Thomas Piketty

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House prices nationally have risen  50%  since the trough of 2013, while rents are up over 80%  since 2010

In 1980, housing accounted for just 7 per cent of household expenditure in the Republic. By 2016, this had increased to 20 per cent, equating to an es(...)

Ireland has largely bucked the trend towards income inequality seen in other countries such as the UK and the US

Household incomes in the Republic have grown rapidly by international standards over the past 30 years, more than doubling since 1987, a study by the(...)

A statue of German philosopher, economist, political theorist and sociologist Karl Marx is placed on its plinth in his birthplace of Trier, Germany. Photograph: Harald Tittel/AFP/Getty

His view over Brussels’s magnificent Grand Place from La Maison du Cygne was a vivid architectural representation of what he was trying to write. Hist(...)

Winning ways: Emmanuel Macron at his victory rally in Paris after being elected president, in May 2017. Photograph: Patrick Kovarik/AFP/Getty

President Emmanuel Macron likes to convince people. In manner and method, he is unlike his predecessors. Nicolas Sarkozy cajoled and bullied. François(...)

Stock market success: investors have benefited from returns that nobody could have predicted. Photograph: Lucas Jackson/Reuters

The consequences of income inequality are all too obvious, not least in the rise of populism. Eastern Europe is the latest worry: some analysts regard(...)

The housing valuations used for property tax purposes have been frozen at their 2013 level, even though average house prices have risen by almost two-thirds since then.

While income is unevenly distributed, wealth is even more so, according to the latest European Union data. This is despite the fact that wealth is not(...)

Manual labour: Poor EU citizens “are likely to migrate to richer member states to improve their income chances”. But the pressures to migrate to wealthier countries “may have political effects in receiving states, with the rise of anti-immigrant sentiment”. File photograph: Getty Images

It sounded strange coming from a banker, not just any banker, but a central banker. However, European Central Bank (ECB) president Mario Draghi’s mes(...)

According to Thomas Piketty, if the rate of profit (r) is greater than growth (g), the income of the most advantaged will accelerate faster than average income from work. Photograph: Jason Reed/Reuters

Very few equations, especially from the so-called dismal science, have appeared on T-shirts. There was a rare instance, not long ago, when the formula(...)

As bank-bashing subsides - nine years after the collapse of Lehman Brothers - there may be a push to slow down or unwind rules designed to curb the financial world’s excesses

They were called public enemies. They were strung up in effigy during protests in London and New York. Their behaviour spurred an outcry that changed(...)

Trump supporters after the election. Half of all Americans have seen no real income increases since the 1970s. Photograph: Doug Mills/The New York Times

Mark Carney, governor of the Bank of England, is that rarest of creatures: a fascinating central banker. Brexiteers hate him because of his prediction(...)

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