Thomas Piketty turns down France’s prime honor

‘I don’t think it is up to a authorities to say who is honorable,’ French economist Thomas Piketty stated.

Economist Thomas Piketty has joined Jean-Paul Sartre and Marie Curie in turning down France’s most prestigious award, the Legion d’Honneur.

“I don’t think it’s up to a government to say who is honorable,” Piketty instructed AFP soon after he discovered that he created the list of honorees this 7 days.

Piketty is well-known for his study on cash flow inequality, which he argues is worsening.

His seven-hundred-web page guide “Money in the Twenty-Very first Century” was a bestseller very last yr. It marketed out on Amazon and invested 22 months on the New York Times listing.

“They would do greater to emphasis on reviving progress in France and Europe.” Piketty, a professor at the Paris School of Economics, stated when he declined the award. Europe is on the verge of a recession .


Warren and Piketty on the identical stage

1 of Piketty’s essential results is that wealth is currently being passed down from generation to era. He believes the United States and other nations need to have much more progressive tax methods.

His perform has been controversial. Invoice Gates, amongst other individuals, said it has ” flaws .” Piketty will experience some of his critics in a discussion this weekend at the American Financial Association’s once-a-year assembly.

Jean Tirole, a Nobel prize winner in economics for his insights on business regulation, also made France’s Legion award listing this yr.