I don't think there is any serious evidence that we need to be paying people more than 100 times the average wage in order to get high-performing managers.

There is one great advantage to being an academic economist in France: here, economists are not highly respected in the academic and intellectual world or by political and financial elites. Hence they must set aside their contempt for other disciplines and their absurd claim to greater scientific legitimacy, despite the fact that they know almost nothing about anything.

The principal mechanism for convergence at the international as well as the domestic level is the diffusion of knowledge.

The U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and 20s.

I don't think there is any serious evidence that we need to be paying people more than 100 times the average wage in order to get high-performing managers.

Without precisely defined sources, methods, and concepts, it is possible to see absolutely everything and its opposite.

When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.