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Thomas Piketty Capital

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.

What's Really Wrong With Piketty's Capital?

Nancy K. Humphreys | Posted 02.18.2015 | Business
Nancy K. Humphreys

The book flunked my first test. Its index was only 15 pages, a mere 2 percent of the total book pages.

Justice in the Twenty-First Century

Tomas Hellebrandt | Posted 02.10.2015 | Politics
Tomas Hellebrandt

Making sure that the rich contribute their fair share is important. But the real political challenge in the twenty-first century will be to maintain support for the idea that the burden of achieving justice has to be shouldered by all.

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...

Piketty Has a Point

Peter Vaughn | Posted 01.10.2015 | Books
Peter Vaughn

His brilliant jump is to illustrate that the 20th century and the beginnings of the 21st are historical aberrations as the world adjusts to modern capitalism.

The Death Of The American Dream, Explained In Legos

The Huffington Post | Emily Cohn | Posted 08.20.2014 | Business

The above video featuring Richard V. Reeves, a fellow at the Brookings Institution, is part of an interactive feature that Brookings published We...

Is the Era of Big Ideas Over?

Tom Silva | Posted 10.14.2014 | Media
Tom Silva

Literally, big ideas don't stand a chance in our media environment. According to a study by the University of California, San Diego, the amount of info we receive on our mobile devices and at homes everyday takes about 15 hours to consume.

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...

Thomas Piketty: A Lot Of My Critics Haven't Even Read The Book

The Huffington Post | Alexander C. Kaufman | Posted 06.06.2014 | Business

You can’t fool Thomas Piketty -- he knows you haven’t cracked open his 700-page economics tome. But that hasn’t stopped pundits and reviewer...

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...

Why Is Capital So Much Stronger than Labor?

Jared Bernstein | Posted 08.02.2014 | Business
Jared Bernstein

I don't know the answer to these questions, but my experience as a policy wonk and economist in government has led me to believe that economics, as currently practiced, is part of the problem.

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.

The Real Piketty Scandal (Is Right-Wing Deception)

Richard (RJ) Eskow | Posted 08.01.2014 | Politics
Richard (RJ) Eskow

Conservatives in all corners of the globe must have felt their hearts sing, if only for a moment, when the Financial Times ran a piece entitled "Piketty findings undercut by errors." Sadly for them, the FT's claims proved untrue.

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....

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

Piketty in Elysium

John Feffer | Posted 07.22.2014 | Politics
John Feffer

Hollywood projects our dreams and fears. In the past our cinematic apocalypses have reflected our obsessions with nuclear holocaust and environmental degradation. We're certainly still worried about those fates -- along with pandemics and zombies -- but gross inequality now competes for our attention.

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?

Capitalists in the 21st Century: Workers Must Step Forward

Frank Islam | Posted 07.09.2014 | Business
Frank Islam

With the rare exception, however, we don't see much of an appetite from the wealthiest capitalists here in the U.S. to engage in a new form of capitalism that would "redistribute" or change the manner in which income or wealth is presently being shared.

Mark Gongloff

Piketty Is Right: These Wealthy Men Make Billions For Basically Doing Nothing | 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 Nature of Capitalism and the Challenge for the LGBT Community

Dana Beyer | Posted 07.02.2014 | Gay Voices
Dana Beyer

It's hard enough to overcome stigma and discrimination, particularly for minority populations, but when the underlying economic trends are tearing the country apart, the challenge becomes even more difficult.

The 1-Star Amazon Reviews Of Thomas Piketty's Book Are Pretty Funny

The Huffington Post | Alexander C. Kaufman | Posted 04.28.2014 | Business

Thomas Piketty seems to have stirred up a new Red Scare. His new book, Capital in the Twenty-First Century, is being hailed as the most important b...

Occupy Amazon: Elizabeth Warren, Thomas Piketty And Michael Lewis Books Surging Online

The Huffington Post | Mollie Reilly | Posted 04.28.2014 | Politics

If Amazon's top-sellers list is any indication, Americans are fed up with rising income inequality. As of Thursday evening, Sen. Elizabeth Warren'...

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...

Government = Protection Racket for the 1 Percent

Bill Moyers | Posted 06.22.2014 | Politics
Bill Moyers

And at state and local levels, while the poorest fifth of Americans pay an average tax rate of over 11 percent, the richest one percent of the country pay -- are you ready for this? -- half that rate.