High level Quote by Thomas Piketty

“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

“The institutional dynamics we have described ultimately determined which countries took advantage of the major opportunities present in the nineteenth century onward and which…

— Daron Acemoğlu

“When inequality alarmists like Krugman hold up the post-war era as a model, they are not doing so in the name of prosperity, or…

— Don Watkins

“The great inequality of the modern world that emerged in the nineteenth century was caused by the uneven dissemination of industrial technologies and manufacturing…

— Daron Acemoğlu

“Because of the colder weather, prosperity began to wind down into a long global depression that began around 1620. It proved drastically destabilizing. The…

— James Dale Davidson

Through much of its history, the US did not have high inequality as compared with Europe. Less so, in fact. That began to change…

— Noam Chomsky

World War II revealed two of the enduring features of the Keynesian Revolution. One was the moral difference between spending for welfare and spending…

— John Kenneth Galbraith

In Europe and the United States the two decades following the Second World War will for long be remembered as a very good time,…

— John Kenneth Galbraith

“Probably no country has ever had as large a shift in the distribution of wealth [as what we've seen in the U.S. in the…

— Lester Thurow

“When economic imbalances became extreme, the lack of equilibrium and viability could threaten social and political order.”

— Joshua A. Berman

“Nor was it a satisfactory solution to keep the masses in poverty by restricting the output of goods. This happened to a great extent…

— George Orwell

“inequality is associated with more frequent and more severe boom-and-bust cycles that make our economy more volatile and vulnerable.”

— David Cay Johnston