After Piketty: A Capitalist Manifesto
Past Events / Videos
Public lecture delivered by Christopher DeMuth | 12th June 2014
In one of the most controversial books on economics for at least a decade, Capital in the Twenty-First Century, the French economist Thomas Piketty argued that the tendency of returns on capital to exceed the rate of economic growth will increase inequality, stir discontent and undermine democracy. His book has stirred both admiration and controversy, including a sustained critique in the Financial Times and a stout defense in the Economist, on both sides of the Atlantic.
In the wake of the controversy, Christopher DeMuth, a former U.S. presidential advisor and president of the American Enterprise Institue, admires Piketty’s historical survey of how wealth has replaced poverty at different times and places. He examines what are the conditions for sustained economic growth and to what extent they either limit or encourage wealth creation. He seeks also to define the limits of the benign economic intervention by the state proposed by Piketty and his admirers.
Christopher DeMuth is widely credited for having transformed the reputation and fortunes of the American Enterprise Institute as its president, eliminating millions in debt and establishing it as an intellectual powerhouse. During the Reagan presidency Mr DeMuth was head of the Presidential Task Force on Regulatory Relief, an appointment which led to his being dubbed ”Reagan’s deregulation czar”. He is presently a distinguished fellow at the Hudson Institute in Washington DC.
This event took place on 12 June 2014 and was co-organized by the Danube Institute and the Department of Economic Policy of the COrvinus Univeristy Budapest.
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