Piketty

According to one influential line of argument, Piketty mistook why returns on capital were higher than returns to labor in many industrialized countries in the decades after World War II.

Piketty proposed a global wealth tax to avert a return to Jane Austen-like distinctions of privilege and squalor, based more on inheritance than so-called merit.

This is not the case with the Piketty et al method.

I do not see how a lockdown can work without a system of income maintenance,” Piketty told PTI in an interview.

Piketty tries to apply this schema to many societies across time and space.

The second question is whether the accumulation of cases actually strengthens Piketty’s core analysis.

This 2019 documentary by New Zealand filmmaker Justin Pemberton, with the affable, articulate Piketty as both a guiding voice and collaborator, is a clear-headed primer of the author's complex thesis on the mechanics of inequality.

When Republicans represent the rich and Democrats represent the well-educated but not quite as rich, Piketty says, there’s no obvious party home for the working class, and no motivation for the government to do much of anything for that working class.

Both Saez and Zucman have have conducted research with Thomas Piketty, whose best-selling book put a spotlight on income and wealth disparities.

One important point brought out by Thomas Piketty’s numbers is that high growth and low-income inequality prevailed during the Keynesian years (1945-75) compared to the periods before and after that.