'Belle Époque' in Capital in the Twenty-First Century

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conventionally dated from the end of the Franco-Prussian War in 1871 to the outbreak of World War I in 1914; characterized by optimism, regional peace, economic prosperity, apex of colonial empires and technological, scientific and cultural innovations

The total income hierarchy is then dominated by very high incomes from capital, especially inherited capital. This is the pattern we see in Ancien Régime France and in Europe during the Belle Époque,

on a "hyperpatrimonial society" (or "society of rentiers")

—p.264 Inequality and Concentration: Preliminary Bearings (237) by Thomas Piketty

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8 years, 11 months ago

Belle Époque (fr)

Capital in the Twenty-First Century
by Arthur Goldhammer, Thomas Piketty

Capital in the Twenty-First Century
by Arthur Goldhammer, Thomas Piketty

Capital in the Twenty-First Century
by Arthur Goldhammer, Thomas Piketty

Belle Époque (fr)

Capital in the Twenty-First Century by Arthur Goldhammer, Thomas Piketty

Capital in the Twenty-First Century by Arthur Goldhammer, Thomas Piketty

Capital in the Twenty-First Century by Arthur Goldhammer, Thomas Piketty

Capital in the Twenty-First Century
by Arthur Goldhammer, Thomas Piketty

Capital in the Twenty-First Century
by Arthur Goldhammer, Thomas Piketty

Capital in the Twenty-First Century
by Arthur Goldhammer, Thomas Piketty