Why We're in a New Gilded Age
Thomas Piketty, professor at the Paris School of Economics, isn't a household name, although that may change with the English-language publication of his magnificent, sweeping meditation on inequality, Capital in the Twenty-First Century. Yet his influence runs deep. It has become a commonplace to say that we are living in a second Gilded Age--or, as Piketty likes to put it, a second Belle Epoque--defined by the incredible rise of the "one percent." But it has only become a commonplace thanks to Piketty's work.