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Piketty models a world of rising prosperity and falling inequality

Original: 🇪🇺 Piketty’s new global-economy scenario asks a radical question: can prosperity rise while inequality falls? Thomas Pik

Economist Thomas Piketty and the Global Justice Project have unveiled a long-range scenario for the global economy projecting convergence toward an average monthly income of around €5,000 per person worldwide by 2100, alongside a sharp reduction in annual working hours. The model frames a radical question: whether global prosperity can grow while inequality steadily declines rather than widens.

Why now: Piketty's scenario challenges the prevailing assumption that growth necessarily deepens inequality, prompting debate about its feasibility.

Thomas PikettyGlobal Justice ProjectEuropean Union

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• 🇪🇺 Piketty’s new global-economy scenario asks a radical question: can prosperity rise while inequality falls? Thomas Piketty and the Global Justice Project model a 2100 scenario where average monthly income converges toward €5,000 per person worldwide, annual working hours fall… · EU_Economics · 5

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