During most of human history, the gross fight was close to zerot. The only time in history where you observe a gross rate of five % is when countries are catching up with countrye. In any case, there are reasons to believe that we might again havenin for centuries, i hi, inequality f in developed countries.
Thomas Piketty of the Paris School of Economics and author of Capital in the Twenty-First Century talks to Econtalk host Russ Roberts about the book. The conversation covers some of the key empirical findings of the book along with a discussion of their significance.