I certainly agree that capital is not a one-dimensional object, and that the return on capital takes very different forms for different assets or different people.
No hypocrisy is too great when economic and financial elites are obliged to defend their interest. - Thomas Piketty
No hypocrisy is too great when economic and financial elites are obliged to defend their interest.
- Thomas Piketty
It's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth. - Thomas Piketty
It's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth.
Over a long period of time, the main force in favor of greater equality has been the diffusion of knowledge and skills. - Thomas Piketty
Over a long period of time, the main force in favor of greater equality has been the diffusion of knowledge and skills.
When inequality gets to an extreme, it is completely useless for growth. - Thomas Piketty
When inequality gets to an extreme, it is completely useless for growth.
The discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often highly ideological speculat… - Thomas Piketty
The discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often highly ideological speculat…
Our modern democratic ideal is based on the hope that inequalities will be based on merit more than inheritance or luck. - Thomas Piketty
Our modern democratic ideal is based on the hope that inequalities will be based on merit more than inheritance or luck.
Wealth is so concentrated that a large segment of society is virtually unaware of its existence. - Thomas Piketty
Wealth is so concentrated that a large segment of society is virtually unaware of its existence.
We want capitalism and market forces to be the slave of democracy rather than the opposite. - Thomas Piketty
We want capitalism and market forces to be the slave of democracy rather than the opposite.
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 … - 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 …
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