170 Quotes by Thomas Piketty

Do the dynamics of private capital accumulation inevitably lead to the concentration of wealth in ever fewer hands, as Karl Marx believed in the nineteenth century?

Spending on education and health consumes 10–15 percent of national income in all the developed countries today.

Over the long run, education and technology are the decisive determinants of wage levels.

Without a radical shock, it seems fairly likely that the current equilibrium will persist for quite some time.

Income inequality increased quite sharply in the United States during the 1920s, however, peaking on the eve of the 1929 crash with more than 50 percent of national income going to the top decile –.

I don’t think there is any serious evidence that we need to be paying people more than 100 times the average wage in order to get high-performing managers.

The European and international authorities have never taken steps to implement the necessary laws and regulations, however.

Housing is the favorite investment of the middle class and moderately well-to-do, but true wealth always consists primarily of financial and business assets.

The Revolution is the reason why French estate records are probably the richest in the world over the long run.