Thomas Piketty
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"In his book Capital in the Twenty-First Century, French economist Thomas Piketty describes the Trente Glorieuses as an exceptional "catch up" period following the world wars. He cites statistics showing that normal growth in wealthy countries is about 1.5-2%, whereas in Europe growth dropped to 0.5% between 1913 and 1950, and then "caught up" with a growth rate of 4% between 1950 and 1970, until settling back to 1.5–2% from 1970 onward." --Sholem Stein |
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Thomas Piketty (born 7 May 1971) is a French economist whose work focuses on wealth and income inequality. He is a professor (directeur d'études) at the École des hautes études en sciences sociales (EHESS), associate chair at the Paris School of Economics and Centennial professor at the International Inequalities Institute, which is part of the London School of Economics (LSE).
Piketty is the author of the best-selling book Capital in the Twenty-First Century (2013), which emphasises the themes of his work on wealth concentrations and distribution over the past 250 years. The book argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, and that this will cause wealth inequality to increase in the future. To address this problem Piketty proposes redistribution through a progressive global tax on wealth.
In 2020, his book Capital and Ideology was published, which focuses on income inequality in various societies in history.
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