Will Hutton
Economist Thomas Piketty's message is bleak: the gap between rich and poor threatens to destroy us
Thomas Piketty interview: capitalism just doesn't add up
Thomas Piketty interview: capitalism just doesn't add up
Thomas Piketty has
mined 200 years of data to support his theory that capitalism does not
work. Photograph: Ed Alcock for the Observer
Suddenly, there is a new economist making waves – and he is not
on the right. At the conference of the Institute of New Economic
Thinking in Toronto last week, Thomas Piketty's book Capital in the Twenty-First Century
got at least one mention at every session I attended. You have to go
back to the 1970s and Milton Friedman for a single economist to have had
such an impact.