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Capital, Inequality and Justice: Reflections on Capital in the Twenty-First Century

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  • Thomas Piketty

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique)

Abstract

In this article, I seek to sharpen the discussion about my book Capital in the twenty-first century, and to address some of the many issues raised by the very interesting papers that were put together by the editors of Basic Income Studies. I start by summarizing the multidimensional approach to capital and power that I develop in my book. I then clarify the role played by r>g in my analysis of wealth inequality. Finally, I discuss some of the implications of my analysis for optimal taxation; the relation between wealth, welfare and power; the basic income proposal; and the regulation of capital and property relations.

Suggested Citation

  • Thomas Piketty, 2015. "Capital, Inequality and Justice: Reflections on Capital in the Twenty-First Century," PSE-Ecole d'économie de Paris (Postprint) halshs-01207278, HAL.
    • Handle: RePEc:hal:pseptp:halshs-01207278
    DOI: 10.1515/bis-2015-0014
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    Cited by:

    1. Ebru Canikalp & Ilter Unlukaplan, 2017. "Political determinants of social expenditures in Greece: an empirical analysis," Public Sector Economics, Institute of Public Finance, vol. 41(3), pages 359-377.
    2. Diego Andrés CARREÑO DUEÑAS & Walter Lugo RUIZ CASTAÑEDA, 2025. "Sustainable Regional Development And Complex Adaptive Systems: A Methodological Proposal Through Social Network Analysis," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 85-99, December.
    3. Nicolás Oliva & Xavier Jara & Pia Rattenhuber, 2021. "What explains the gender gap in top incomes in developing countries?: Evidence from Ecuador," WIDER Working Paper Series wp-2021-109, World Institute for Development Economic Research (UNU-WIDER).

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