How to pronounce “piketty” in English

know from Thomas Piketty's book, "Capital," and other data sources that increasingly, people in the lowest socioeconomic classes

And Thomas Piketty in his book "Capital in the 21st Century" talks about America's dynamism, and he chalks it up to these reset events that America had in terms

But when Piketty's book came out, it was, like, everybody started talking about it.

of the sort that Piketty talks about, here's one small thing you can do-- become a better tipper.

There is this work by the French economist Thomas Piketty.

But then they came back and visited it this year-- Piketty, Saez, and Zucman showed a gain in real median income of 33% when

Some of you will have no doubt read Thomas Piketty's "Capital," which talks about the massive rise of inequality over the past few decades.

of the wealth of the richest people that Piketty documented was actually the rise in housing prices.

Joe Stiglitz had written about the 99% versus the 1% before Piketty came out.

Yeah, I would take a more Piketty version of this, where Piketty basically says, why do we tolerate imbalances in wealth?

You mentioned briefly inequality and Piketty earlier.

Can you talk at all about sort of the difference between your approach and Piketty's and what you think of Piketty and what Piketty might think of you--

First of all, I think that Thomas Piketty's work has created a big focus on wealth and income inequality

So, for example, Piketty and Saez-- who I know you know well-- found that between '79 and 2002 medium income growth declined by 8%.

My colleague, Raj Chetty, for instance, or Thomas Piketty have done very important work to show how much economic inequality has grown.

And this, obviously, was brought into the political discourse by Thomas Piketty's book, "Capital,"

Yes, so in that regard-- so to kind of reiterate this earlier part, Thomas Piketty,

These days, whenever the subject of inequality comes up, everyone pretty much automatically has to talk about Piketty.

James Madison and others of the founders at the Constitutional Convention worried about this, and for those who have spent their time attacking Piketty