Thomas Piketty, French economist
Thomas Piketty (French: [tɔ.ma pi.kɛ.ti]; born 7 May 1971) is a French economist who is Professor of Economics at the School for Advanced Studies in the Social Sciences (French: École des hautes études en sciences sociales: EHESS), Associate Chair at the Paris School of Economics and Centennial Professor of Economics in the International Inequalities Institute at the London School of Economics.
Piketty's work focuses on public economics, in particular income and wealth inequality. He is the author of the best-selling book Capital in the Twenty-First Century (2013), which emphasises the themes of his work on wealth concentrations and distribution over the past 250 years. The book argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, and that this will cause wealth inequality to increase in the future. Piketty proposes improving the education systems and considers diffusion of knowledge, diffusion of skills, diffusion of idea of productivity as the main mechanism that will lead to lower inequality. In 2019, his book Capital and Ideology was published, which focuses on income inequality in various societies in history.
1971May, 7
Thomas Piketty
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Events on 1971
- 8Jan
Zulfikar Ali Bhutto
Bowing to international pressure, President of Pakistan Zulfikar Ali Bhutto releases Bengali leader Sheikh Mujibur Rahman from prison, who had been arrested after declaring the independence of Bangladesh. - 7Jun
First Amendment to the United States Constitution
The United States Supreme Court overturns the conviction of Paul Cohen for disturbing the peace, setting the precedent that vulgar writing is protected under the First Amendment to the United States Constitution. - 11Jul
Chile
Copper mines in Chile are nationalized. - 21Sep
Bhutan
Bahrain, Bhutan and Qatar join the United Nations. - 24Nov
D. B. Cooper
During a severe thunderstorm over Washington state, a hijacker calling himself Dan Cooper (aka D. B. Cooper) parachutes from a Northwest Orient Airlines plane with $200,000 in ransom money. He has never been found.