Political economy and inequalityFrenchb. 1971
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.
Thomas Piketty is a French economist and one of the most important contemporary researchers on income, wealth and capital inequality. He gained worldwide fame with Capital in the Twenty-First Century, showing that the concentration of wealth in modern societies is a historical, political and institutional issue rather than merely a natural outcome of markets. His works lie at the intersection of economics, history, politics and social justice.
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