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It’s clearly the case for since the 70s as well.

In an interview, Nobel prize-winning economist Joseph Stiglitz (who served under Bill Clinton) criticized Piketty [0] of overemphasizing the increase in concentration of wealth, and this was on the basis that the current increase in wealth stems from an increase in land value.

[0] https://www.salon.com/2015/01/02/joseph_stiglitz_thomas_pike...



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