It's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth. — Thomas Piketty Copy Share Image
I don't pretend that I can predict the future value of the growth rate or rate of return. — Thomas Piketty Copy Share Image
When inequality gets to an extreme, it is completely useless for growth. — Thomas Piketty Copy Share Image
Private property and the market system are good not only to promote innovation and to promote growth; private property and the market… — Thomas Piketty Copy Share Image
Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both… — Thomas Piketty Copy Share Image
You need some inequality to grow... but extreme inequality is not only useless but can be harmful to growth because it reduces… — Thomas Piketty Copy Share Image
When inequality gets too extreme, then it becomes useless for growth, and it can even become bad because it tends to lead… — Thomas Piketty Copy Share Image
When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth… — Thomas Piketty Copy Share Image
What was the good of industrial development, what was the good of all the technological innovations, toil, and population movements if, after… — Thomas Piketty Copy Share Image
“Are we headed toward the end of growth for technological or ecological reasons, or perhaps both at once? Before trying to answer… — Thomas Piketty Copy Share Image
It's not Utopian to believe that we can create a global registry of financial assets so we know who owns what in different countries. — Thomas Piketty Copy Share
“US inequality in 2010 is quantitatively as extreme as in old Europe in the first decade of the twentieth century, but the structure of… — Thomas Piketty Copy Share
Indeed, the distribution of wealth is too important an issue to be left to economists, sociologists, historians, and philosophers. — Thomas Piketty Copy Share
The United States could transform its property tax system into a progressive tax on net worth without asking permission to the rest of the… — Thomas Piketty Copy Share
“When it comes to decreasing inequalities of wealth for good or reducing unusually high levels of public debt, a progressive tax on capital is… — Thomas Piketty Copy Share
“In other words, low growth cannot adequately counterbalance the Marxist principle of infinite accumulation: the resulting equilibrium is not as apocalyptic as the one… — Thomas Piketty Copy Share
“I belong to a generation that came of age listening to news of the collapse of the Communist dicatorships and never felt the slightest… — Thomas Piketty Copy Share
When you are an entrepreneur, you have founded your own firm, it is so easy to find that you exist - you are the… — Thomas Piketty Copy Share
There is one great advantage to being an academic economist in France: here, economists are not highly respected in the academic and intellectual world… — Thomas Piketty Copy Share
Without precisely defined sources, methods, and concepts, it is possible to see absolutely everything and its opposite. — Thomas Piketty Copy Share
“the population of the world grew at an average annual rate of barely 0.8 percent between 1700 and 2012.” — Thomas Piketty Copy Share
“The sharp reduction in income inequality that we observe in almost all the rich countries between 1914 and 1945 was due above all to… — Thomas Piketty Copy Share
“Progress in medicine together with improved living conditions has therefore, it is argued, totally transformed the very essence of capital.” — Thomas Piketty Copy Share
“the decrease in the top marginal income tax rate led to an explosion of very high incomes, which then increased the political influence of… — Thomas Piketty Copy Share
