"When the rate of return on capital exceeds……" — Thomas Piketty
"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."
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Thomas Piketty
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28 Quotes by Thomas Piketty
Thomas Piketty has 28 quotes on this site.
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...the discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often…
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For far too long economists have sought to define themselves in terms of their supposedly scientific methods. In fact, those…
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Over a long period of time, the main force in favor of greater equality has been the diffusion of knowledge…
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What was the good of industrial development, what was the good of all the technological innovations, toil, and population movements…
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Democracy will never be supplanted by a republic of experts—and that is a very good thing.
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Contrary to a tenacious myth, France is not owned by California pension funds or the Bank of China, any more…
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There is one great advantage to being an academic economist in France: here, economists are not highly respected in the…
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Indeed, the distribution of wealth is too important an issue to be left to economists, sociologists, historians, and philosophers.
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I loved American universities. In many ways, they are better organized - certainly than French universities.
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Capitalism and market forces are very powerful in producing wealth and innovation. But we need to ensure that these forces…
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We want capitalism and market forces to be the slave of democracy rather than the opposite.
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Once constituted, capital reproduces itself faster than output increases. The past devours the future.
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