[Peace-discuss] Piketty reading group - Wednesday 3 June, 6pm (note time change)

[C. G. Estabrook]

Last night’s meeting of the AWARE group reading “Capital in the Twenty-First Century” was well-attended and lively.

David Green asserted that Piketty is a bit cavalier in his conflation of use-value and exchange-value in his conception of capital (= wealth). 
David Johnson asserted that Piketty seems not to pay enough attention to the machinations of capitalists (aka the 1%) today.
A specter is haunting our European/American discussion - the specter of the OMBM (Old Man in the British Museum).

Members & friends of AWARE are invited to join the group. The next meeting is 6pm Wednesday 3 June at 5 Litchfield Lane in Champaign.

Reading for this week is the rest of "Part Two: The Dynamics of the Capital/Income Ratio": i.e., 
chapter 5 "The Capital/Income Ratio over the Long Run,” and chapter 6 "The Capital-Labor Split in the Twenty-First Century.” 
Both chapters are more readable and less daunting than they sound. 

On-line access: <http://resistir.info/livros/piketty_capital_in_the_21_century_2014.pdf <http://resistir.info/livros/piketty_capital_in_the_21_century_2014.pdf>>.

—CGE  


PS - A critique (mentioned last night) by an MIT grad student is discussed at 

<http://www.vox.com/2015/4/1/8320937/this-26-year-old-grad-student-didnt-really-debunk-piketty-but-what-he <http://www.vox.com/2015/4/1/8320937/this-26-year-old-grad-student-didnt-really-debunk-piketty-but-what-he>>.
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