Q&A: Thomas Piketty on the Wealth Divide: Income inequality moved with astonishing speed from the boring backwaters of economic studies to “the defining challenge of our time.” It found Thomas Piketty waiting for it.
A young professor at the Paris School of Economics, he is one of a handful of economists who have devoted their careers to understanding the dynamics driving the concentration of income and wealth into the hands of the few. He has distilled his findings into a new book, “Capital in the Twenty-First Century,” which is being published this week. In the book, Mr. Piketty provides a sort of unified theory of capitalism that explains its lopsided distribution of rewards.
Eduardo Porter’s Economic Scene column this week discusses Mr. Piketty’s work. Following is the transcript of an email interview he conducted with Mr. Piketty last week, lightly edited for length and clarity. ...