ECONOMIC AFFAIRS: Growing inequality in an era of economic stagnation*

This writer has recently worked his way through a remarkable new book, Capital in the Twenty-First Century (Harvard University Press), written by French economist Thomas Piketty, and brilliantly translated into English by Arthur Goldhammer. Thomas Piketty It is the result of some 20 years’ research by its author and his many assistants. Notably, the book is less about capital than about unequal wealth distribution. What follows in this article is rather like those puzzling labels …

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