Thomas Piketty joins two Nobel Prize winners and other scholars to discuss his book Capital in the Twenty-First Century.
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 exceed the rate of economic growth—threatens to generate extreme inequalities that stir discontent and undermine democratic values. He calls for political action and policy intervention. Joseph Stiglitz (Columbia University), Paul Krugman (Princeton University), and Steven Durlauf (University of Wisconsin–Madison) participated in a panel moderated by LIS Senior Scholar Branko Milanovic. The event was introduced by LIS Director Janet Gornick, professor of political science and sociology at the Graduate Center.
Cosponsored by the Luxembourg Income Study Center and the Advanced Research Collaborative.
On the Bill Moyers show, Economist Paul Krugman explains how the United States is becoming an oligarchy – the very system our founders revolted against. The discussion is focused on the work of Thomas Piketty, and includes a mention of the recent paper on oligarchy in the US by Martin Gilens, and Benjamin I. Page.
Mark Blyth: Austerity – The History of a Dangerous Idea is one of the best lectures on political economy, explaining the historic role of public debt, that I’ve heard. The beginning is slightly tedious, as it’s hardcore economics, but it gets much better as Blyth explains the economic crisis and the politics behind austerity.