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Latest Finance News related to Thomas Piketty

British PR firm Bell Pottinger apologizes for South Africa campaign image
Source : Guardian [Read Article] Monday 10th of July 2017 07:42:03 PM
....Eleven days later, a user called Oakbay Rep edited the page to make the suggested changes. Twenty-three years after Nelson Mandela became president, economic inequality between the races remains stark, and according to the economist Thomas Piketty, has in some ways increased since the end of apartheid. ...
The study that shows life is a lot more unequal than you (probably) think image
....Perceptions of inequality have a profound impact, because people aren't very good at judging the reality for themselves. The lack of credibility of this assumption suggests a range of research on inequality needs to be revisited, including Thomas Piketty’s famous theory that the actual level of social mobility in a country is related to people’s support for redistribution; the Indonesia results imply it should in fact be the perceived level of social mobility. ...
Could citizens’ wealth funds halt the dominance of the financial elite? image
.... Because of such concentration, the substantial returns that stem from wealth (in dividends, rent and interest ) accrue almost wholly to the already rich. In contrast to this built-in inequality escalator – what the French economist Thomas Piketty calls a “fundamental force for divergence” – citizens’ funds offer a new counter-force for convergence. ...
The Guardian view on the economy: it’s bad | Editorial image
Source : Guardian [Read Article] Wednesday 17th of May 2017 06:48:00 PM
.... Indeed, one reason for Mrs May’s U-turn over holding a snap election is likely to have been the naked political calculation that this is as good as it gets for a while. Britain’s recent experience seems to support what Thomas Piketty predicted in his bestselling book Capital in the 21st Century, namely that in an era of slow growth the owners of capital will fare better than those who rely on their wages and salaries to generate higher living standards. ...
Why Donald Trump can't bully China on trade image
Source : Guardian [Read Article] Thursday 9th of February 2017 11:35:27 AM
.... Rejecting it only opens the door to Chinese economic dominance across the Pacific. US populists, perhaps inspired by the writings of Thomas Piketty, seem unimpressed by the fact that globalisation has lifted hundreds of millions of desperately poor people in China and India into the global middle class. ...
It’s time to rewrite the rules of economics to end the growing chasm of inequality  | Liam Byrne image
.... While wages for the highly skilled, such as graduates, have been flat since 2008, a degree remains the key determinant of a middle-class income. Thanks to Thomas Piketty and his colleagues, we also know that today’s kings are asset owners, not wage earners. ...
Tax havens have no economic justification, say top economists image
Source : Guardian [Read Article] Sunday 8th of May 2016 11:01:20 PM
. More than 300 economists, including Thomas Piketty, are urging world leaders at a London summit this week to recognise that there is no economic benefit to tax havens, demanding that the veil of secrecy that surrounds them be lifted. ...
BHS, Boots … our misbehaving corporations need their wings clipped | Anne Perkins image
.... Sikka’s case is that the Companies Act 2006 (by coincidence, the very year of Green’s knighthood) hugely over-privileges shareholders’ rights against any other stakeholders – like the employees. The message of Thomas Piketty’s book Capital in the 21st Century was just that: the reason why the gap between richest and poorest has opened so far and continues to widen is because shareholders simply extract the value from a company without regard to anyone else with an interest. ...
Panama Papers: Act now. Don't wait for another crisis | Thomas Piketty image
Source : Guardian [Read Article] Saturday 9th of April 2016 06:00:23 PM
.... It is to be hoped that the world will learn from the lessons of the Panama Papers and at long last combat financial opacity without waiting for a further crisis. © Thomas Piketty, Le Monde. ...
Are robots going to steal your job? Probably | Moshe Y Vardi image
Source : Guardian [Read Article] Thursday 7th of April 2016 11:00:22 AM
.... Wages for private nonsupervisory employees have stagnated since the late 1960s, and the wages-to-GDP ratio has been declining since 1970. Long-term unemployment is trending upwards, and inequality has become a global discussion topic, following the publication of Thomas Piketty’s 2014 book Capital in the Twenty-First Century. ...
