Thomas Piketty

Last updated

Thomas Piketty
Thomas Piketty, 2015 (cropped).jpg
Piketty in 2015
Born (1971-05-07) 7 May 1971 (age 48)
NationalityFrench
Spouse(s)
Julia Cagé (m. 2014)
Institutions Paris School of Economics
School for Advanced Studies in the Social Sciences
London School of Economics
Massachusetts Institute of Technology
Field Public economics Economic history
Alma mater École Normale Supérieure (MSc)
London School of Economics
School for Advanced Studies in the Social Sciences (joint PhD)
Doctoral
advisor
Roger Guesnerie
Influences Simon Kuznets, Adam Smith, John Maynard Keynes, Anthony Atkinson
Awards Honorary Doctorate, University of Johannesburg (2015)
Medalla Rectoral, Universidad de Chile (2015)
Yrjö Jahnsson Award (2013)
Prix du meilleur jeune économiste de France (2002)
Information at IDEAS / RePEc

Thomas Piketty (French:  [tɔ.ma pi.kɛ.ti] ; born 7 May 1971) is a French economist whose work focuses on wealth and income inequality. He is a professor (directeur d'études) at the School for Advanced Studies in the Social Sciences (EHESS), associate chair at the Paris School of Economics [1] and Centennial professor at the International Inequalities Institute, which is part of the London School of Economics (LSE). [2] [3]

Contents

Piketty is the author of the best-selling book Capital in the Twenty-First Century (2013), [4] which emphasises the themes of his work on wealth concentrations and distribution over the past 250 years. The book argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, and that this will cause wealth inequality to increase in the future. To address this problem Piketty proposes redistribution through a progressive global tax on wealth. [5] [6]

Biography

Piketty was born on 7 May 1971, in the Parisian suburb of Clichy, Hauts-de-Seine. His parents had been involved with a Trotskyist group and the May 1968 protests in Paris, but they had moved away from this political position before Piketty was born, and a visit to the Soviet Union in 1991 was enough to make him a firm "believe[r] in capitalism, private property, the market". [7]

Piketty earned an S-stream (scientific) Baccalauréat, and after taking scientific preparatory classes, he entered the École Normale Supérieure (ENS) at the age of 18, where he studied mathematics and economics. [8] At the age of 22, Piketty was awarded his PhD for a thesis on wealth redistribution, which he wrote at the London School of Economics (LSE) and EHESS under Roger Guesnerie [9] and winning the French Economics Association's award for the best thesis of the year. [10]

After earning his PhD, Piketty taught from 1993 to 1995 as an assistant professor in the Department of Economics at the Massachusetts Institute of Technology. In 1995, he joined the French National Centre for Scientific Research (CNRS) as a researcher, and in 2000 he became a professor (directeur d'études) at EHESS. [8]

Piketty won the 2002 prize for the best young economist in France, and according to a list dated 11 November 2003, he is a member of the scientific orientation board of the association À gauche, en Europe, founded by Michel Rocard and Dominique Strauss-Kahn. [11]

In 2006, Piketty became the first head of the Paris School of Economics, which he helped set up. [12] He left after a few months to serve as an economic advisor to Socialist Party candidate Ségolène Royal during the French presidential campaign. [13] [14] Piketty resumed teaching at the EHESS and Paris School of Economics in 2007. [15]

He is a columnist for the French newspaper Libération , and occasionally writes op-eds for Le Monde .

Thomas Piketty was the partner of the politician Aurélie Filippetti. In 2009, she sued him for domestic violence. Thomas Piketty acknowledged the complaint and apologized, following which Aurélie Filipetti withdrew her complaint. [16]

In April 2012, Piketty co-authored along with 42 colleagues an open letter in support of then socialist party candidate for the French presidency François Hollande. [17] Hollande won the contest against the incumbent Nicolas Sarkozy in May of that year. Piketty was unimpressed by Hollande's tenure, later describing him as "hopeless". [7]

In 2013, Piketty won the biennial Yrjö Jahnsson Award, for the economist under age 45 who has "made a contribution in theoretical and applied research that is significant to the study of economics in Europe." [18]

In January 2015, he rejected the French Legion of Honour order, stating that he refused the nomination because he did not think it was the government's role to decide who is honourable. [19] [20]

