iOS app Android app


Zach Carter

Republicans Push $269 Billion Handout For Millionaire Heirs And Heiresses | Zach Carter | Posted 04.14.2015 | Politics

WASHINGTON -- House Republicans this week will vote to hand the heirs and heiresses of America's largest fortunes a $269 billion tax break by repealin...

Show This Chart To The Next Person Who Isn't Worried About Income Inequality

The Huffington Post | Emily Cohn | Posted 01.20.2015 | Business

If you find it hard to grasp just how unequal the global economy is, here's one stat that should put it all in perspective: The richest 80 people on E...

Economist Thomas Piketty Meets With Argentine President Cristina Fernández de Kirchner

The Huffington Post | Igor Bobic | Posted 01.18.2015 | Politics

French economist Thomas Piketty met with Argentine President Cristina Fernández de Kirchner on Saturday, according to the Buenos Aires Herald. The...

Mark Gongloff

Top FT Editor Lambasts Piketty's Book Just Before FT Names It Book Of The Year | Mark Gongloff | Posted 11.13.2014 | Business

The Financial Times has declared that Thomas Piketty's Capital In The Twenty-First Century is the best business book of the year, which kinda-sorta m...

Not Many People Got Past Page 26 Of Piketty's Book

The Huffington Post | Emily Cohn | Posted 07.07.2014 | Business

No one is actually reading the "most important book of the twenty-first century." Thomas Piketty's "Capital in the Twenty-First Century," a 700-pa...

Reading Piketty in Peking: The Case Against Capitalist Inequality in Communist China

Ping Chen | Posted 08.29.2014 | World
Ping Chen

Piketty's concerns are relevant to the growing inequality in China that has resulted from adopting the neo-liberal capitalist model from the West. Hence, Piketty's reflection on mainstream Western economics indirectly treads a delicate ground in China. It fits right into the current raging debate over which path China's reformers should take in the next stage of "structural reform."

How Thomas Piketty and Elizabeth Warren Demolished the Conventional Wisdom on Debt

Sean McElwee | Posted 08.24.2014 | Politics
Sean McElwee

According to the prevailing story, debt is caused by lavish and irresponsible spending by poor and middle-class families. But like much "conventional wisdom," an increasing amount of evidence belies this point.

Inequality and the Nature of Capital: A Reminder to Economists

Chandran Nair | Posted 08.23.2014 | World
Chandran Nair

For the rest of the world, much of which has experienced the truly heinous inequalities associated with the colonialism that so enriched the West, the discussion is old hat. Many countries are only recently recovering from the effects of plundering, destruction of social and cultural institutions and resource extraction. Ironically, the realm of finance now labels these nations as "emerging markets." And yet Piketty's analysis is framed exclusively by western historical experience and thus unfortunately ignores the context in which western wealth creation occurred, despite the fact that many seek to perpetuate and emulate it today.

Reading Piketty in India

Jehangir S. Pocha | Posted 08.16.2014 | World
Jehangir S. Pocha

Addressing inequality shouldn't be about penalizing the rich. It shouldn't be about reviving discredited socialist economic ideas from the 1970s in 21st century European think tanks. It should be about fixing the policies and practices that cause inequality.

America's New Wealthy Have so Little to Offer Society

Sean McElwee | Posted 08.10.2014 | Politics
Sean McElwee

Today, instead, we have a wealthy class with the culture of new money and innovativeness of old money (i.e., rather little of either). This new rentier class, with little to offer society, subsists largely on legalized grift or, in economic terms, rent.

The Piketty Pontiff: How Pope Francis Is Bringing Catholicism Back to Its Anti-Inequality Roots

Sean McElwee | Posted 08.08.2014 | Politics
Sean McElwee

The intellectual terrain that the Catholic Church now navigates is far different from now than it was even a few short years ago. Thomas Piketty's "Capital in the 21st Century" is on the top of Amazon's best-seller lists, and Francis is on his way to becoming one of the most popular popes in history.

The Ultimate Guide to Shutting Down Conservative Anti-Piketty Hysteria

Sean McElwee | Posted 08.09.2014 | Politics
Sean McElwee

When the right drops the C-bomb, the M-bomb and S-bomb all at once, you can be certain a book is having an impact. And "Capital" may well be the "General Theory" of the first half of the 21st century, redefining the way we think about capitalism, democracy and equality.

Big Bank Explains To Rich People How To Profit Off Inequality

The Huffington Post | Mark Gongloff | Posted 06.02.2014 | Business

On Wall Street, the debate about wealth inequality is all but over, except for finding ways to make tons of money from it. The rich are going to ke...

Thomas Piketty: Attack On My Work Is 'Just Ridiculous'

The Huffington Post | Emily Cohn | Posted 05.27.2014 | Business

A recent analysis alleging that Thomas Piketty's groundbreaking data on inequality contains errors is "just ridiculous," according to the French econo...

Mark Gongloff

Thomas Piketty's Inequality Data Flawed, Financial Times Claims | Mark Gongloff | Posted 05.23.2014 | Business

What is it with economists and spreadsheets? Another monumental work of economic research may have big data errors, if a new report by the Financial T...

Arguing Taxes, Transfers, and Market Outcomes

Jared Bernstein | Posted 07.22.2014 | Business
Jared Bernstein

Scott Winship is one of a number of analysts who criticize Thomas Piketty's work for focusing largely on market incomes, thus leaving out the impact of taxes and transfer payments. Include those sources, these critics assert, and trends appear considerably more favorable than Piketty's data show.

The Central Contradiction of Capitalism that Piketty Overlooked

John Fullerton | Posted 07.22.2014 | Business
John Fullerton

While it is true that the long-term dynamics of unequal wealth distribution are indeed unsustainable and unconscionable, a reality much less obvious is buried in the data

The Flurry of Minimum- and Living-wage Initiatives

John Tepper Marlin | Posted 07.20.2014 | Business
John Tepper Marlin

Why are we seeing a surge of momentum for higher minimum wages, a living wage and limits to executive compensation?

Why Wages Are Low and Unemployment Is High - Tech vs. Toil

Bob Swarup | Posted 07.07.2014 | Business
Bob Swarup

Long tech and short toil will fuel growth tomorrow, but whether we are able to stomach the journey today is far more unclear. The impact of the unfolding clash between technology and toil will be bruising in the shorter term. Its resolution will be critical to the future of economic growth.

Thomas Piketty: Extreme Income Inequality Is 'Completely Useless'

AP | BERNARD CONDON and CHRISTOPHER S. RUGABER and JOSH BOAK | Posted 04.25.2014 | Business

NEW YORK (AP) — If you'd like to live in Downton Abbey, the good news is that our economy has entered a second Gilded Age of opulence and elegance. ...

The One Chart That Explains Our Grim Economic Future

The Huffington Post | Mark Gongloff | Posted 04.23.2014 | Business

If you're looking for somebody to blame for rising inequality, blame babies. Or, rather, the fact that there soon won't be enough of them. A drop-o...