New York University Public Law and Legal Theory Working Papers

Document Type



Tax Law Review, Vol. 68, No. 3, 2015


In the Conclusion to Capital in the Twenty-First Century Thomas Piketty issues a call for a political and historical economics. Like Marx and the political economists before him, Piketty is interested in how markets work because he is interested in the rights and wrongs of institutional, especially legal, design. His is book is guided by a clear sense that economic inequality, especially inequality of wealth, raises serious prima facie problems of social justice. This essay is a critical investigation into the political morality underlying Capital in the Twenty-First Century that unravels and evaluates the different ways in which economic inequality may or may not matter.

Date of Authorship for this Version



inequality, Piketty, social justice