With Thomas Piketty, Professor of Economics, Paris School of Economics
What impact has Thomas Piketty’s controversial book, Capital in the Twenty-First Century, had on business leaders and policy makers? His argument focused on the problems caused by the inequality of capital and the wealth gap that has widened for the past 40 years. At the same time, business and wealthy individuals have increased philanthropic activity. Is it enough? What should the corporate response to Piketty’s challenge be?
Thomas Piketty is professor at the Paris School of Economics. He has published numerous research articles in top international journals (Quarterly Journal of Economics, Journal of Political Economy, American Economic Review, Review of Economic Studies, etc.), and a dozen books. He is the author of historical and theoretical literature on the relationship between economic development and wealth distribution. He is the initiator of the recent literature on trends over a long period from the high income in national income (now available in the World Top Incomes Database). He is also the author of the "Capital in the 21st century". This work led to question radically the optimist Kuznets hypothesis on the link between development and inequalities, and to highlight the importance of political and fiscal institutions in the historical dynamics of the distribution of wealth.