The Heirs of Inequality

ROME – It has long been known that spurts of rapid economic growth can increase inequality: China and India are the latest examples. But might slow growth and rising inequality – the two most salient characteristics of developed economies nowadays – also be connected?

That is the intriguing hypothesis of a recent study by the French economist Thomas Piketty of the Paris School of Economics. Piketty has done some of the most important work on inequality in recent years.