And, for the full picture it's probably important to consider that the main claim of the book is based on very unreliable data/methodology. (Though note that it

And, for the full picture it's probably important to consider that the main claim of the book is based on very unreliable data/methodology. (Though note that it does not necessarily make the claim false! See [1]) https://marginalrevolution.com/marginalrevolution/2017/10/pikettys-data-reliable.html https://marginalrevolution.com/marginalrevolution/2017/10/pi... And then later similar claims about inequality were similarly made using bad methodology (data). https://marginalrevolution.com/marginalrevolution/2023/12/the-piketty-saez-zucman-response-to-auten-and-splinter.html https://marginalrevolution.com/marginalrevolution/2023/12/th... [1] "Indeed, in some cases, Sutch argues that it has risen more than Piketty claims. Sutch is rather a journeyman of economic history upset not about Piketty’s conclusions but about the methods Piketty used to reach those conclusions."