Anyone thinking about democracy and capitalism today needs to take account of Thomas Piketty’s monumental book, Capital in the 21st Century. There lots of similarities between his argument and the one I make in my most recent HBR article. We both look squarely at the same phenomenon — income inequality — and have similar interpretations and I am thrilled at the huge positive impact that he has had on this important issue.

Read the full article at HBR.org.