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born 1971 France
Thomas Piketty (born on 7 May 1971) is a French economist and Professor at the Paris School of Economics, who works on wealth and income inequality. He is the author of the best selling book Capital in the Twenty-First Century (2013), which emphasizes the themes of his work on wealth concentrations and distribution over the past 250 years.
France Economists Educators Historians Non-fiction authors Also known as: Piketty
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Capital is defined as the sum total of nonhuman assets that can be owned and exchanged on some market.
Democracy will never be supplanted by a republic of experts – and that is a very good thing.
Broadly speaking, the rise of the supermanager is largely an Anglo-Saxon phenomenon.
To put it bluntly, the discipline of economics has yet to get over its childish passion for mathematics.
We know something about billionaire consumption, but it is hard to measure some of it. Some billionaires are consuming politicians, others consume reporters, and some consume academics.
When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.
National income is defined as the sum of all income available to the residents of a given country in a given year, regardless of the legal classification of that income.
Modern economic growth and the diffusion of knowledge have made it possible to avoid the Marxist apocalypse but have not modified the deep structures of capital and inequality—or in any case not as much as one might have imagined in the optimistic decades following World War II.
A balanced treaty between Canada and Europe, aimed at promoting a partnership for fair and sustainable development, should begin by specifying the emission targets of each signatory and the practical commitments to achieve these.
We must rethink globalization, or Trumpism will prevail (2016)
The tragedy is that Trump’s program will only strengthen the trend towards inequality.
We must rethink globalization, or Trumpism will prevail (2016)
There should be no more signing of international agreements that reduce customs duties and other commercial barriers without including quantified and binding measures to combat fiscal and climate dumping in those same treaties.
We must rethink globalization, or Trumpism will prevail (2016)
The main challenges of our times are the rise in inequality and global warming. We must therefore implement international treaties enabling us to respond to these challenges and to promote a model for fair and sustainable development.
Economists are all too often preoccupied with petty mathematical problems of interest only to themselves. This obsession with mathematics is an easy way of acquiring the appearance of scientificity without having to answer the far more complex questions posed by the world we live in.
Both the Clinton and the Obama administrations frequently went along with the market liberalization launched under Reagan and both Bush presidencies. At times they even outdid them.
We must rethink globalization, or Trumpism will prevail (2016)
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