On 27 September 2015, it was announced that he had been appointed to the British Labour Party's Economic Advisory Committee, convened by Shadow Chancellor John McDonnell and reporting to Labour Party Leader Jeremy Corbyn. [21] The appointment of Piketty, who had previously advised Lord Wood, key policy advisor to former Labour Party Leader Ed Miliband, that tax rates could be raised above 50% for earnings over one million pounds without it impacting the economy, [22] was seen as a particular coup for the Labour Party leadership due to his breakthrough success in the mainstream publishing world. [23] Regarding this appointment he stated that he was very happy to take part and assist the Labour Party in constructing an economic policy that helps tackle some of the biggest issues facing people in the UK and that there was a brilliant opportunity for the Labour party to construct a fresh and new political economy which will expose austerity for the failure it has been in the UK and Europe, [21] although he reportedly failed to attend the first meeting. [24] In June 2016, he resigned from his role in Labour's Economic Advisory Committee, citing concerns over the weak campaign the party had run in the EU referendum. [25]

On 2 October 2015 Piketty received an honorary doctorate from the University of Johannesburg and on 3 October 2015 he delivered the 13th Annual Nelson Mandela Lecture at the University of Johannesburg. [26]

On 11 February 2017, it was announced that he had joined the socialist Benoît Hamon's campaign team in the latter's presidential run. He took in charge of EU matters, and more precisely, the Fiscal Stability Treaty (or TSCG), while Julia Cagé was responsible for the candidate's economic and fiscal platform. Piketty expressed his view that the TSCG should be renegotiated in order to introduce a euro zone assembly, composed of members of EU's parliaments — a "democratic government", he said, in comparison with the current system which he views as a "huis clos". Such change would currently require a unanimous approval of all EU members, and Piketty has suggested that a change of rules might be necessary, saying that if countries representing 80% of EU's population or GDP ratify a treaty, it should be approved. [27] He is also in favour of a "credible and bold basic income", which is one of Benoit Hamon's key proposals, although their views on the matter are different. [28] The call in which Piketty and other economic researchers argue for their version of the basic income has been criticised as not "universal", a criticism he answered on his blog. [29]

London School of Economics

Thomas Piketty joined the London School of Economics (LSE) in 2015 as the distinguished Centennial Professor. Piketty continues his research as part of the LSE International Inequalities Institute. His economic research focusses mainly on wealth inequalities and the use of capital in the 21st century. Piketty has long-standing ties to the London School of Economics and he completed his PhD studies at the university in the early 1990s.

In addition to his research, Piketty also teaches post-graduate students at the LSE. His teaching and research approach is inter-disciplinary and he has been involved in the teaching of the new MSc degree in Inequalities and Social Science at the London School of Economics.

Research

Piketty specializes in economic inequality, taking a historic and statistical approach. [30] [31] His work looks at the rate of capital accumulation in relation to economic growth over a two hundred year spread from the nineteenth century to the present. His novel use of tax records enabled him to gather data on the very top economic elite, who had previously been understudied, and to ascertain their rate of accumulation of wealth and how this compared to the rest of society and economy. His most recent book, Capital in the Twenty-First Century , relies on economic data going back 250 years to show that an ever-rising concentration of wealth is not self-correcting. To address this problem, he proposes redistribution through a progressive global tax on wealth. [5] [32]

Study of long-term economic inequalities

Thomas Piketty: Extreme inequality is useless for growth

A research project on high incomes in France led to the book Les hauts revenus en France au XXe siècle (High incomes in France in the 20th Century, Grasset, 2001), which was based on a survey of statistical series covering the whole of the 20th century, built from data from the fiscal services (particularly income tax declarations). He extended this analysis in his immensely popular book Le Capital au XXIe siècle ( Capital in the Twenty-First Century ). A study by Emmanuel Saez and Piketty showed that the top 10 percent of earners took more than half of the country's total income in 2012, the highest level recorded since the government began collecting the relevant data a century ago. [33] [34] [35]

Survey on the evolution of inequalities in France

Piketty's work shows that differences in earnings dropped sharply during the 20th century in France, mostly after World War II. He argues that this was due to a decrease in estate inequalities, while wage inequalities remained stable. The shrinking inequality during this period, Piketty says, resulted from a highly progressive income tax after the war, which upset the dynamics of estate accumulation by reducing the surplus money available for saving by the wealthiest.[ citation needed ]

The normative conclusion Piketty draws is that a tax cut and thus a decrease in the financial contribution to society of the wealthy that has been happening in France since the late 1990s will assist in the rebuilding of the earlier large fortunes of the rentier class. This trend will lead to the rise of what he calls patrimonial capitalism, in which a few families control most of the wealth. [9]

