Thomas Piketty: Economics/Inequality (Shooting Azimuths)

Chang, Ha-Joon, et al. "Humans are not resources. Coronavirus shows why we must democratise work." The Guardian (May 15, 2020) ["Our health and lives cannot be ruled by market forces alone. Now thousands of scholars are calling for a way out of the crisis."]

Amory Gethin, Clara Martínez-Toledano, and Thomas Piketty. "How politics became a contest dominated by two kinds of elite." The Guardian (August 5, 2021) ["Studying hundreds of elections, we found that political parties increasingly cater to only the well educated and the rich."]

Piketty, Thomas. Capital and Ideology. trans. Arthur Goldhammer. Harvard University Press, 2020. ["Thomas Piketty’s bestselling Capital in the Twenty-First Century galvanized global debate about inequality. In this audacious follow-up, Piketty challenges us to revolutionize how we think about politics, ideology, and history. He exposes the ideas that have sustained inequality for the past millennium, reveals why the shallow politics of right and left are failing us today, and outlines the structure of a fairer economic system. Our economy, Piketty observes, is not a natural fact. Markets, profits, and capital are all historical constructs that depend on choices. Piketty explores the material and ideological interactions of conflicting social groups that have given us slavery, serfdom, colonialism, communism, and hypercapitalism, shaping the lives of billions. He concludes that the great driver of human progress over the centuries has been the struggle for equality and education and not, as often argued, the assertion of property rights or the pursuit of stability. The new era of extreme inequality that has derailed that progress since the 1980s, he shows, is partly a reaction against communism, but it is also the fruit of ignorance, intellectual specialization, and our drift toward the dead-end politics of identity. Once we understand this, we can begin to envision a more balanced approach to economics and politics. Piketty argues for a new “participatory” socialism, a system founded on an ideology of equality, social property, education, and the sharing of knowledge and power. Capital and Ideology is destined to be one of the indispensable books of our time, a work that will not only help us understand the world, but that will change it." This is the Harvard University Press book page, it has links to app. 50 interviews and features on the author & the book.]

---. Capital in the Twenty-First Century. Trans. by Arthur Goldhammer. The Belknap Press of Harvard University Press, 2014. ["What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In Capital in the Twenty-First Century, Thomas Piketty analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings will transform debate and set the agenda for the next generation of thought about wealth and inequality. Piketty shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality―the tendency of returns on capital to exceed the rate of economic growth―today threatens to generate extreme inequalities that stir discontent and undermine democratic values. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, Piketty says, and may do so again. A work of extraordinary ambition, originality, and rigor, Capital in the Twenty-First Century reorients our understanding of economic history and confronts us with sobering lessons for today."]

---. Nature, Culture, and Inequality: A Comparative and Historical Perspective. Other Press, 2024. ["In this unique work, Thomas Piketty presents a synthesis of his historical and comparative research on inequality. He challenges the idea that there could be natural inequalities and shows that the march toward equality has always depended on political and social struggles, addressing diverse topics such as: education, inheritance, the climate crisis, the taxation of wealth, and gender disparities."]

---. "Trump's national-capitalism likes to flaunt its strength, but it is actually fragile." Le Monde (February 15, 2025) ["The United States, following misguided policies since Reagan, is on the verge of losing control over the world. Rising nationalism will only accelerate this decline and disappoint public expectations, the economist argues in his column."]

Oketty, Thomas, Emmanuel Saez, and Gabriel Zucman. "Rethinking Capital and Wealth Taxation." Oxford Review of Economic Policy (August 30, 2023) ["This paper reviews recent developments in the theory and practice of optimal capital taxation. We emphasize three main rationales for capital taxation. First, the frontier between capital and labour income flows is often fuzzy, thereby lending support to a broad-based, comprehensive income tax. Next, the very notions of income and consumption flows are difficult to define and measure for top wealth holders where capital gains due to asset price effects dwarf ordinary income and consumption flows. Therefore the proper way to tax billionaires is a progressive wealth tax. Finally, as individuals cannot choose their parents, there are strong meritocratic reasons why we should tax inherited wealth more than earned income or self-made wealth for which individuals can be held responsible, at least in part. This implies that the ideal fiscal system should also include a progressive inheritance tax, in addition to progressive income and wealth taxes. We then confront our prescriptions with historical experience. Although there are significant differences, we argue that observed fiscal systems in modern democracies bear important similarities with this ideal triptych."]