The best way to measure inequality
Thomas Piketty and his colleagues have insisted that tax records are better for measuring inequality than income surveys. They’re wrong.
James K. Galbraith, the Lloyd M. Bentsen Jr. Chair of Government/Business Relations at the Lyndon B. Johnson School of Public Affairs, the University of Texas at Austin, breaks down his new paper casting doubt on some of the methods of Thomas Piketty and his colleagues.