Thomas Piketty

Biography

French economist known for his work on wealth and income inequality.

School of Thought

Neo-Marxian Economics

Notable Quotes

On Wealth Inequality and Technology

"When the rate of return on capital exceeds the rate of growth of output and income, capitalism automatically generates arbitrary and unsustainable inequalities."

—Thomas Piketty, Capital in the Twenty-First Century (2014), p. 1, Harvard University Press

On Human Capital in Age of AI

"Technology and international competition do not necessarily lead to wage inequality; education and institutions are what matter."

—Thomas Piketty, Capital and Ideology (2020), p. 523, Harvard University Press

Additional Notable Quotes

On Wealth Inequality and Technology

"The history of inequality is shaped by the way economic actors view what is just and what is not."

—Thomas Piketty, Capital in the Twenty-First Century (2014), p. 20, Harvard University Press

On Economic Measurement in Digital Economy

"Wealth concentration is as high today as it was a century ago."

—Thomas Piketty, Capital and Ideology (2020), p. 12, Harvard University Press

On Digital Currency and Monetary Policy

"Progressive taxation is the only way to prevent endless inequality spiral."

—Thomas Piketty, Capital in the Twenty-First Century (2014), p. 572, Harvard University Press