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Wealth acquired by creating value for society is not equivalent to wealth that comes from economic rents. For example, a very important factor in the increasing inequality of wealth in many countries has been the increase in real estate prices.48 But the owner of a building, unlike the inventor of a new treatment for cancer, does not create value for society.

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Jean Tirole Quote: “Wealth acquired by creating value for society is not equivalent to wealth that comes from economic rents. For example, a very important factor in the increasing inequality of wealth in many countries has been the increase in real estate prices.48 But the owner of a building, unlike the inventor of a new treatment for cancer, does not create value for society.”

“Wealth acquired by creating value for society is not equivalent to wealth that comes from economic rents. For example, a very important factor in the increasing inequality of wealth in many countries has been the increase in real estate prices.48 But the owner of a building, unlike the inventor of a new treatment for cancer, does not create value for society.”

Jean Tirole

Jean Tirole Quote: “Wealth acquired by creating value for society is not equivalent to wealth that comes from economic rents. For example, a very important factor in the increasing inequality of wealth in many countries has been the increase in real estate prices.48 But the owner of a building, unlike the inventor of a new treatment for cancer, does not create value for society.”
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