Economics Educational

Thomas Piketty on Economic Inequality

“Every now and then, the field of economics produces an important book; this is one of them,” writes Tyler Cowen in his Foreign Affairs review of Thomas Piketty’s Capital in the Twenty-First Century. “Piketty’s tome will put capitalist wealth back at the center of public debate, resurrect interest in the subject of wealth distribution, and revolutionize how people view the history of income inequality.” But Cowen deems Piketty’s main prescription, a proposal for the global taxation of wealth, “an unsatisfying conclusion to a groundbreaking work of analysis that is frequently brilliant — but flawed, as well.”

Justin Vogt, deputy managing editor of Foreign Affairs, recently sat down with Piketty to discuss his analysis of inequality and his controversial policy proposals.

Read Cowen’s review here:

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