The FT Digs in on Piketty

Given the responses of many respected sources, Chris Giles’ review of Piketty’s data has raised some relevant questions about methods and potential errors, but the consensus seems to be that the claims he made were well overstated. (I’m far from being an economist, so I’ll stay out of that fray.) Given the near consensus response to Giles’ article, I was surprised to see the FT double-down this morning.
Here’s a bit of that article wherein Martin Feldstein, Harvard economist and President Emeritus of the National Bureau of Economic Research, expressed his concerns with Piketty’s work: