--- title: "Meaning & Key Takeaway of: The best available estimates suggest that…" description: "\"“The best available estimates suggest that global per capita income increased by a factor of more than 10 between 1700 and 2012 (from 70 euros to 760 e..." image: "https://sms4smile.com/quotes/i/bc4/thomas-piketty-3584_income_the-best-available-estimates-suggest-tha_2543790.png" --- # The best available estimates suggest that global per… ![“The best available estimates suggest that global per capita income increased by a factor of more than 10 between 1700 and 2012 (from 70 euros to 760 euros per month) and by a factor of more than 20 in the wealthiest countries (from 100 to 2,500 euros per month).” quote by Thomas Piketty](https://sms4smile.com/quotes/i/bc4/thomas-piketty-3584_income_the-best-available-estimates-suggest-tha_2543790.png) [Download](https://sms4smile.com/quotes/i/bc4/thomas-piketty-3584_income_the-best-available-estimates-suggest-tha_2543790.png) [Open image](https://sms4smile.com/quotes/i/bc4/thomas-piketty-3584_income_the-best-available-estimates-suggest-tha_2543790.png) > ““The best available estimates suggest that global per capita income increased by a factor of more than 10 between 1700 and 2012 (from 70 euros to 760 euros per month) and by a factor of more than 20 in the wealthiest countries (from 100 to 2,500 euros per month).”” [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic growth has dramatically raised average incomes worldwide, yet disparities remain stark. **In simple terms:** World wealth has risen sharply. Key Takeaway Recognize progress while addressing inequality. Themes economics inequality progress Mood analytical concerned Type economic informative When to use this quote - policy making - education - social justice Key Concepts wealth distribution global development Questions to Reflect On - What policies can reduce inequality? - How does rising income affect social cohesion? A Different Perspective Data may overlook regional variations and quality of life factors. ★ ★ ★ ★ ★ No ratings yet [Capita Income](https://sms4smile.com/quotes/about/capita-income-1458230/) [Estimates Suggest](https://sms4smile.com/quotes/about/estimates-suggest-1458231/) [Income](https://sms4smile.com/quotes/about/income/) [Income Increased](https://sms4smile.com/quotes/about/income-increased-1458228/) [Wealthiest Countries](https://sms4smile.com/quotes/about/wealthiest-countries-1458229/) ## Related quotes > [It is possible to increase paper-money income to any amount by debasing the currency. 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In our countries, numbers live better…](https://sms4smile.com/quotes/eduardo-galeano/where-do-people-earn-the-per-capita-income-more-than-one-poor/) [Eduardo Galeano](https://sms4smile.com/quotes/author/eduardo-galeano/) > [Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The…](https://sms4smile.com/quotes/christina-romer/our-estimates-suggest-that-a-tax-increase-of-1-percent-of-gdp-reduces/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [“In one of the wealthiest countries in the world, privation should not come with the job description, and survival should not be an aspiration.”](https://sms4smile.com/quotes/sarah-kendzior/in-one-of-the-wealthiest-countries-in-the-world-privation-should-not/) [Sarah Kendzior](https://sms4smile.com/quotes/author/sarah-kendzior/) > [“The income ratio of the one-fifth of the world's population in the wealthiest countries to the one-fifth in the poorest went from 30 to…](https://sms4smile.com/quotes/john-perkins/the-income-ratio-of-the-one-fifth-of-the-world-s-population-in-the/) [John Perkins](https://sms4smile.com/quotes/author/john-perkins/) > [I live in Loudoun County, and the counties surrounding Washington, D.C., have the highest per-capita income in the country. Not because they create wealth,…](https://sms4smile.com/quotes/erik-prince/i-live-in-loudoun-county-and-the-counties-surrounding-washington-d-c/) [Erik Prince](https://sms4smile.com/quotes/author/erik-prince/) > [The counties with the highest per capita income aren't near New York City or Los Angeles - they're in the Washington, D.C. area -…](https://sms4smile.com/quotes/ann-coulter/the-counties-with-the-highest-per-capita-income-aren-t-near-new-york/) [Ann