of Public Policy. He is co-author of the book Colonization After Emancipation, Lincoln and the Movement for Black Resettlement.

1:05.2

But today, I want to talk about something else he co-authored, namely a new paper critiquing the empirical work

1:13.6

of Thomas Piccatee, author of Capital in the 21st Century, the very, very popular but also very

1:20.6

controversial work. We've talked about that one other time on this show, so on the show notes page,

1:25.6

I will link you to that episode. In that episode, we talked to economist Robert Murphy, a frequent guest of this show. So on the show notes page, I will link you to that episode. In that episode,

1:28.0

we talked to economist Robert Murphy, a frequent guest of this show. And it's with Bob Murphy

1:33.6

that Phil Magnus co-authored this article called Challenging the Empirical Contribution of Thomas

1:41.0

Picatee's Capital in the 21st century. This paper, even though it's an

1:46.0

academic paper, has actually been getting a lot of press attention lately, so I thought it would

1:51.0

be interesting to talk about the paper and, of course, link you to the paper so you can read it

...

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