Best Review of Piketty's Capital in the 21st Century

Leading development economist Debraj Ray (of NYU) offers his nuanced critique of Piketty's much discussed tome:

http://www.econ.nyu.edu/user/debraj/Papers/Piketty.pdf

Previous Posts on Piketty:

http://vivekjayakumar.blogspot.com/2014/05/data-errors-in-piketty-study.html

http://vivekjayakumar.blogspot.com/2014/04/solow-and-cowen-review-pikettys-capital.html

http://vivekjayakumar.blogspot.com/2014/04/an-economist-becomes-star.html

http://vivekjayakumar.blogspot.com/2014/04/capital-and-new-gilded-age.html

http://vivekjayakumar.blogspot.com/2014/05/piketty-on-pbs.html

UPDATE:
Piketty's response to FT criticism:
http://piketty.pse.ens.fr/files/capital21c/en/Piketty2014TechnicalAppendixResponsetoFT.pdf