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In his new book, Capital In the Twenty-First Century, Piketty fails to understand how savings and investment work, writes George Reisman This audio Mises Daily is narrated by Keith Hocker.
George Reisman, Ph.D., is Pepperdine University Professor Emeritus of Economics and the author of Capitalism: A Treatise on Economics (Ottawa, Illinois: Jameson Books, 1996; Kindle Edition, 2012). See his Amazon.com author's page for additional titles by him. His website is Capitalism.net and his blog is GeorgeReismansBlog.blogspot.com.