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ba34e03
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In North America, there is no nostalgia for the postwar period, quite simply because the Trente Glorieuses never existed there: per capita output grew at roughly the same rate of 1.5-2 percent per year throughout the period 1820-2012. To be sure, growth slowed a bit between 1930 and 1950 to just over 1.5 percent, then increased again to just over 2 percent between 1950 and 1970, and then slowed to less than 1.5 percent between 1990 and 2012..
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Thomas Piketty |
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To be sure, it would be a mistake to underestimate the importance of the intuitive knowledge that everyone acquires about contemporary wealth and income levels, even in the absence of any theoretical framework or statistical analysis. Film and literature, nineteenth-century novels especially, are full of detailed information about the relative wealth and living standards of different social groups, and especially about the deep structure of..
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Thomas Piketty |
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Democracy will never be supplanted by a republic of experts - and that is a very good thing.
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Thomas Piketty |
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Broadly speaking, the rise of the supermanager is largely an Anglo-Saxon phenomenon.
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Thomas Piketty |
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The tragedy is that Trump's program will only strengthen the trend towards inequality.
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Thomas Piketty |