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Piketty outlines scenario of rising prosperity with 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 modelled a long-term global-economy scenario reaching to 2100 in which average monthly income converges toward €5,000 per person worldwide while annual working hours fall. The core question posed is whether prosperity can rise across the globe while inequality simultaneously declines, a combination the model presents as achievable.

Why now: Piketty's provocative claim that global prosperity and reduced inequality can rise together is sparking debate among economists and EU-focused audiences.

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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