Through a statistical survey, Piketty also showed that the Laffer effect, which claims that high marginal tax rates on top incomes are an incentive for the rich to work less, was probably negligible in the case of France. [36]

Comparative work

Piketty has done comparative work on inequality in other developed countries. In collaboration with other economists, particularly Emmanuel Saez, he built a statistical series based on a similar method used in his studies of France. This research led to reports on the evolution of inequalities in the US, [37] and on economic dynamics in the English-speaking world and continental Europe. [38] Saez won the prestigious John Bates Clark prize for this work. [39]

The surveys found that following the Second World War, after initially undergoing a decrease in economic inequality similar to that in continental Europe, English-speaking countries have, over the past thirty years, experienced increasing inequalities.

A critic of the Kuznets curve

Piketty's work has been discussed as a critical continuation of the pioneering work of Simon Kuznets in the 1950s. [40] According to Kuznets, the long-term evolution of earnings inequalities was shaped as a curve (Kuznets curve). Growth started at the beginning of the industrial revolution, and slackened off later due to the reallocation of the labor force from low productivity sectors like agriculture to higher productivity sectors like industry.

According to Piketty, the tendency observed by Kuznets in the early 1950s is not necessarily a product of deep economic forces (e.g. sectoral spillover or the effects of technological progress). Instead, estate values, rather than wage inequalities, decreased, and they did so for reasons that were not specifically economic (for example, the creation of income tax). Consequently, the decrease would not necessarily continue, and in fact, inequalities have grown sharply in the United States over the last thirty years, returning to their 1930s level.

Other work

Besides these surveys, which make up the core of his work, Piketty has published in other areas, often with a connection to economic inequalities. His work on schools, for example, postulates that disparities among different schools, especially class sizes, are a cause for the persistence of inequalities in wages and the economy. [41] He has also published proposals for changes in the French pension system and the French tax system. [42] [43] In a 2018 paper, Piketty suggested that throughout the Western world, political parties of both the left and the right have been captured by the "elites". [44] Piketty's latest book, Capital et idéologie [45] , not yet translated into English, argues that racism causes poverty throughout the world, and thus income disparity.

Capital in the Twenty-First Century

Capital in the Twenty-First Century, published in 2013, focuses on wealth and income inequality in Europe and the US since the 18th century. The book's central thesis is that inequality is not an accident but rather a feature of capitalism that can be reversed only through state intervention. [46] The book thus argues that unless capitalism is reformed, the very democratic order will be threatened. [46] The book reached number one on The New York Times bestselling hardcover nonfiction list from 18 May 2014. [47] Piketty offered a "possible remedy: a global tax on wealth". [48]

In 2014, he was awarded the British Academy Medal for this book. [49]

Personal life

He is married to fellow economist Julia Cagé.

Bibliography

In French
In English

See also

Related Research Articles

Simon Kuznets economist

Simon Smith Kuznets was an American economist and statistician who received the 1971 Nobel Memorial Prize in Economic Sciences "for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development."

Economic inequality Divergence in economic well-being within a group

There are a wide variety of types of economic inequality, most notably measured using the distribution of income and the distribution of wealth. Besides economic inequality between countries or states, there are important types of economic inequality between different groups of people.

In economics, income distribution is how a nation's total GDP is distributed amongst its population. Income and its distribution have always been a central concern of economic theory and economic policy. Classical economists such as Adam Smith, Thomas Malthus, and David Ricardo were mainly concerned with factor income distribution, that is, the distribution of income between the main factors of production, land, labour and capital. Modern economists have also addressed this issue, but have been more concerned with the distribution of income across individuals and households. Important theoretical and policy concerns include the balance between income inequality and economic growth, and their often inverse relationship.

A wealth tax is a levy on the total value of personal assets, including bank deposits, real estate, assets in insurance and pension plans, ownership of unincorporated businesses, financial securities, and personal trusts. Typically, liabilities are deducted from an individual's wealth, hence it is sometimes called a net wealth tax.

Tony Atkinson British economist

Sir Anthony Barnes "Tony" Atkinson was a British economist, senior research fellow of Nuffield College, Oxford, and Centennial Professor at the London School of Economics.

Paris School of Economics

The Paris School of Economics is a French research institute in the field of economics. It proposes M.Phil., M.Sc., and Ph.D level programmes in various fields of theoretical and applied economics, including macroeconomics, econometrics, and international economics. The school is intended to participate in both the elaboration of sophisticated tools of economic analysis, and their application to policy at both the public and private level.

