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Why is the gap between the rich and the poor widening? Why is the distribution of wealth in our society becoming more and more unequal? This book argues that unchecked capitalism has led to the rise in wealth inequality, and free-market economics cannot solve unequal wealth distribution. What is more frightening is that the increasingly powerful rentier class of the 21st century will perpetuate asset inequality from generation to generation. Therefore, we must have a stronger democracy to restrict the forces of capitalism.
Thomas Piketty is a precocious and driven individual. After graduating with a Ph.D. at 22, Piketty became an assistant professor at the Massachusetts Institute of Technology’s School of Economics. Piketty found the work of previous American economists unconvincing and after a number of years studying their work, he found that he, too, had failed to touch on fundamental economic problems. Eventually he returned to Paris to study the theory of capitalism on his own. At 31, he was named France’s best young economist of the year. At the age of 35, Piketty helped establish The Paris School of Economics and served as its first dean.
