Category Archives: Inequality

Capital in the Twenty-First Century – A panel with Piketty, Stiglitz and Krugman

The French economist Thomas Piketty (Paris School of Economics) discussed his new book, Capital in the Twenty-First Century at the Graduate Center. In this landmark work, Piketty argues that the main driver of inequality—the tendency of returns on capital to … Continue reading

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A global progressive tax on individual net worth would offer the best solution to the world’s spiralling levels of inequality

The issue of inequality is one of the most salient in global and European politics. Thomas Piketty writes on the economic forces which have impacted upon inequality since the end of the First World War. He argues that with disparities … Continue reading

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The New Gilded Age – La Belle Époque

Thomas Piketty, professor at the Paris School of Economics, isn’t a household name, although that may change with the English-language publication of his magnificent, sweeping meditation on inequality, Capital in the Twenty-First Century. Yet his influence runs deep. It has … Continue reading

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Piketty’s Inequality – A “wicked” problem

In the 1990s, two young French economists then affiliated with the Massachusetts Institute of Technology, Thomas Piketty and Emmanuel Saez, began the first rigorous effort to gather facts on income inequality in developed countries going back decades. In the wake … Continue reading

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Climate and Poverty: The Post-Crisis Crises

The market will not, on its own, solve any of these problems. Global warming is a quintessential “public goods” problem. To make the structural transitions that the world needs, we need governments to take a more active role – at … Continue reading

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Missing the Story: The OECD’s Analysis of Inequality

The OECD recently published a lengthy volume examining the causes of rising inequality in most wealthy countries over the last three decades. This paper examines that study, finding that the OECD misses most of the story of inequality because its … Continue reading

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The Price of Inequality

Joseph Stiglitz explains why our economic system is failing most Americans. What happened to America, land of opportunity? In his new book, Nobel Prize-winning economist Joseph Stiglitz takes up that burning question. Taking a long, hard look at the global … Continue reading

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Why economic inequality leads to collapse

The lesson of the Great Crash was that unequal enrichment provokes asset bubbles, excessive demand for debt and, finally, economic failure. Now we are painfully learning that again. During the past 30 years, a growing share of the global economic … Continue reading

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Unparalleled Levels of Inequality Is Killing Our Economy and Society

Read Leading economists agree that rampant inequality leads to unstable economies and depressions, and makes the middle and lower classes poorer. While the stereotype is that liberals care about inequality and conservatives don’t, that is actually a myth. As Canada’s … Continue reading

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