Tax havens, 465–466, 521–524, 641n9
Tea Party, 474
Technological progress, durable, 10
Technology: return on capital and, 212–213, 216; capital-labor split and, 223–224; caprices of, 234; educational system and, 304–307
Temin, Peter, 641n3
Thatcher, Margaret, 42, 98
Thiers, Adolphe, 417, 620n46
Third Republic, 339, 344, 501–505
Time preference theory, 258–361, 613n17
Titanic (film), 152
Tobin’s Q, 190–191
Tocqueville, Alexis de, 152, 620n46
Todd, Emmanuel, 587n5, 589n20
Tolstoy, Alexei, Ibiscus, 446–447
Top marginal tax rates, 508–514, 635n14
Total income, 254–255, 263–265
Touzery, Mirelle, 636n17
Training: investment in, 22, 71; system, state of, 305–307; inequality and, 419–420
Transfers in kind, 182, 477
Transfers payments, 297–298, 477–479
Transparency: taxation and, 12, 481, 504; lack of, 328–329, 437, 473, 485, 487; progressive income tax and, 455; global tax on capital and, 515, 516, 518–521; banking information and, 521–524; public debt and, 569–570
Trente Glorieuses, 11, 15, 96–99, 411, 589n20
Troika, 553–555
Trusts, family, 451–452
Two Cambridges Debate, 230–232
“Two-thirds bankruptcy,” 129, 133
U-curve: of capital/income ratio, 23, 25, 154, 195; of capital share of income, 200, 216; of inheritances, 385, 403, 425
Unemployment insurance, 478
United States: income inequality in, 12–13, 23–25, 247–250, 256–258, 264–265; national income and, 61, 64, 66, 68; growth in, 78, 81, 96–99, 174–175, 510–511, 595n20, 639n44; employment by sector in, 91; inflation in, 107; capital in, 140, 149, 150–156; foreign capital/assets and, 151, 155–156, 194, 596–597n29, 597nn31,32; public debt of, 153; slavery in, 158–163; savings in, 177–178; explosion of inequality in, 291–296, 314–315, 323, 330–333; taxation and, 292, 473, 498–500, 505–512, 636n16; estate taxes in, 338, 349; wealth distribution in, 347–350; meritocratic beliefs in, 417; inheritances and, 427–428; universities in, 447–452, 485; taxes as share of national income, 475–476, 490; social state in, 477–479, 629n13, 630n17, 631n25. See also North America
Universities: endowments of US, 447–452, 625n23; cost of, 485–486, 631–632n29, 632nn34,35,37,38, 633nn40,41
Upper class, 250–251
Usury, prohibition of, 530–531
Valdenaire, M. 632n36
Valuables, 179–180
“Value added,” 331, 584n16, 600n30
Vanoli, André, 585n19
Vauban, Sébastien Le Prestre de, 56, 501,
590n1
Vautrin’s lesson, 238–242, 379, 404–407, 410, 412, 619n37
Veblen, Thorstein, 621n48
Velde, F., 598n7
Verdier, Thierry, 639nn45,48
Véron, Nicolas, 641n4
Victory Tax Act, 507
Volkswagen, 143
Volume effects: vs. prices effects, 176–177, 221; vs. concentration effects, 410
Von Neumann, John, 651n40
Voting: in France, 424, 622n58; collective decisions and, 569, 654n56
Wage inequality, 272–274, 287–300, 605n19; education and, 304–307; institutions and, 307–310; wage scales and minimum wage and, 310–313; inequality explosion and, 330–333; meritocratic beliefs and, 416–418
Wages: nineteenth century, 7–8, 9–10, 580n5; vs. profits, 39–40; income from, 242; mean and, 257, 289; mobility of, 299–300; minimum, 308–313, 608nn5,6,7,8,9,10
Waldenström, Daniel, 18, 344, 614n27, 628n58, 645n37
Washington Square (James), 414
Wealth: capital and, 47–50. See also Distribution of wealth; Distribution of wealth debate; Global inequality of wealth; Inequality of capital ownership; Inheritance, dynamics of; Inherited wealth; National wealth/capital; Private wealth/capital; Public wealth/capital
Wealth accumulation, 166–170; as divergent force, 23; arbitrariness of, 446; golden rule of, 563–567. See also Inequality of capital ownership
Wealth-age profile, 393–399
Wealth gap. See Inequality of capital ownership
Wealth rankings, 432–443, 623n6
Wealth tax, 424, 524, 527–530, 533, 643–644n26, 645nn38,39
Wedgwood, Josiah, 508, 638n36
Weil, Patrick, 651n34
Weir, D., 598n7
Welles, Orson, 414
Wilkins, Mira, 592n13
Williamson, Jeffrey, 600n28, 603n26
Wolff, Edward, 301, 347, 607n39,
623n8
Wong, R. Bin, 646n44
World Bank, 534
World Wars I and II, 106–107, 147–149, 153, 275, 396–398. See also Shocks
WTID (World Top Incomes Database), 17–18, 28, 268, 283, 581n25
Yale University, 447–450
Young, Arthur, 4, 225, 416, 620n44
Young, Michael, 620n45
Zacharias, Ajit, 301, 607n39
Zingales, Luigi, 639n48
Zucman, Gabriel, 19, 466, 582n31, 628n57,
640n2