Pikettys
Pikettys is a term that has emerged in popular discourse to refer to the economic theories of French economist Thomas Piketty. Piketty is best known for his 2013 book, "Capital in the Twenty-First Century," which analyzes the historical accumulation and distribution of wealth and income in Western countries since the 18th century. The central argument of his work is that when the rate of return on capital (r) is consistently greater than the rate of economic growth (g), wealth inequality tends to increase. Piketty refers to this relationship as "r > g."
The book's findings, based on extensive historical data, suggest that the high levels of inequality observed
The theories associated with Pikettys have sparked considerable debate among economists and policymakers. Supporters often laud