Inequality in America has risen since the 1980s, but robust democratic institutions can turn this trend around.
According to economist Thomas Piketty, the debate over whether it's better to raise or lower taxes is pointless if a government does not invest in growth and infrastructure.
Economist Thomas Piketty delves into several common misconceptions about free market economics and argues that strong public institutions are necessary for market regulation.
Higher and more equitable growth in the United States requires more public support for higher education, argues economist and best-selling author Thomas Piketty.
Thomas Piketty is Professor of Economics at the Paris School of Economics and author of the landmark 2013 book Capital in the Twenty-First Century. He is the author of numerous articles published in journals such as the Quarterly Journal of Economics, the Journal of Political Economy, the American Economic Review and the Review of Economic Studies, and of a dozen books. He has done major historical and theoretical work on the interplay between economic development and the distribution of income and wealth. In particular, he is the initiator of the recent literature on the long run evolution of top income shares in national income (now available in the World Top Incomes Database). These works have led to radically question the optimistic relationship between development and inequality posited by Kuznets, and to emphasize the role of political and fiscal institutions in the historical evolution of income and wealth distribution.