Taking on Adam Smith (and Karl Marx) - NYTimes.com

Also see Why We’re in a New Gilded Age (Paul Krugman review in The New York Review of Books)

"In his new book “Capital in the Twenty-First Century” (Harvard University Press), Mr. Piketty, 42, has written a blockbuster, at least in the world of economics. His book punctures earlier assumptions about the benevolence of advanced capitalism and forecasts sharply increasing inequality of wealth in industrialized countries, with deep and deleterious impact on democratic values of justice and fairness."

Taking on Adam Smith (and Karl Marx) - NYTimes.com