Stop ripping off the young. It's time for older people to pay their fair share image
.... This system forces millions of young people into a new kind of serfdom, killing any chance of the team spirit needed to improve productivity. This accumulation of wealth, not only by the top 1% identified by Thomas Piketty in his book Capital, but also by a broader group of middle-income earners over the age of 55 – the baby boomers – needs to be addressed. ...
Millennials are swimming against the economic tide | Letters image
Source : Guardian [Read Article] Tuesday 8th of March 2016 06:48:30 PM
....While your in-depth quantification of the economic betrayal of “generation Y” (Millennials, 8 March) is timely and welcome, setting it as an opposition between the young and pensioners is to miss the real issue. A cursory reading of Thomas Piketty’s Capital in the Twenty-First Century would lead one to expect such a transitional effect. ...
Was there ever a time when so few people controlled so much wealth? | Eoin Flaherty image
.... That’s how the 1% have taken over | Suzanne Moore. The economist Thomas Piketty points out that much wealth in classical literature seems to derive from rent-generating property in the hands of a limited number of people. ...
VIDEO: Piketty warns of India inequality image
Source : BBC [Read Article] Thursday 28th of January 2016 02:43:12 AM
. One of the surprise best selling books of the past couple of years has been Capital in the Twenty-First Century - a hefty work on inequality and wealth by French economist Thomas Piketty. ...
Labour’s economic rock stars will expose the Tories as a one-hit wonder | Anne Perkins image
....My interest in Mazzucato’s lecture is not just in what she said, but that she said this in a Labour forum. John McDonnell, the shadow chancellor, has persuaded most of the world’s rock star economists – Mazzucato herself, Thomas Piketty, Joseph Stiglitz and more – to go on tour with him around the UK to get the voters to #unlearn Labour. ...
2015 newsmaker: Murphy's law – meet the man behind Corbynomics image
Source : Guardian [Read Article] Wednesday 30th of December 2015 03:25:24 PM
.... One friend inside Labour even began referring to him teasingly as Professor Lord Murphy, as though Corbyn might ennoble his economic guru. But once Corbyn clinched the leadership, he handed the key role of shadow chancellor to McDonnell, who quickly drafted in a seven-member panel of heavyweight economic advisers, including the American Nobel prize winner Joseph Stiglitz, and the French superstar Thomas Piketty – but not Murphy. ...
Almost half of Britain's private wealth owned by top 10% of households image
Source : Guardian [Read Article] Friday 18th of December 2015 11:20:14 AM
....”. Shadow chancellor John McDonnell has recruited the French economist Thomas Piketty – who advocates taxing wealth more heavily to prevent inequality running out of control – to his panel of economic advisers. ...
Seema Malhotra: the centrist who might be the Corbynistas’ secret weapon image
Source : Guardian [Read Article] Saturday 21st of November 2015 04:00:20 PM
....”. And while an internecine war is raging in her party across a range of fronts, including defence, Malhotra says McDonnell is quietly rebuilding economic policy from the ground up, helped by his much-vaunted advisory council of economic radicals, including Thomas Piketty and Mariana Mazzucato. ...
