Sharing the Wealth

Amazing. To think the newest, coolest economics book on the block is called ‘Capital.’ And it was written in French by an Economics prof named Thomas Piketty. Paul Krugman a pretty well known economist himself says in the New York Times that Piketty is “arguably the world’s leading expert on income and wealth inequality,” making the case that the world economy is now dominated by inherited wealth so that “birth matters more than effort and talent.” See the article in today’s Globe and Mail for how David Foot and Daniel Stoffman (“Boom, Bust & Echo”) use Piketty as a jumping off point for their own discussion.

 

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