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French Professor Thomas Piketty reflects on one of his recent books – A Brief History of Equality

Summary:
Wits University is celebrating 100 years of teaching economics. And to mark the occasion, the university invited eminent French Professor Thomas Piketty to give reflections on one of his recent books: entitled A Brief History of Equality. Speaking virtually, one of the revelations that Piketty shared was that there's been limited progress in wealth distribution across the world since the industrial revolution. Piketty notes that the bottom 50% of societies, on average, own around 5% of the national wealth - this includes the developed world. In South Africa, the picture is even worse, with the bottom 50% said to own less than 1% of national wealth if that. For more news, visit sabcnews.com and also #SABCNews on all Social Media platforms.

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Wits University is celebrating 100 years of teaching economics. And to mark the occasion, the university invited eminent French Professor Thomas Piketty to give reflections on one of his recent books: entitled A Brief History of Equality. Speaking virtually, one of the revelations that Piketty shared was that there's been limited progress in wealth distribution across the world since the industrial revolution. Piketty notes that the bottom 50% of societies, on average, own around 5% of the national wealth - this includes the developed world.

In South Africa, the picture is even worse, with the bottom 50% said to own less than 1% of national wealth if that.



For more news, visit sabcnews.com and also #SABCNews on all Social Media platforms.
Thomas Piketty
Thomas Piketty (7 May 1971) is a French economist who works on wealth and income inequality. He is a professor (directeur d'études) at the École des hautes études en sciences sociales (EHESS), associate chair at the Paris School of Economics and Centennial professor at the London School of Economics new International Inequalities Institute.

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