Income inequality in the United States is the extent to which income is distributed in an uneven manner among the American population. It has fluctuated considerably since measurements began around 1915, moving in an arc between peaks in the 1920s and 2000s, with a 30-year period of relatively lower inequality between 1950–1980.

Wealth inequality in the United States Unequal distribution of assets in the United States

Wealth inequality in the United States is the unequal distribution of assets among residents of the United States. Wealth includes the values of homes, automobiles, personal valuables, businesses, savings, and investments. The net worth of U.S. households and non-profit organizations was $94.7 trillion in the first quarter of 2017, a record level both in nominal terms and purchasing power parity. If divided equally among 124 million U.S. households, this would be $760,000 per family; however, the bottom 50% of families, representing 62 million American households, average $11,000 net worth. From an international perspective, the difference in US median and mean wealth per adult is over 600%.

Emmanuel Saez is a Spanish-born French and American economist who is Professor of Economics at the University of California, Berkeley. His work, done with Thomas Piketty and Gabriel Zucman, includes tracking the incomes of the poor, middle class and rich around the world. Their work shows that top earners in the United States have taken an increasingly larger share of overall income over the last three decades, with almost as much inequality as before the Great Depression. He recommends much higher (marginal) taxes on the rich, up to 70% or 90%. He received the John Bates Clark Medal in 2009 and was named a MacArthur Fellow in 2010.

Great Compression a decade of extraordinary wage compression in the United States in the early 1940s

The Great Compression refers to "a decade of extraordinary wage compression" in the United States in the early 1940s. During that time economic inequality as shown by wealth distribution and income distribution between the rich and poor became much smaller than it had been in preceding time periods. The term was reportedly coined by Claudia Goldin and Robert Margo in a 1992 paper, and is a takeoff on the Great Depression, an event during which the Great Compression started.

Tax policy and economic inequality in the United States discusses how tax policy affects the distribution of income and wealth in the United States. Income inequality can be measured before- and after-tax; this article focuses on the after-tax aspects. Income tax rates applied to various income levels and tax expenditures primarily drive how market results are redistributed to impact the after-tax inequality. After-tax inequality has risen in the United States markedly since 1980, following a more egalitarian period following World War II.

Great Divergence (inequality) a period, starting in the late 1970s, during which income differences increased in the US and in other countries

The Great Divergence is a term given to a period, starting in the late 1970s, during which income differences increased in the US and, to a lesser extent, in other countries. The term originated with the Nobel laureate, Princeton economist and New York Times columnist Paul Krugman, and is a reference to the "Great Compression", an earlier era in the 1930s and the 1940s when incomes became more equal in the US and elsewhere.

<i>Capital in the Twenty-First Century</i> 2013 book by French economist Thomas Piketty

Capital in the Twenty-First Century is a 2013 book by French economist Thomas Piketty. It focuses on wealth and income inequality in Europe and the United States since the 18th century. It was initially published in French in August 2013; an English translation by Arthur Goldhammer followed in April 2014.

Gabriel Zucman is a French economist known for his research on tax havens and corporate tax havens from his 2015 book The Hidden Wealth of Nations: The Scourge of Tax Havens. Zucman is also known for his work on the quantification of the financial scale of base erosion and profit shifting (BEPS) tax avoidance techniques employed by multinationals in corporate tax havens, through which he identified Ireland as the world's largest corporate tax haven in 2018. Zucman showed that the leading corporate tax havens are all OECD–compliant, and that tax disputes between high–tax locations and havens are very rare. Zucman's papers are some of the most cited papers on research into tax havens. In 2018, Zucman was the recipient of the Prize for the Best Young Economist in France, awarded by the Cercle des économistes and Le Monde in recognition of his research on tax evasion and avoidance and their economic consequences. He is currently an Assistant Professor of Economics at the University of California, Berkeley.

Julia Cagé French economist

Julia Cagé, born 17 February 1984 in Metz (Moselle), is a French economist specializing in development economics, political economy, and economic history.

World Inequality Report is a report by the World Inequality Lab at the Paris School of Economics that provides estimates of global income and wealth inequality based on the most recent findings compiled by the World Wealth and Income Database (WID). WID, also referred to as WID.world, is an open source database, that is part of an international collaborative effort of over a hundred researchers in five continents. The World Inequality Report includes discussions on potential future academic research as well as content useful for public debates and policy related to economic inequality. The first report, entitled World Inequality Report 2018, which was released on December 14, 2017 at the Paris School of Economics during the first WID.world Conference, was compiled by Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez, and Gabriel Zucman based on WID data. The 300-page report cautions that since 1980, around the globe, there has been an increase in the gap between rich and poor. In Europe, the increase in inequality increased more moderately while in North America and Asia, the increase was rapid. In the Middle East, Africa, and Brazil, income inequality did not increase but remained at very high levels.

