Bookmarker is a personal project by @dellsystem to help with retaining reading material. Source on GitHub.

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vertiginous

largely responsible for the vertiginous increase in the top centile’s share of wealth in Britain and France during the Belle Époque.

r > g

—p.362 Merit and Inheritance in the Long Run (337) by Thomas Piketty
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lacuna

In addition, there are serious lacunae in German tax rec ords, owing in large part to the country’s turbulent history in the twentieth century

—p.325 Inequality of Labor Income (304) by Thomas Piketty
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on institutionalised meritocracy archive/so478 topic/meritocracy

[...] The institutionalized meritocratic system helps a few to gain access to positions they merit and from which they might otherwise be barred. But it allows many more to gain access to positions on the basis of ascribed status under the cover of having gained this access by achievement.

—p.133 Historical Capitalism with Capitalist Civilization A Balance Sheet (113) by Immanuel Wallerstein
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