Famous Birthdays·May 7·Thomas Piketty
Thomas Piketty

FRThomas Piketty

He turned a dense, data-driven book on wealth inequality into a global conversation that reshaped economic and political debate.

Born 1971 (age 55)·French economist·Birthday: May 7·Generation X

Photo: Gobierno de Chile · CC BY 2.0

Biography

Thomas Piketty emerged not from the old guard of economics, but as a data archaeologist for capitalism. Born in 1971, the French economist spent decades building a monumental historical dataset on income and wealth. His work, culminating in the 2013 tome 'Capital in the Twenty-First Century', delivered a stark and simple argument: when the rate of return on capital outpaces economic growth, inequality inevitably deepens. The book, a surprise international bestseller, armed a generation with the historical evidence to question the natural order of modern economies. Piketty, a professor at the Paris School of Economics, became the unlikely face of a renewed focus on inequality, pushing his ideas beyond academic journals into the heart of political discourse and inspiring both fervent support and intense critique.

Generation X

1965–1980

The latchkey kids. Raised during divorce, recession, and the end of the Cold War. Skeptical, self-reliant, media-literate. They invented indie culture, grunge, and the early internet — then watched the Boomers take credit.

Thomas was born in 1971, placing them squarely in the Generation X. The events that shaped this generation — economic uncertainty, the end of the Cold War, and the rise of personal computing — shaped the world they entered and the choices available to them.

#1 When Thomas Was Born

The biggest hits of 1971

#1 Movie

Fiddler on the Roof

Best Picture

The French Connection

#1 TV Show

Marcus Welby, M.D.

Thomas's Life & Times

The world at every milestone

1971Born

Voting age lowered to 18 in the US

Gas: $0.36/galHome: $18,100Min wage: $1.60/hrPresident: Richard Nixon"Joy to the World" — Three Dog NightBest Picture: The French Connection
1976Started school

Apple Computer founded; US bicentennial

Gas: $0.59/galHome: $29,300Min wage: $2.30/hrPresident: Gerald Ford"Silly Love Songs" — WingsBest Picture: Rocky
1984Became a teenager

Apple Macintosh introduced

Gas: $1.13/galHome: $59,800Min wage: $3.35/hrPresident: Ronald Reagan"When Doves Cry" — PrinceBest Picture: Amadeus
1987Could drive

Black Monday stock market crash

Gas: $0.90/galHome: $72,400Min wage: $3.35/hrPresident: Ronald Reagan"Walk Like an Egyptian" — The BanglesBest Picture: The Last Emperor
1989Could vote

Berlin Wall falls; Tiananmen Square protests

Gas: $1.00/galHome: $79,100Min wage: $3.35/hrPresident: George H.W. Bush"Look Away" — ChicagoBest Picture: Driving Miss Daisy
1992Turned 21

LA riots after Rodney King verdict

Gas: $1.13/galHome: $84,300Min wage: $4.25/hrPresident: George H.W. Bush"End of the Road" — Boyz II MenBest Picture: Unforgiven
2001Turned 30

September 11 attacks transform the world

Gas: $1.46/galHome: $126,400Min wage: $5.15/hrPresident: George W. Bush"Hanging by a Moment" — LifehouseBest Picture: A Beautiful Mind
2011Turned 40

Osama bin Laden killed; Arab Spring sweeps the Middle East

Gas: $3.53/galHome: $138,400Min wage: $7.25/hrPresident: Barack Obama"Rolling in the Deep" — AdeleBest Picture: The Artist
2021Turned 50

January 6 Capitol breach; COVID vaccines roll out globally

Gas: $3.01/galHome: $298,900Min wage: $7.25/hrPresident: Joe Biden"Levitating" — Dua LipaBest Picture: CODA
2026Age 55 today
Gas: $3.91/galPresident: Donald Trump

Key Achievements

  • Authored 'Capital in the Twenty-First Century', a global bestseller that fundamentally shifted public debate on economic inequality.
  • Co-founded the Paris School of Economics (PSE), a leading European center for research and graduate education.
  • Pioneered the use of extensive historical tax data to analyze long-term trends in wealth distribution.
  • His work heavily influenced policy discussions around wealth taxes and progressive taxation worldwide.
  • Serves as a professor at the School for Advanced Studies in the Social Sciences and the London School of Economics.

Did You Know?

He completed his PhD at 22 years old, and became a full professor at 27.

Piketty initially believed in the standard economic models of convergence, but his own data convinced him they were wrong.

He briefly worked as an advisor to French Socialist presidential candidate Ségolène Royal in 2007.

The success of his book led to him being named one of Time magazine's 100 most influential people in 2015.

“When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.”

— Thomas Piketty

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