Joe Stiglitz And Paul Krugman On ‘Capital In The Twenty-First Century’

Thomas Piketty

Thomas Piketty

The French economist Thomas Piketty (Paris School of Economics) discussed his new book ‘Capital in the Twenty-First Century’ at the City University of New York 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.

Capital In The Twenty-First Century


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  • TheThinkker

    How can the gap be closer? Can a government like the USA spearhead moves to do this? In what fashion? Will they when the elite possess major influence over key government officials?

    Should the rich be taxed more than the middle and lower classes since there is inequality in distribution of wealth and the opportunity to create it?

  • John Williams

    This was a very interesting presentation. The optimism of some of the speakers that the problem of inequality will at some future date be addressed in and by the United States is not shared by me. The ‘free for all’ media ownership, the unlimited political donation system and the rigid social structures of US society make the necessary changes very difficult to implement and so highly unlikely. Change is more likely to come from the developing societies which have serious problems of inequality at the moment but have enough fluidity in their systems to allow for major changes.