A year after LuxLeaks, it is high time for EU action on corporate tax-dodging | Letter from John McDonnell MP, Thomas Piketty and others image
.... The stakes could not be higher. John McDonnell MP Shadow chancellorThomas Piketty Paris School of EconomicsRichard Murphy City UniversityGlenis Willmott MEP Labour, East MidlandsAnneliese Dodds MEP Labour, South East EnglandNeena Gill MEP Labour, West MidlandsSeema Malhotra MP Shadow chief secretary to the TreasuryPaula Sherriff MP Labour, DewsburyPaul Kenny General secretary, GMB trade unionWinnie Byanyima Executive director, Oxfam InternationalChristine Allen Director of policy and public affairs, Christian AidSorley McCaughey Head of advocacy and policy, Christian Aid IrelandLuca Visentini General secretary, European Trade Union CongressJan Willem Goudriaan General secretary, European Federation of Public Service UnionsRonen Palan City UniversityAnn Pettifor City UniversityAnastasia Nesvetailova City UniversityPrem Sikka Essex UniversityGianni Pittella MEP President of the European parliament Socialists & Democrats groupRomano Prodi Former president of the European commission and former Italian prime ministerJosep Borrell Former president of the European parliamentElio Di Rupo President of the Belgian Socialist party and former Belgian prime ministerVincenzo Visco Former Italian finance ministerJutta Urpilainen Former Finnish finance ministerPaul Magnette Minister-president of Wallonia, BelgiumPierre-Alain Muet Member, French national assemblyYann Galut Member, French national assemblyJean-Paul Fitoussi Co-chair, Progressive Economy scientific boardProfessor Jill Rubery Member, Progressive Economy scientific boardProfessor Kate Pickett Member, Progressive Economy scientific boardDr Irene Ring Member, Progressive Economy scientific boardProfessor András Inotai Member, Progressive Economy scientific boardProfessor Ilene Grabel Member, Progressive Economy scientific boardProfessor Heikki Patomäki Member, Progressive Economy scientific board. ...
The Left's new economic gurus are as wrong as the old ones image
Source : Telegraph [Read Article] Monday 19th of October 2015 03:47:15 PM
.... . In the wake of the French economist Thomas Piketty’s best-seller ‘Capital In The Twenty-First Century’, the Left has a couple of new economic gurus. ...
Be adept at handling profit alerts - they'll be more frequent  image
Source : Telegraph [Read Article] Saturday 17th of October 2015 03:29:40 PM
.... The disruptive idea hinted at by Walmart’s profit warning is even more unsettling. What if the multi-decade shift in economic power from Labour to Capital has run its course just at the moment when thinkers like Thomas Piketty are bringing the idea into the intellectual mainstream. ...
Angus Deaton: a popular choice in tune with renewed focus on inequality image
Source : Guardian [Read Article] Monday 12th of October 2015 12:04:06 PM
....It is for this pathfinding work that Deaton, born in Edinburgh in 1945, has become the latest winner of the economics Nobel prize, first awarded in honour of Alfred Nobel in 1968. The fact that his areas of expertise are in tune with the interest in poverty and inequality prompted by the French economist Thomas Piketty may well have helped. ...
Angus Deaton wins Nobel prize in economics image
Source : Guardian [Read Article] Monday 12th of October 2015 11:09:13 AM
....Related: The Guardian view on tax credit cuts: the chancellor’s sums don’t add up | Editorial. His work complements studies by Thomas Piketty and Sir Tony Atkinson, who was also in the running for the prize, that focus on wealth and income inequality, by examining patterns of consumer spending to illustrate growing inequality in health and wellbeing. ...
Economist Sir Richard Blundell frontrunners Nobel prize image
Source : Guardian [Read Article] Sunday 11th of October 2015 11:22:46 AM
....Sir Anthony Atkinson and Angus Deaton: inequality, consumption and wellbeing. This British duo were mentioned as possible winners last year when inequality became a hot subject following publication of Thomas Piketty’s hit economics book Capital. ...
Architect of Jeremy Corbyn's economic policies turns down top Labour job image
Source : Telegraph [Read Article] Monday 28th of September 2015 09:58:42 AM
.... . Over the weekend, Mr McDonnell announced an advisory panel, including author Thomas Piketty and Nobel Prize winning economist Joseph Stiglitz, would advise him and Mr Corbyn on economic matters. ...
