Capital in the Twenty-First Century
By The Graduate Center, CUNY - Published on Apr 23, 2014
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 inequalitythe tendency of returns on capital to exceed the rate of economic growththreatens 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.
The introductions end and Picketty begins at 9:31.