Coulter](https://sms4smile.com/quotes/author/ann-coulter/) > [As far as income goes, there are three currencies in the world; most people ignore two. The three currencies are time, income and mobility,…](https://sms4smile.com/quotes/tim-ferriss/as-far-as-income-goes-there-are-three-currencies-in-the-world-most/) [Tim Ferriss](https://sms4smile.com/quotes/author/tim-ferriss/) > [We have a war on women, race wars. Income wars, age wars, religious wars, anything you can imagine. A house divided against itself cannot…](https://sms4smile.com/quotes/benjamin-carson/we-have-a-war-on-women-race-wars-income-wars-age-wars-religious-wars/) [Benjamin Carson](https://sms4smile.com/quotes/author/benjamin-carson/) > [Income inequality isn't sexy.](https://sms4smile.com/quotes/alexandra-c-pelosi/income-inequality-isn-t-sexy/) [Alexandra C. Pelosi](https://sms4smile.com/quotes/author/alexandra-c-pelosi/) > ['Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider…](https://sms4smile.com/quotes/paul-singer/inequality-has-become-the-political-theme-slogan-of-our-time-in-both/) [Paul Singer](https://sms4smile.com/quotes/author/paul-singer/) > [The average well-being of our societies is not dependent any longer on national income and economic growth. ... But the differences between us and…](https://sms4smile.com/quotes/richard-g-wilkinson/the-average-well-being-of-our-societies-is-not-dependent-any-longer/) [Richard G. Wilkinson](https://sms4smile.com/quotes/author/richard-g-wilkinson/) > [In comparative terms, there's no poverty in America by a long shot. Heritage Foundation political scientist Robert Rector has worked up figures showing that…](https://sms4smile.com/quotes/p-j-o-rourke/in-comparative-terms-there-s-no-poverty-in-america-by-a-long-shot/) [P. J. O'Rourke](https://sms4smile.com/quotes/author/p-j-o-rourke/) > [In the past 40 years, the United States lost more than a million farmers and ranchers. Many of our farmers are aging. Today, only…](https://sms4smile.com/quotes/tom-vilsack/in-the-past-40-years-the-united-states-lost-more-than-a-million/) [Tom Vilsack](https://sms4smile.com/quotes/author/tom-vilsack/) ## More by Thomas Piketty > [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.](https://sms4smile.com/quotes/thomas-piketty/it-s-not-utopian-to-believe-that-we-can-create-a-global-registry-of/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [“US inequality in 2010 is quantitatively as extreme as in old Europe in the first decade of the twentieth century, but the structure of…](https://sms4smile.com/quotes/thomas-piketty/us-inequality-in-2010-is-quantitatively-as-extreme-as-in-old-europe/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [Indeed, the distribution of wealth is too important an issue to be left to economists, sociologists, historians, and philosophers.](https://sms4smile.com/quotes/thomas-piketty/indeed-the-distribution-of-wealth-is-too-important-an-issue-to-be/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [The United States could transform its property tax system into a progressive tax on net worth without asking permission to the rest of the…](https://sms4smile.com/quotes/thomas-piketty/the-united-states-could-transform-its-property-tax-system-into-a/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [“When it comes to decreasing inequalities of wealth for good or reducing unusually high levels of public debt, a progressive tax on capital is…](https://sms4smile.com/quotes/thomas-piketty/when-it-comes-to-decreasing-inequalities-of-wealth-for-good-or/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [“In other words, low growth cannot adequately counterbalance the Marxist principle of infinite accumulation: the resulting equilibrium is not as apocalyptic as the one…](https://sms4smile.com/quotes/thomas-piketty/in-other-words-low-growth-cannot-adequately-counterbalance-the/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [“I belong to a generation that came of age listening to news of the collapse of the Communist dicatorships and never felt the slightest…](https://sms4smile.com/quotes/thomas-piketty/i-belong-to-a-generation-that-came-of-age-listening-to-news-of-the/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [When