DYNAMICS OF INEQUALITY
Your new book, Capital in the Twenty-First Century, synthesizes the results of a deeply impressive research programme, using a comparative, long-term approach.  Thomas Piketty, Capital in the Twenty-First Century, Cambridge, ma 2014. This text is based on an interview by Alice Béja and Marc-Olivier Padis, ‘Le retour du capital et la dynamique des inégalités’, Esprit, November 2013; the last six questions were posed by nlr. The results for different countries in terms of wealth distribution are remarkably uniform; they represent a challenge both to ‘convergence’ theories and to the notion that levels of inequality tend to decline over time. How do you explain the relative lack of national specificities—and to what extent can these long-run results serve to predict the future?
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- Gerard Dumenil, Dominique Levy: Neoliberal Income Trends A dramatic shift in the distribution of property and income to the very richest layers of US society has been a notorious trend of the past quarter-century, reaching dizzying peaks in the Clinton years. But these Himalayan heights of wealth and power are now surrounded by lower ridges of enrichment, with the formation of a new upper salariat stabilizing the post-Keynesian social order.