Thomas Piketty Quotes
These Findings Stand In Sharp Contrast To The Belief In "American Exceptionalism" That Once Dominated US Sociology, According To Which Social Mobility In The United States Was Exceptionally High Compared With The Class-bound Societies Of Europe. No Doubt The Settler Society Of The Early Nineteenth Century Was More Mobile. As I Have Shown, Moreover, Inherited Wealth Played A Smaller Role In The United States Than In Europe, And US Wealth Was For A Long Time Less Concentrated, At Least Up To World War I. Throughout Most Of The Twentieth Century, However, And Still Today, The Available Data Suggest That Social Mobility Has Been And Remains Lower In The United States Than In Europe.
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