you are an entrepreneur, you have founded your own firm, it is so easy to find that you exist - you are the…](https://sms4smile.com/quotes/thomas-piketty/when-you-are-an-entrepreneur-you-have-founded-your-own-firm-it-is-so/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [There is one great advantage to being an academic economist in France: here, economists are not highly respected in the academic and intellectual world…](https://sms4smile.com/quotes/thomas-piketty/there-is-one-great-advantage-to-being-an-academic-economist-in-france/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [Without precisely defined sources, methods, and concepts, it is possible to see absolutely everything and its opposite.](https://sms4smile.com/quotes/thomas-piketty/without-precisely-defined-sources-methods-and-concepts-it-is-possible/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [“the population of the world grew at an average annual rate of barely 0.8 percent between 1700 and 2012.”](https://sms4smile.com/quotes/thomas-piketty/the-population-of-the-world-grew-at-an-average-annual-rate-of-barely/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [I'm not as pessimistic as what a number of people seem to believe.](https://sms4smile.com/quotes/thomas-piketty/i-m-not-as-pessimistic-as-what-a-number-of-people-seem-to-believe/) [Thomas Piketty](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/thomas-piketty/the-sharp-reduction-in-income-inequality-that-we-observe-in-almost/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [“Progress in medicine together with improved living conditions has therefore, it is argued, totally transformed the very essence of capital.”](https://sms4smile.com/quotes/thomas-piketty/progress-in-medicine-together-with-improved-living-conditions-has/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) > [“the decrease in the top marginal income tax rate led to an explosion of very high incomes, which then increased the political influence of…](https://sms4smile.com/quotes/thomas-piketty/the-decrease-in-the-top-marginal-income-tax-rate-led-to-an-explosion/) [Thomas Piketty](https://sms4smile.com/quotes/author/thomas-piketty/) [Explore all 124 Thomas Piketty quotes ](https://sms4smile.com/quotes/author/thomas-piketty/) ## More Income quotes > [In the past 40 years, the United States lost more than a million farmers and ranchers. Many of our farmers are aging. Today, only…](https://sms4smile.com/quotes/tom-vilsack/in-the-past-40-years-the-united-states-lost-more-than-a-million/) [Tom Vilsack](https://sms4smile.com/quotes/author/tom-vilsack/) > [In comparative terms, there's no poverty in America by a long shot. Heritage Foundation political scientist Robert Rector has worked up figures showing that…](https://sms4smile.com/quotes/p-j-o-rourke/in-comparative-terms-there-s-no-poverty-in-america-by-a-long-shot/) [P. J. O'Rourke](https://sms4smile.com/quotes/author/p-j-o-rourke/) > [The average well-being of our societies is not dependent any longer on national income and economic growth. ... But the differences between us and…](https://sms4smile.com/quotes/richard-g-wilkinson/the-average-well-being-of-our-societies-is-not-dependent-any-longer/) [Richard G. Wilkinson](https://sms4smile.com/quotes/author/richard-g-wilkinson/) > ['Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider…](https://sms4smile.com/quotes/paul-singer/inequality-has-become-the-political-theme-slogan-of-our-time-in-both/) [Paul Singer](https://sms4smile.com/quotes/author/paul-singer/) > [Income inequality isn't sexy.](https://sms4smile.com/quotes/alexandra-c-pelosi/income-inequality-isn-t-sexy/) [Alexandra C. Pelosi](https://sms4smile.com/quotes/author/alexandra-c-pelosi/) > [We have a war on women, race wars. Income wars, age wars, religious wars, anything you can imagine. A house divided against itself cannot…](https://sms4smile.com/quotes/benjamin-carson/we-have-a-war-on-women-race-wars-income-wars-age-wars-religious-wars/) [Benjamin Carson](https://sms4smile.com/quotes/author/benjamin-carson/) > [As far as income goes, there are three currencies in the world; most people ignore two. The three currencies are time, income and mobility,…](https://sms4smile.com/quotes/tim-ferriss/as-far-as-income-goes-there-are-three-currencies-in-the-world-most/) [Tim