Camille Landais is a French economist who currently works as Professor of economics at the London School of Economics. His research focuses on public finance and labour economics. In 2016, Landais was awarded the Prize of Best Young Economist of France for his research on the relationship between changes in inequality and fiscal and social policy.

Stefanie Stantcheva is a French economist who is a Professor of Economics at Harvard University. She is a member of the French Council of Economic Analysis. Her research focuses on public finance—in particular questions of optimal taxation. In 2018, she was selected by The Economist as one of the 8 best young economists of the decade.

The World Wealth and Income Database (WID), also known as WID.world, is an extensive, open and accessible database "on the historical evolution of the world distribution of income and wealth, both within countries and between countries".

<i>Capital and Ideology</i> 2019 book by Thomas Piketty

Capital and Ideology is a 2019 book by French economist Thomas Piketty. Capital and Ideology follows Piketty's 2013 book Capital in the Twenty-First Century, which focused on wealth and income inequality in Europe and the United States.

References

  1. "Thomas Piketty - Paris School of Economics". PSE - Ecole d'économie de Paris - Paris School of Economics. Retrieved 16 December 2017.
  2. Piketty, Thomas. "CV" . Retrieved 1 May 2014.
  3. "Thomas Piketty joins LSE as Centennial Professor". London School of Economics and Political Science. Retrieved 16 May 2015.
  4. "Paris School of Economics". Archived from the original on 9 May 2014. Retrieved 19 May 2014.
  5. 1 2 Krugman, Paul (8 May 2014). "Why We're in a New Gilded Age". The New York Review of Books.
  6. Tanenhaus, Sam (25 April 2014). "Hey, Big Thinker: Thomas Piketty, the Economist Behind 'Capital in the Twenty-First Century' Is the Latest Overnight Intellectual Sensation". New York Times . Retrieved 26 April 2014.
  7. 1 2 Chassany, Anne-Sylvaine (26 June 2015). "Lunch with the FT: Thomas Piketty". ft.com. Retrieved 26 June 2015.
  8. 1 2 "Curriculum vitae". pse.ens.fr. Retrieved 11 January 2014.
  9. 1 2 John Cassidy, "Forces of Divergence", The New Yorker, 31 March 2014.
  10. Gobry, Pascal-Emmanuel (22 May 2014). "Thomas Piketty, a Not-So-Radical French Thinker". The Wall Street Journal. Retrieved 8 December 2014.
  11. "Thomas Piketty / France Inter". Franceinter.fr. 20 October 2013. Retrieved 16 June 2014.
  12. Annie Kahn and Virginie Malingre (22 February 2007). "Les " French economists " font école". Le Monde. Retrieved 28 September 2010.
  13. "Pourquoi Thomas Piketty quitte la direction de l'École d'économie de Paris". Observatoire Boivigny. 3 March 2007.
  14. "Avant qu'il ne soit trop tard". Nouvel Observateur . 3 March 2007. Retrieved 28 September 2010.
  15. "Thomas Piketty". Paris School of Economics. Retrieved 13 March 2014.
  16. "Plainte Filippetti / Piketty : domaine public ?". Arretsurimages.net. Retrieved 16 December 2017.
  17. "" Nous, économistes, soutenons François Hollande " 17 Apr 2012". lemonde.fr. 17 April 2012. Retrieved 16 June 2014.
  18. "Yrjö Jahnsson Award in Economics". Yrjö Jahnsson Foundation.
  19. "Piketty rejects Légion d'Honneur award". Financial Times.
  20. "BBC News – France economist Thomas Piketty rejects Legion D'Honneur". BBC News. 1 January 2015.
  21. 1 2 "Labour announces new Economic Advisory Committee". Labour Press. 27 September 2015. Retrieved 11 March 2016.
  22. Andrew Sparrow, Thomas Piketty interviewed by Stewart Wood: Politics live blog, The Guardian, 16 June 2014.
  23. Williams-Grut, Oscar (28 September 2015). "Meet the team shaping the Labour Party's 'New Economics'". Business Insider . Retrieved 11 March 2016.
  24. Chakelian, Anoosh (27 January 2016). ""Labour must get real about the economy": is Corbyn's economic advisory board unravelling?". New Statesman . Retrieved 11 March 2016.