John McDonnell to pledge new economics in Labour conference speech image
Source : Guardian [Read Article] Sunday 27th of September 2015 11:01:14 PM
....A group of 10 leading trade union leaders said McDonnell must not tone down Corbyn’s leadership campaign promises, urging him to “stand up to any attempts to undermine his democratic right to lead the Labour party and the programme he has supported”. McDonnell has appointed a raft of high-profile economics advisers to guide him on macro-economic policy at meetings once a quarter, including the Nobel prize-winning economist Joseph Stiglitz and Thomas Piketty, the author of Capital in the 21st Century. ...
Success of Corbynomics will depend on 'public trust', claims Lord Turner image
Source : Guardian [Read Article] Sunday 27th of September 2015 11:00:13 PM
....”. The comments come as the shadow chancellor has reportedly recruited six anti-austerity economists, including Joseph Stiglitz, Thomas Piketty and Ann Pettifor, to help counteract the perception that Labour cannot be trusted with the public finances, according to the Sunday Times. ...
The era of cheap labour is over | Paul Mason image
Source : Guardian [Read Article] Sunday 27th of September 2015 07:00:08 PM
.... That, in turn, will trigger the rollout of innovations such as McDonald’s touchscreens across the economy. Capital and labour will rebalance; the surge in business-profit rates that happened after 1989 will subside; and Thomas Piketty’s dire predictions about 21st century inequality will be disproved. ...
Piketty and Stiglitz to advise Corbyn image
Source : BBC [Read Article] Sunday 27th of September 2015 03:18:02 PM
....A Nobel Prize winner and a best-selling author are among the economists Jeremy Corbyn has selected to advise him. Joseph Stiglitz and Capital in the 21st Century author Thomas Piketty will develop ideas for the Labour leader and shadow chancellor John McDonnell. ...
Deflation supercycle is over as world runs out of workers image
Source : Telegraph [Read Article] Wednesday 23rd of September 2015 08:46:43 PM
.... . If he is right, events will soon discredit the sweeping neo-Marxist claims of Thomas Piketty, the best-selling French economist who vaulted to stardom last year. ...
Modern capitalism needs an opponent. It needs Jeremy Corbyn image
Source : Guardian [Read Article] Sunday 20th of September 2015 08:00:02 AM
. The broader background to the elevation of Jeremy Corbyn to the leadership of the Labour party is the inegalitarian trend of modern capitalism, brilliantly analysed last year in Thomas Piketty’s bestseller Capital and this year by the Financial Times columnist John Plender in his book Capitalism, subtitled “Money, Morals and Markets”. ...
Was Piketty wrong about inequality? image
Source : BBC [Read Article] Thursday 17th of September 2015 03:14:36 PM
.... . Documenting the last of these trends made the French economist Thomas Piketty an unlikely best-seller. ...
Ignore the Corbynistas, workers are finally securing a pay increase image
Source : Telegraph [Read Article] Wednesday 16th of September 2015 04:34:02 PM
.... . From Thomas Piketty downwards, the complaint has been that all the rewards of the system are going to a few people at the very top, whether they are FTSE chief executives, tech entrepreneurs or shady oligarchs from the developing world. ...
John McDonnell's economics: Milibandism freed from New Labour image
Source : Guardian [Read Article] Tuesday 15th of September 2015 05:34:33 PM
....So when it comes to concrete policy, McDonnell’s approach is likely to be Milibandism liberated from the New Labour dread of alarming Britain’s boardrooms. Widespread renationalisation is back on the agenda; so is a much more progressive tax system, including exploring the potential for a wealth tax, as recommended by the French economist Thomas Piketty, and the repeal of George Osborne’s planned corporation tax cuts. ...
Row over new French central bank head image
Source : BBC [Read Article] Tuesday 15th of September 2015 12:53:58 PM
....His appointment is still subject to government approval. The economists, which included inequality expert Thomas Piketty and ex-World Bank chief economist Francois Bourguignon, called on politicians to reject his nomination in confirmation hearings before the finance committees of both houses of parliament on 29 September. ...
