His theorizing is bold and simple and hugely important if correct. Piketty provides an elegant framework for making sense of a complex reality. 01 percent of the population-has risen sharply over the last generation, marking a return to a pattern that prevailed before World War I… Even if none of Piketty’s theories stands up, the establishment of this fact has transformed political discourse and is a Nobel Prize–worthy contribution. Like Kennedy a generation ago, Piketty has emerged as a rock star of the policy-intellectual world… But make no mistake, his work richly deserves all the attention it is receiving… Piketty, in collaboration with others, has spent more than a decade mining huge quantities of data spanning centuries and many countries to document, absolutely conclusively, that the share of income and wealth going to those at the very top-the top 1 percent. Piketty’s treatment of inequality is perfectly matched to its moment.
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