About Capital in the Twenty-First Century

Thomas Piketty (1, 2)

1 PSE - Paris School of Economics
2 PSE - Paris-Jourdan Sciences Economiques

In this article, I present three key facts about income and wealth inequality in the long run emerging from my book, Capital in the Twenty-First Century, and seek to sharpen and refocus the discussion about those trends. In particular, I clarify the role played by r > g in my analysis of wealth inequality. I also discuss some of the implications for optimal taxation, and the relation between capital-income ratios and capital shares.

Mots clés: Income distribution; Capital; Political Economy

Domaines: Economies et finances

Thomas Piketty. About Capital in the Twenty-First Century. American Economic Review, 2015, 105 (5), pp.48-53. ⟨10.1257/aer.p20151060⟩. ⟨halshs-01157487⟩