For far too long economists have sought to define themselves in terms of their supposedly scientific methods. In fact, those methods rely on an immoderate use of mathematical models, which are frequently no more than an excuse for occupying the terrain and masking the vacuity of the content.
Thomas PikettyIt's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth.
Thomas PikettyWealth is so concentrated that a large segment of society is virtually unaware of its existence.
Thomas PikettyThe democratic ideal has always been related to a moderate level of inequality. I think one big reason why electoral democracy flourished in 19th century America better than 19th century Europe is because you had more equal distribution of wealth in America.
Thomas Piketty