by From Blair Fix I don’t think I need to say much about Thomas Piketty. He’s probably the most famous economist in the world. Since publishing Capital in the Twenty-First Century, he’s become an academic rock star. Many heterodox economists think Piketty’s theories of inequality are naive. I would be one of those economists. But this does not detract from Piketty’s empirical work. He’s a prolific inequality muckraker. Together with other researchers, Piketty has created the World Inequality Database. It’s an invaluable tool for understanding modern inequality. I’ll leave you with one of Piketty’s most famous charts. Here’s the history of inequality in the United States: This may be the most famous chart in modern economics. It’s Piketty’s data for the income share of the top 10% in the
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from Blair Fix
I don’t think I need to say much about Thomas Piketty. He’s probably the most famous economist in the world. Since publishing Capital in the Twenty-First Century, he’s become an academic rock star.
Many heterodox economists think Piketty’s theories of inequality are naive. I would be one of those economists. But this does not detract from Piketty’s empirical work. He’s a prolific inequality muckraker.
Together with other researchers, Piketty has created the World Inequality Database. It’s an invaluable tool for understanding modern inequality. I’ll leave you with one of Piketty’s most famous charts. Here’s the history of inequality in the United States:
