Most Popular Books by Thomas Piketty

Author and illustrator Claire Alet and Benjamin Adam adapt renowned economist Thomas Piketty's Capital and Ideology in an accessible and richly illustrated graphic novel format More than just a faithful graphic novel adaptation of Thomas Piketty's Capital and Ideology, Claire Alet and Benjamin Adam make the original work's ideas more accessible through the addition of a family saga. Jules, the main character, is born at the end of the 19th century. He is a person of private means, a privileged figure representative of a profoundly unequal society obsessed with property. He, his family circle, and his descendants will experience the evolution of wealth and society. Eight generations of his family serve as a connecting thread running through the book, all the way up to Léa, a young woman today, who discovers the family secret at the root of their inheritance. Praised by Piketty himself as a "magnificent adaptation" of his original book, this accessible graphic novel adaptation is perfect for anyone looking to understand the wealth gap and why society is the way it is today. Its friendly and approachable illustrations by cartoonist and children's book author Benjamin Adam are easy to understand without diluting the subject matter. The material is adapted expertly by Claire Alet, a former journalist at Alternatives Economiques.

This paper combines tax, survey, and national accounts data to estimate the distribution of national income in the United States since 1913. Our distributional national accounts capture 100% of national income, allowing us to compute growth rates for each quantile of the income distribution consistent with macroeconomic growth. We estimate the distribution of both pre-tax and post-tax income, making it possible to provide a comprehensive view of how government redistribution affects inequality. Average pre-tax national income per adult has increased 60% since 1980, but we find that it has stagnated for the bottom 50% of the distribution at about $16,000 a year. The pre-tax income of the middle class -- adults between the median and the 90th percentile -- has grown 40% since 1980, faster than what tax and survey data suggest, due in particular to the rise of tax-exempt fringe benefits. Income has boomed at the top: in 1980, top 1% adults earned on average 27 times more than bottom 50% adults, while they earn 81 times more today. The upsurge of top incomes was first a labor income phenomenon but has mostly been a capital income phenomenon since 2000. The government has offset only a small fraction of the increase in inequality. The reduction of the gender gap in earnings has mitigated the increase in inequality among adults. The share of women, however, falls steeply as one moves up the labor income distribution, and is only 11% in the top 0.1% today.