Ferriss](https://sms4smile.com/quotes/author/tim-ferriss/) > [Las Vegas is a resort whose two chief sources of income are seven and eleven.](https://sms4smile.com/quotes/evan-esar/las-vegas-is-a-resort-whose-two-chief-sources-of-income-are-seven-and/) [Evan Esar](https://sms4smile.com/quotes/author/evan-esar/) > [I have thoroughly tried school-keeping, and found that my expenses were in proportion, or rather out of proportion, to my income,for I was obliged…](https://sms4smile.com/quotes/henry-david-thoreau/i-have-thoroughly-tried-school-keeping-and-found-that-my-expenses/) [Henry David Thoreau](https://sms4smile.com/quotes/author/henry-david-thoreau/) > [You will learn more about Donald Trump by going down to the federal elections, where I filed a 104-page essentially financial statement of sorts,…](https://sms4smile.com/quotes/donald-trump/you-will-learn-more-about-donald-trump-by-going-down-to-the-federal/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [Unequal distribution of income is an excessively uneconomic method of getting the necessary saving done.](https://sms4smile.com/quotes/joan-robinson/unequal-distribution-of-income-is-an-excessively-uneconomic-method-of/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [Our desires have a way of getting bigger with our incomes.](https://sms4smile.com/quotes/ivy-compton-burnett/our-desires-have-a-way-of-getting-bigger-with-our-incomes/) [Ivy Compton-Burnett](https://sms4smile.com/quotes/author/ivy-compton-burnett/) > [Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.](https://sms4smile.com/quotes/michael-hudson/nobody-prefers-to-earn-income-any-more-because-that-s-taxable-rich/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [While opponents label (Howard) Dean a throwback liberal, The New York Times recently noted that as governor, Dean cut income taxes, reformed welfare and…](https://sms4smile.com/quotes/jon-stewart/while-opponents-label-howard-dean-a-throwback-liberal-the-new-york/) [Jon Stewart](https://sms4smile.com/quotes/author/jon-stewart/) > [If the economy is growing fast, there is call for a distributing income from the rich to the poor to to put in place…](https://sms4smile.com/quotes/manmohan-singh/if-the-economy-is-growing-fast-there-is-call-for-a-distributing/) [Manmohan Singh](https://sms4smile.com/quotes/author/manmohan-singh/) [Browse all 1,847 Income quotes ](https://sms4smile.com/quotes/about/income/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“The best available estimates suggest that global per capita income increased by a factor of more than 10 between 1700 and 2012 (from 70 euros to 760 euros per month) and by a factor of more than 20 in the wealthiest countries (from 100 to 2,500 euros per month).”", "creator": { "@type": "Person", "name": "Thomas Piketty" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/thomas-piketty/the-best-available-estimates-suggest-that-global-per-capita-income/", "about": { "@type": "Thing", "name": "Income" }, "@id": "https://sms4smile.com/quotes/thomas-piketty/the-best-available-estimates-suggest-that-global-per-capita-income/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/bc4/thomas-piketty-3584_income_the-best-available-estimates-suggest-tha_2543790.png", "contentUrl": "https://sms4smile.com/quotes/i/bc4/thomas-piketty-3584_income_the-best-available-estimates-suggest-tha_2543790.png", "url": "https://sms4smile.com/quotes/i/bc4/thomas-piketty-3584_income_the-best-available-estimates-suggest-tha_2543790.png", "width": 1080, "height": 1080, "caption": "“The best available estimates suggest that global per capita income increased by a factor of more than 10…” — Thomas Piketty", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Thomas Piketty", "item": "https://sms4smile.com/quotes/author/thomas-piketty/" }, { "@type": "ListItem", "position": 4, "name": "“The best available estimates suggest that...", "item": "https://sms4smile.com/quotes/thomas-piketty/the-best-available-estimates-suggest-that-global-per-capita-income/" } ], "@id": "https://sms4smile.com/quotes/thomas-piketty/the-best-available-estimates-suggest-that-global-per-capita-income/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```