Thomas Piketty Biography

French economist Thomas Piketty is an expert in the study of economic inequality. He is the author of "Capital in the Twenty-First Century," he is still the director of studies at the École des Hautes études en sciences Sociales (EHESS), and he now holds the associate chair at the Paris School of Economics. Piketty was born in Clichy, close to Paris, on May 7, 1971. After completing scientific prep courses and earning a C-stream (scientific) Baccalauréat, he enrolled in the École Normale Supérieure (ENS) at the age of 18 to study economics and mathematics. Piketty received his Ph.D. at the age of 22 for a thesis on wealth redistribution that he had prepared at the EHESS and the London School of Economics under Roger Guesnerie's guidance. Following the completion of his thesis, Piketty worked as an assistant professor at the MIT Economics Department from 1993 to 1995. He began working as a researcher at the French National Center for Scientific Research (CNRS) in 1995, and in 2000 he was named the school's head of studies (EHESS). He spent three years founding the Paris School of Economics, and from late 2006 to early 2007, he served as its inaugural director. But he swiftly quit because, in his own words, he had already made up his mind to back Ségolène Royal in the French presidential election, which had violated his neutrality requirement. Since 2007, Piketty has resumed his teaching duties at the Paris School of Economics, where he now serves as Associate Chair. Piketty has written extensively about economic inequality, including both theoretical and normative topics. He initially used a historical and statistical approach in the late 1990s. According to Piketty's research, France's wage disparities significantly decreased throughout the 20th century, primarily following World War II. This was mostly caused by a decline in estate inequality, while wage inequality held steady. According to Piketty, the decline came about as a result of the post-war significant increase in the progressivity of the income tax, which changed the dynamics of estate accumulation by lowering the surplus cash available for saving by the richest people. Two of the 2012 FP Top 100 Global Thinkers were Piketty and Saez, who were recognized "for generating the graph that obsessed Wall Street." Piketty occasionally contributes op-eds to Le Monde and writes columns for Libération.

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