Capital in the Twenty-First Century (Thomas Piketty)


Date: Apr 17, 2014

Speaker: Thomas Piketty, Professor of Economics, Paris School of Economics

Introduction: Emmanuelle Saada, Associate Professor of French and History, Columbia University

Discussants:
Victoria de Grazia, Professor of History, Columbia University
Thomas Edsall, Professor of Journalism, Columbia University
Suresh Naidu, Assistant Professor of Economics and International and Public Affairs, Columbia University

Video of Capital in the Twenty-First Century panel with Thomas Piketty

French economist Thomas Piketty’s Capital in the Twenty-First Century reorients our understanding of economic history and transform the debate about wealth and inequality. This ambitious and original work analyzes historic data on capital and income distribution over the past three centuries from more than twenty countries to argue that the main driver of inequality is the tendency of returns on capital to exceed the rate of economic growth. As a result, the inequality of incomes and the preponderance of capital over work in the accumulation of wealth are at historical highs. Because inequality is a global phenomenon, Piketty proposes a worldwide solution: a global tax on wealth combined with higher rates of tax on the largest incomes.

Co-sponsored by the Maison Francaise.

View more BEI Seminar and Varieties of Capitalism events

Date: Apr 17, 2014

Speaker: Thomas Piketty, Professor of Economics, Paris School of Economics

Introduction: Emmanuelle Saada, Associate Professor of French and History, Columbia University

Discussants:
Victoria de Grazia, Professor of History, Columbia University
Thomas Edsall, Professor of Journalism, Columbia University
Suresh Naidu, Assistant Professor of Economics and International and Public Affairs, Columbia University

Video of Capital in the Twenty-First Century panel with Thomas Piketty

French economist Thomas Piketty’s Capital in the Twenty-First Century reorients our understanding of economic history and transform the debate about wealth and inequality. This ambitious and original work analyzes historic data on capital and income distribution over the past three centuries from more than twenty countries to argue that the main driver of inequality is the tendency of returns on capital to exceed the rate of economic growth. As a result, the inequality of incomes and the preponderance of capital over work in the accumulation of wealth are at historical highs. Because inequality is a global phenomenon, Piketty proposes a worldwide solution: a global tax on wealth combined with higher rates of tax on the largest incomes.

Co-sponsored by the Maison Francaise.

View more BEI Seminar and Varieties of Capitalism events

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