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Date: Feb 01, 2018

13th Manchot lecture held by Professor Thomas Piketty was a full success

It has been a great pleasure to host Professor Thomas Piketty (Paris School of Economics, École des Hautes Études en Sciences Sociales) on Thursday, January 25, 2018, for our 13th Manchot Lecture.

 

Thomas Piketty outlined his research on the dynamics of income and wealth distribution. A delighted audience followed his lecture on “Rising Inequality and Globalisation” in which he presented a number of selected historical evolutions and attempted to draw lessons for the future using the current World Inequality Report.

Following a short historical overview, he drew the conclusion that political determinants of inequality are more important than pure economic determinants. Given the facts that there is a rising inequality even within emerging countries and private wealth-income ratios seem to be returning to very high levels in rich countries, Professor Piketty stated that this wealth inequality might reach or surpass 19th century oligarchic levels.

Furthermore, he talked about the importance of establishing progressive taxation of net wealth and the need for more transparency about wealth. He concluded that there are powerful forces pushing in the direction of rising or reducing inequality; however, which one dominates depends on the institutions and policies that different societies choose to adopt. To invent new solutions, inequality regimes need to be put into a broad historical and comparative perspective and it is vital to go beyond nationalism and perceived exceptionalism.

The lecture was well received by the public, as well as by students and faculty of the Department of Economics.

You can find his presentation here

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