There’s nothing good about the rise in zero-hours contracts – ban them now | Peter Fleming image
....Now, if none of this sounds like free-market economic theory, then you are right. But as Thomas Piketty suggests in his study of inequality in the late capitalist age, there is something decidedly pre-modern about this phase neoliberalism, with its plutocrats, oligarchs and rentiers back in full swing. ...
Piketty was wrong. Seizing from the rich to help the poor won't solve inequality image
.... . The WEF's Inclusive Growth report said focusing on policies such as wealth redistribution, advocated by economists like Thomas Piketty, had constrained the debate on inclusive growth. ...
America's decline in wages can be traced to the George W Bush era image
Source : Guardian [Read Article] Sunday 6th of September 2015 02:20:52 PM
.... There is no better way to illustrate how capitalism, marching to its own tune, fails most of America’s 160 million workers than wage data that hardly moves from year to year after inflation is taken into account. Nobel prize winner Joseph Stiglitz and best-selling economist Thomas Piketty often characterise the 1980s and 1990s, as well as the 2000s until the financial crash, as periods of stellar growth that bypassed the average worker. ...
Disinheritance and the law: why you can’t leave your money to whoever you please image
.... In short, there is a real prospect of the new generational contract locking into place a division between two classes, based on home-ownership and education. If Thomas Piketty’s theories are right – he argues, in essence, that in the 21st century, the rate of return on capital will be greater than the rate of growth, which means that inherited wealth will grow faster than earned wealth – the gap will even widen over time. ...
No, billionaires don’t drive economic growth – and crony billionaires strangle it | Jan Svejnar image
.... Why are these findings important for the rest of us? They indicate that public policy toward income and wealth distribution needs to take into account the nature of wealth accumulation. They also relate directly to the findings of economists like Joseph Stiglitz and Thomas Piketty. ...
Greece given days to agree bailout deal or face banking collapse and euro exit image
.... The potential downside is that the cash would need to be authorised by the Eurogroup unanimously. Thomas Piketty, author of the best-selling book Capital, said it was up to Merkel to remember the benefits Germany had received from debt relief and show leadership. ...
Eurozone tells Greece not to expect debt relief in near future image
Source : Guardian [Read Article] Tuesday 7th of July 2015 06:58:20 AM
....The head of Latvia’s central bank told domestic radio that the “brave” Greek nation had “voted itself out of the eurozone”. Related: Angela Merkel must act now for Greece, Germany and the world | Letters from Thomas Piketty, Jeffrey Sachs and others. ...
Unintentionally, the Greeks have done themselves a favour. Soon, they will be out of the euro image
. For a change, I find myself in some agreement with the French economist Thomas Piketty, at least in terms of what he has to say today on the Greek debt standoff, if very little else. ...
Greece’s fight is for democracy in Europe. That’s why we must support it | Owen Jones image
.... While Germany’s postwar economic renaissance owed everything to debt relief – including from war-devastated countries such as Greece – Athens was denied the write-offs it desperately needed. As French economist Thomas Piketty points out, “Germany is the single best example of a country that, throughout its history, has never repaid its external debt”, and Berlin is “profiting from Greece” because of its high-interest loans. ...
Greece referendum result: How to find out whether Greeks voted yes or no on bailout deal image
....Here are the latest updates:. •Tsipras to come up with new plan to save Greece within 24 hours•Yanis Varoufakis resigns after being 'forced out'• Greeks say ‘No’ to austerity and plunge Europe into crisis• EU facing biggest crisis in history• Germany hits back at Greek ‘terrorism’ claims• Thomas Piketty: 'German conservatives are destroying Europe'• What does a ‘No’ vote in the referendum mean?• Will Greek troubles spill over to the rest of Europe and UK? . ...
Academics attack George Osborne budget surplus proposal image
Source : Guardian [Read Article] Friday 12th of June 2015 04:41:45 PM
....George Osborne’s plan to enshrine permanent budget surpluses in law is a political gimmick that ignores “basic economics”, a group of academic economists has warned. Related: Osborne plan has no basis in economics | Letter from Ha-Joon Chang, Thomas Piketty, David Blanchflower and others. ...