  25. "Jeremy Corbyn's economic advisor Thomas Piketty resigns". Independent.co.uk. 29 June 2016. Retrieved 16 December 2017.
  26. "Transcript of Nelson Mandela Annual Lecture 2015". The Nelson Mandela Foundation. 3 October 2015. Retrieved 23 December 2015.
  27. Boudet, Alexandre (12 February 2017). "À quoi ressemble l'Europe de Benoît Hamon version Thomas Piketty". Le Huffington Post (in French). Retrieved 13 March 2017.
  28. Piketty, Thomas (13 February 2017). "For a credible and bold basic income". Le blog de Thomas Piketty. Retrieved 13 March 2017.
  29. Piketty, Thomas (13 February 2017). "Is our basic income really universal?". Le blog de Thomas Piketty. Retrieved 13 March 2017.
  30. Daniel Henninger (12 March 2009). "The Obama Rosetta Stone". The Wall Street Journal . Archived from the original on 17 May 2009. Retrieved 28 September 2010.
  31. See in particular his Introduction à la théorie de la redistribution des richesses, Economica, 1994.
  32. An In-depth review by Robert Boyer, leader of the French Régulation school in Régulation Review
  33. Lowrey, Annie (10 September 2013). "The Rich Get Richer Through the Recovery". The New York Times.
  34. Tanner, Michael (28 January 2014). "The president's 'inequality' absurdities". New York Post.
  35. Emmanuel Saez (3 September 2013). "Striking it Richer : The Evolution of Top Incomes in the United States (Updated with 2012 preliminary estimates)" (PDF). Eml.berkeley.edu. Retrieved 16 December 2017.
  36. "Les Hauts revenus face aux modifications des taux marginaux supérieurs de l'impôt sur le revenu en France, 1970–1996" (PDF). Économie et prévision, n° 138–139. 1999.
  37. Piketty, T.; Saez, E. (2003). "Income Inequality in the United States, 1913-1998" (PDF). The Quarterly Journal of Economics . 118: 1–41. doi:10.1162/00335530360535135.
  38. See particularly, Piketty, T.; Saez, E. (2006). "The Evolution of Top Incomes: A Historical and International Perspective" (PDF). American Economic Review . 96 (2): 200–205. doi:10.1257/000282806777212116. JSTOR   30034642. And Atkinston, T.; Piketty, T., eds. (2007). Top incomes over the twentieth century : a contrast between continental European and English-speaking countries. Oxford University Press.
  39. "Emmanuel Saez, Clark Medalist 2009". aeaweb.org. Retrieved 7 February 2018.
  40. "The Kuznets' curve, yesterday and tomorrow", in A. Banerjee, R. Benabou et D. Mookerhee (eds.), Understanding poverty, Oxford university press, 2005.
  41. T. Piketty and M. Valdenaire, L'impact de la taille des classes sur la réussite scolaire dans les écoles, collèges et lycées français – Estimations à partir du panel primaire 1997 et du panel secondaire 1995 , Ministère de l'éducation nationale, 2006.
  42. A. Bozio and T. Piketty, Pour un nouveau système de retraite : des comptes individuels de cotisations financés par répartition, Edition de l'ENS rue d'Ulm, collection du CEPREMAP n°14, 2008.
  43. Camille Landais, Thomas Piketty and Emmanuel Saez, Pour une révolution fiscale, ed. Le Seuil, 2011
  44. Spencer, Keith (27 March 2018). "Thomas Piketty says Bernie Sanders' electoral strategy is the way to beat back the right". Salon. Retrieved 28 March 2018.
  45. Capital et idéologie (Seuil, 2019)
  46. 1 2 Ryan Cooper (25 March 2014). "Why everyone is talking about Thomas Piketty's Capital in the Twenty-First Century". The Week .
  47. Cowles, Gregory. "Best Sellers". The New York Times. Retrieved 22 May 2014.
  48. "Mind the Gap: Anthony Atkinson, the godfather of inequality research, on a growing problem", The Economist , 6 June 2015, retrieved 7 June 2015
  49. "British Academy Prizes and Medals Ceremony 2014". British Academy. 25 November 2014. Retrieved 30 July 2017.
  50. "Capital et idéologie". Thomas Piketty's page at Paris School of Economics. Retrieved 5 September 2019.
  51. "Capital and Ideology". Thomas Piketty's page at Paris School of Economics. Retrieved 5 September 2019.

Articles and interviews