The Financial Times says database used by Piketty in his “Capital in the Twenty-First Century” is not reliable

If the Financial Times ends up being right, this could cause great embarrassement to Thomas Piketty, author of a book which quickly became the essay of the year:

Thomas Piketty’s book, ‘Capital in the Twenty-First Century’, has been the publishing sensation of the year. Its thesis of rising inequality tapped into the zeitgeist and electrified the post-financial crisis public policy debate.

But, according to a Financial Times investigation, the rock-star French economist appears to have got his sums wrong.

Read the whole article here.

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