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Thomas Piketty Capital in the 21st Century

What Happened To Link Between Profits and Productivity?

Harlan Green | Posted 05.26.2016 | Business
Harlan Green

What happened to the link between profits and productivity, on which economic growth is based? It has broken down of late, so that profits are no lon...

Government Made Our Middle Class

Harlan Green | Posted 10.26.2016 | Business
Harlan Green

Why do we seem to be the only developed country that is unable to sustain a healthy middle class, with all the benefits to economic growth that is passed on to every segment of society?

Greece's Great Depression

Harlan Green | Posted 07.09.2016 | Business
Harlan Green

This may seem facetious some six years into recovery, but many policy makers don't understand the severity of the Great Recession, or its consequences. It is the major reason why Greece, and many other Eurozone countries are in so much economic trouble at present.

Aetna CEO Asked Execs To Read Piketty, Then Gave His Lowest-Paid Workers A Raise

The Huffington Post | Emily Cohn | Posted 01.13.2015 | Business

One CEO has taken a step that could help fend off Thomas Piketty's nightmare vision of rising wealth inequality: He's giving thousands of his workers a raise.

Piketty: 'The Myth Of National Sovereignty Helps Big Corporations Screw Us Over'

The European | Max Tholl and Florian Guckelsberger | Posted 01.05.2015 | World

French economist Thomas Piketty has put inequality back on the map and is being hailed as the Karl Marx of the 21st century. He talked to Max Tholl an...

The Next Big Social Idea: Unconditional Basic Income

Mathew Schmid | Posted 02.21.2015 | World
Mathew Schmid

In 2014, serious voices from Pope Francis to Thomas Piketty, in his book Capital in the 21st Century, have lamented ever-widening inequality. Others have expressed concern that "the second machine age" of digital technologies will entail the massive elimination of jobs.

Mark Gongloff

Top FT Editor Lambasts Piketty's Book Just Before FT Names It Book Of The Year

HuffingtonPost.com | 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."

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...

The Party of Denial

Robert Kuttner | Posted 08.01.2014 | Politics
Robert Kuttner

Can the right continue to succeed as the party of unreality? In the recent past, conservatives have denied climate change, as well as evolution. Now, their strategy is to deny the reality of increasing concentration of income and wealth. When Thomas Piketty's book appeared, providing new documentation on increasing capital concentration, the right was temporarily thrown off guard. Some resorted to the claim that inequality was, by definition, earned, and necessary to produce incentives in a capitalist system. But somehow, our market economy did just fine -- better in fact -- back in the 1950s and 1960s with far lower levels of inequality. And much of Europe matches our growth rates with far less inequality. Others simply denied that inequality has been increasing.

Economists Rip Apart FT's Piketty Takedown

The Huffington Post | Mark Gongloff | Posted 05.27.2014 | Business

It took one long weekend and several blog posts, but the world's top economic minds have determined that yes, in fact, inequality is still a problem....

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

HuffingtonPost.com | 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...

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

Will the Rich Always Get Richer?

Laurence J. Kotlikoff | Posted 07.19.2014 | Business
Laurence J. Kotlikoff

Extreme private wealth inequality is a fact of economic life in most countries. The U.S. is a prime example. The top 1 percent of wealth holders own almost 40 percent of all wealth. And the top 10 percent hold almost 90 percent. What should we make of this?

Piketty Never Actually Read Marx's 'Das Kapital'

The Huffington Post | Kevin Short | Posted 05.06.2014 | Business

French economist Thomas Piketty is distancing himself from Karl Marx, the 19th century economist many compare him to. In an interview with The New Rep...

Mark Gongloff

Piketty Is Right: These Wealthy Men Make Billions For Basically Doing Nothing

HuffingtonPost.com | Mark Gongloff | Posted 05.06.2014 | Business

In the future foretold by French economist Thomas Piketty, the rich will keep getting richer by doing basically nothing, living off the income generat...

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...