13 Matching Annotations
  1. Sep 2022
    1. The second is the fact that, formany persons, the tasks of critical scholarship arenot without their charm; nearly every one findsin them a singular satisfaction in the long runand some have confined themselves to these taskswho might, strictly speaking, have aspired to higherthings.

      what about people who may have been on the spectrum, and naturally suited to these endeavors, but who may have wished to hide from the resultant fame or notoreity? Those researchers surely existed in the past.

      What about the quickening of these research databases in the digital era that allow researchers like Thomas Piketty to do work on the original sources, but still bring them into a form that allows the analysis and writing critically about them over the span of their own lifetimes? How many researchers are there like this?

  2. Jul 2022
    1. en inequality is declining worldwide. It is true that inBritain and America income equality, which had beenimproving for most of the past two centuries (British aristocratswere six inches taller than the average in 1800; today they areless than two inches taller), has stalled since the 1970s.

      Matt Ridley cites a lot of statistics in The Rational Optimist to indicate that inequality has been declining worldwide, though he doesn't do it as convincingly or as well cited as Thomas Piketty does in A Brief History of Equality.

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  3. Jun 2022
    1. Those who are born today are not individu-ally responsible for this burdensome heritage, but we are all respon-sible for the way in which we choose or fail to take it into account inanalyzing the world economic system, its injustices, and the needfor change.

      burdensome heritage [of slavery and colonialism]

  4. May 2022
    1. Tables and Illustrations for A Brief History of Equality available here: https://www.hup.harvard.edu/supplementary/a-brief-history-of-equality/

      This PDF of tables and illustrations is being made available as a supplement to the audio book format of Thomas Piketty’s A Brief History of Equality as published by Harvard University Press, 2022.

    2. Piketty, Thomas. A Brief History of Equality. Translated by Steven Rendall. Harvard University Press, 2022. https://www.hup.harvard.edu/catalog.php?isbn=9780674273559.

    1. The Age of Surveillance Capital is a striking and illuminating book. A fellow reader remarked to me that it reminded him of Thomas Piketty’s magnum opus, Capital in the Twenty-First Century, in that it opens one’s eyes to things we ought to have noticed, but hadn’t.

      Of course it doesn't hurt that both its size and the cover art are both reminiscent of the book as well.

  5. Sep 2021
    1. He reiterates his thesis that inequality self-corrects, thanks to the instability it engenders. Left on their own, market economies collapse, torn apart by the bill for guards to defend lenders' fortunes, the bill for interest payments that enrich lenders.

      Thomas Piketty indicates that inequality self-corrects when market economies collapse, an inevitable function of the inability to guard against lenders' fortunes when the inequality becomes too great.

    2. This fundamental truth (expressed in economic notation as r > g, or "return on capital is greater than economic growth") means that "meritocracy" is a lie: the richest people in a market economy aren't the people who do the best work, it's the people who started off rich.

      Thomas Piketty's r > g shows that meritocracy is a lie in that the richest people aren't the ones that do the best or most productive work, but simply those who start of rich.

    3. Piketty concludes that no matter how fast an economy is growing – no matter how productive its makers are – that wealth grows faster, making the takers who financed growth even richer than the people whose work is propelling the economy.
    4. Piketty, of course, is the bestselling French economist whose 2013 Capital in the 21st Century was an unlikely, 700+ page viral hit, describing with rare lucidity the macroeconomics that drive capitalism towards cruel and destabilizing inequality https://memex.craphound.com/2014/06/24/thomas-pikettys-capital-in-the-21st-century/

      Great summary of Piketty's book.