The top 1pc are not the super-rich, they are companies – so why would you want to punish them?  image
.... It is hard to escape the debate on inequality. The French economist Thomas Piketty pushed it up to the top of the agenda with his best-selling book ‘Capital In the 21st Century’, which argued that a few people at the very top of the income scale were pulling away from the rest, and would carry on doing so unless something were done to stop them. ...
Greece determined to stay in eurozone, says economy minister image
Source : Guardian [Read Article] Friday 5th of June 2015 08:25:39 AM
....6bn and Greece is promising to pay at the end of June. As the standoff between Greece and its creditors continued, a group of economists, including Thomas Piketty and Nobel laureate Joseph Stiglitz, united to express their concern about the ongoing austerity measures. ...
Sir Anthony Atkinson and the curious optimism of the godfather of inequality image
.... The subject of inequality is now, perhaps indelibly, associated with the young French economist who burst into the public arena last year and became an unlikely bestselling author across the Anglophone world. But Thomas Piketty himself drew heavily on the work of a British economist – a debt the Frenchman readily admits. ...
Joseph Stiglitz: ‘GDP per capita in the UK is lower than it was before the crisis. That is not a success’ image
.... A couple of weeks ago Stiglitz and several other economists published a report called “Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity”, which was aimed directly at Clinton. Along with Krugman and Thomas Piketty, Stiglitz forms a triumvirate of leading economic critics of global capitalism, 21st century-style. ...
Source : Independent [Read Article] Friday 15th of May 2015 12:06:56 AM
. Thomas Piketty’s book Capital In The Twenty-First Century has attracted worldwide attention, not because he crusades against inequality – many of us do that– but because of its central thesis, based on his reading of the 19th and 20th centuries, that capital “mechanically produces arbitrary, unsustainable inequalities”, inevitably leading the world to misery, violence and wars and will continue to do so in this century. ...
Thomas Piketty to investigate inequality in new role at LSE image
Source : Guardian [Read Article] Thursday 14th of May 2015 02:27:39 PM
. The bestselling French economist Thomas Piketty is to join a new institute investigating global inequality set up by the London School of Economics. ...
Inequality: how rich countries can make a difference image
Source : Guardian [Read Article] Monday 11th of May 2015 09:33:30 AM
....Many broad policy issues are distorted when viewed through a lens that focuses only on domestic inequality and ignores global inequality. Thomas Piketty’s Marxian claim that capitalism is failing because domestic inequality is rising has it exactly backwards. ...
When will interest rates rise? The way things are going, maybe never image
Source : Telegraph [Read Article] Thursday 19th of March 2015 06:03:13 PM
.... More money applied to government bonds means more money saved and less for consumption and business investment. If you are of the Thomas Piketty school of thought, you might in addition point to growing inequality, with wealth increasingly concentrated in the hands of the few and therefore unavailable for wider consumption and investment in productive activity. ...
Barack Obama is shattering the competiveness of the US economy image
Source : Telegraph [Read Article] Wednesday 21st of January 2015 02:17:16 PM
.... Obama has not stopped there. His address this week included new taxes on the finance industry, ostensibly to hit the 1pc who, according to the fashionable gurus influencing the Obama administration, such as the French economist Thomas Piketty, are creating an unhealthy divide between rich and poor. ...
Thomas Piketty: rise of anti-austerity parties good news for Europe image
Source : Guardian [Read Article] Monday 12th of January 2015 12:23:00 PM
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Why merging BP and Shell would make little sense image
Source : Telegraph [Read Article] Saturday 3rd of January 2015 08:30:53 PM
.... . That Thomas Piketty, author of the much bought but little read Capital in the Twenty First Century, is a card, isn’t he. ...
