Dhaka, Jan. 4 -- Thomas Piketty has written a book on a subject that is familiar to many for a long time, which has of late assumed critical importance. Inequality of income associated with capitalist development of the economy has drawn attention of economists and policy makers ever since capitalism became a dominant mode of production and distribution. Because the ownership of means of productions is skewed in favour of a few, the distribution of national income has become asymmetrical in most of the countries where the regulatory regime is weak. In the age of neo-classical economics two contrasting views emerged, one held by Karl Marx and the other by Symon Kutznets, standing at opposite poles. According to Marx, the dynamic of private...