Publication:
On „Fatal Conceit” or the pretence of knowledge in Thomas Piketty’s Capital in the 21st Century

Simple item page
cris.sourceIdoai:irek.ase.md:123456789/299
dc.creatorBaciu, Livia
dc.date2017-09-29T05:29:56Z
dc.date2017-09-29T05:29:56Z
dc.date2016-05-27
dc.date.accessioned2023-11-13T10:20:36Z
dc.date.available2023-11-13T10:20:36Z
dc.descriptionPublicat in: International Scientific Conference “Classical and Innovative Approaches in Contemporary Economic Thought: Considerations regarding the quality of life in the context of a changing Europe”, 2nd Edition (May 27, 2016) / Editorial Board: Elina BENEA-POPUȘOI [et al.]; Organisational Committee: Elina BENEA-POPUȘOI [et al.]. – Chisinau: ASEM 2016. – 176 p. ISBN 978-9975-75-844-4; ISBN 978-9975-75-845-1 (PDF) (pag. 50-55)
dc.descriptionThe authors provide a critical review of the main argument presented in the book “Capital in the 21st Century” by Thomas Piketty stating that modern economies need to build a legitimate and efficient public power in order to fight inequality and poverty. In this article, we attempt to prove that this book ignores a set of significant developments brought to the economic theory such as the contributions of the Austrian School (Mises and Hayek) and the School of Public Choice (Kenneth Arrow, James Buchanan, Gordon Tullock). Therefore, there is a huge difference between treating people equally and struggling to make them equal. State constructivism based on single models that are imposed as a general rule is another form of state servitude and at the same time the state’s fatal conceit (Hayek, 2016b). It claims, in the name of false science, that it can say what is the general interest and how we may efficiently act to attain it. Also, the state is not a cold calculating machine but is made of people facing the same temptations and mistakes as common people, more exactly, it is neither almighty nor benevolent. Then why would we need more involvement from the state?
dc.formatapplication/pdf
dc.identifier978-9975-75-845-1 (PDF)
dc.identifierhttp://irek.ase.md:80/xmlui/handle/123456789/299
dc.identifier.urihttps://cris.ase.md/handle/123456789/3143
dc.languageen
dc.publisherEditura ASEM
dc.subjectPiketty
dc.subjectstate
dc.subjectinequality
dc.subjectimperfect knowledge
dc.titleOn „Fatal Conceit” or the pretence of knowledge in Thomas Piketty’s Capital in the 21st Century
dc.typeArticle
dspace.entity.typePublication
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
conf_27_mai_2016_ASEM_Baciu-L.pdf
Size:
1016.16 KB
Format:
Adobe Portable Document Format
Description:
Download
Collections
Facultatea Relaţii Economice Internaţionale