What was the good of industrial development, what was the good of all the technological innovations, toil, and population movements if, after half a century of industrial growth, the condition of the masses was still just as miserable as before, and all lawmakers could do was prohibit factory labor by children under the age of eight?
Thomas PikettyI 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.
Thomas PikettyI loved American universities. In many ways, they are better organized - certainly than French universities.
Thomas Piketty