Wealth sharing Thomas Piketty sweeps critical

  Pinned by the Financial Times for miscalculations in his latest book , economist star has maintained its findings and invited the newspaper to submit their own data to the fire of criticism.
In its edition dated Saturday , the British newspaper business community points to a series of errors " in the data used by Mr. Piketty in ' Capital twenty-first century ' phenomenal publishing success for a book economy , moreover written by a French .
These errors would have resulted in erroneous conclusions , extensively commented in the United States , Mr. Piketty . FT denounces , among others, transcription errors from the original sources and incorrect formulas .

  " The data we have on the assets are imperfect but others such as declarations of succession are more reliable. I do this seamlessly , I put everything online , 'said AFP economist .
' Where the Financial Times is dishonest, is that it suggests that changes things to conclusions when it changes nothing . More recent studies merely reinforce my conclusions , using different sources ', has he added.
The central thesis of his book is based on the idea that economic inequality has never been greater since before the First World War.

  Thomas Piketty also argued that , looking at the rankings of the largest fortunes published over the last thirty years , they had grown three times faster than the average wealth .
' The FT makes a fool because all his colleagues recognize that high assets grew faster ', said Mr Piketty , director of studies at the Ecole des Hautes Etudes en Sciences Sociales (EHESS) and professor at the School of economy of Paris , inviting the British newspaper to publish its own data sets.

  The economist recalled participating in a website, the 'World Top Incomes Database' ( http://topincomes.g-mond.parisschoolofeconomics.eu/ ) , updated regularly with new series on various countries world .
' We will turn in the coming years, this base to base even more complete . The project involves online permanently updated data ', he has described .

- A phenomenal publishing success -

  To support his argument , the Financial Times went so far as to link with another case, proved it , mistakes, which forced two prestigious economists of the U.S. Harvard University , Carmen Reinhart and Kenneth Rogoff, to publish a correction to their controversial study on the impact of public debt on growth.
Received mid-April to the White House and the U.S. Treasury Department , the French economist foamed seminars and conferences in the United States and Europe to denounce the extreme concentration of wealth and advocate for higher taxation of capital including via a global tax.

  Asked about the sales of his book , Mr. Piketty said they reached Thursday , the 100,000 copies in France (Editions du Seuil) and 400,000 in the United States, United Kingdom and the rest of the English speaking world (Harvard University Press).

  Sometimes referred to as new Marxism , this monumental work of some 1,000 pages in particular received praise from Paul Krugman, Nobel Prize winning economist and influential New York Times columnist , who assured that this book " changed the way of thinking about society and to the economy .