Thomas Piketty’s recent work Capital in the Twenty-First Century, provides disturbing evidence about the increasing inequality of income and wealth between and within nations. Piketty claims that except for a brief period after World War II, inequality of income and wealth has typically been substantial, and may continue to grow in the immediate future.
Piketty’s work provides a rich empirical detail of the ways in which inequality has increased in terms of income and wealth and we should...
