Sunday 28 May 2017

Super-rich commit a capital offence by hoarding wealth

'Ill fares the land to hastening ills a prey; where wealth accumulates and men decay'. If Oliver Goldsmith were a modern poet, he would be a candidate for a Nobel prize. And it might be for economics.

That is the prospect they are holding out for Thomas Pikkety, the personable young French economist whose book, Capital in the 21st Century, is perhaps the most surprising US best-seller of all time.

You've probably heard of it by now. With over 700 pages of mostly historical data it can hardly be the content which explains its success. It must be the topic.

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