“α = r × β where r is the rate of return on capital. For example, if β = 600% and r… — Thomas Piketty Copy Share Image
“In the long run, the capital/income ratio adjusts to the savings rate and structural growth rate of the economy rather than the… — Thomas Piketty Copy Share Image
“In Europe today, the capital/income ratio has already risen to around five to six years of national income, scarcely less than the… — 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 Image
“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 Image
Indeed, the distribution of wealth is too important an issue to be left to economists, sociologists, historians, and philosophers. — Thomas Piketty Copy Share Image
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 Image
“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 Image
“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 Image
“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 Image
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 Image
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 Image
Without precisely defined sources, methods, and concepts, it is possible to see absolutely everything and its opposite. — Thomas Piketty Copy Share Image
“the population of the world grew at an average annual rate of barely 0.8 percent between 1700 and 2012.” — Thomas Piketty Copy Share Image