France’s rock star economist Thomas Piketty turns down Legion of Honour image
Source : Guardian [Read Article] Thursday 1st of January 2015 05:00:59 PM
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French 'rock star' economist Thomas Piketty refuses highest honour image
Source : Telegraph [Read Article] Thursday 1st of January 2015 03:24:57 PM
. Thomas Piketty, the economist who shot to fame last year for his post-financial crisis manifesto, Capital in the 21st Century, has refused France's highest honour. ...
We’ve become more like Singapore or Hong Kong but for the wrong reason image
Source : Telegraph [Read Article] Thursday 4th of December 2014 08:53:53 PM
.... Britain learnt a harsh lesson a few decades ago: squeezing the rich until the pips squeak doesn’t work. Even the Tories have forgotten this, falling under the spell of the likes of Thomas Piketty and other wrong-headed intellectuals. ...
City Diary: City bosses fund house moves by loaning company shares image
Source : Telegraph [Read Article] Thursday 13th of November 2014 05:00:56 AM
.... -------------------------------------------------- . Thomas Piketty’s study of wealth inequality, Capital in the Twenty-First Century, was a surprising choice to win this year’s Business Book of the Year award run by the Financial Times. ...
Number of global billionaires has doubled since the financial crisis image
Source : Independent [Read Article] Wednesday 29th of October 2014 05:31:24 PM
.... It said that the “great divergence” between the global rich and poor was one of the most “worrying” developments in the last 200 years. This new Oxfam report echoes the grim picture painted by the controversial bestselling author Thomas Piketty in his book Capital in the Twenty-First Century. ...
Interest rates could stay low permanently, says Bank of England deputy governor image
.... . It appears that Mr Broadbent has nosed through one of the year’s bestsellers, making reference to the work of French economist Thomas Piketty. ...
Will Americans ever vote for a far-reaching wealth tax? image
Source : Guardian [Read Article] Monday 20th of October 2014 12:11:01 PM
. I have been slow to home in on Thomas Piketty’s book, Capital in the Twenty-First Century, but it is hard to ignore the chatter that the book has generated from those on all sides of the political spectrum. ...
Fed chair Janet Yellen says income inequality is un-American image
Source : Guardian [Read Article] Friday 17th of October 2014 03:06:22 PM
....”. The strong tone of Yellen’s speech adds to the increasing discussion around economic inequality that was first popularized by the Occupy movement and then crystallized in the blockbuster success of Thomas Piketty’s Capital in the 21st Century, which posited in part that invested and inherited wealth will always accumulate faster than general economic growth. ...
Richest 1% of people own nearly half of global wealth, says report image
Source : Guardian [Read Article] Tuesday 14th of October 2014 06:00:26 AM
....3tn the country lost in the financial crisis. The Credit Suisse analysts pointed to the debate that has been sparked by work such as that by Thomas Piketty into long-term trends towards inequality. ...
British duo in running for Nobel prize for economics image
Source : Guardian [Read Article] Saturday 11th of October 2014 11:05:23 PM
....A British duo. They are mentioned as possible winners because inequality is the subject du jour following publication of Thomas Piketty’s hit book Capital earlier this year. ...
The new Washington consensus - time to fight rising inequality image
Source : Guardian [Read Article] Sunday 5th of October 2014 11:05:17 AM
.... Oxfam kicked it off with the report showing that 85 billionaires owned as much wealth as half the world’s population. Thomas Piketty’s Capital in the 21st Century provided some intellectual underpinning, with its thesis that a rawer, 19th-century version of capitalism was reasserting itself. ...
Being RBS chairman is tough, but someone's got to do it image
Source : Guardian [Read Article] Saturday 27th of September 2014 11:05:05 PM
.... Yet Garnham argues that politicians simply pander to the "envy and greed of the masses", pillorying the super-rich when the top 1% already pay 30% of income tax in the UK. It's unlikely Garnham's book will match the success enjoyed by Thomas Piketty's Capital. ...
Why is Thomas Piketty's 700-page book a bestseller? image
Source : Guardian [Read Article] Sunday 21st of September 2014 04:00:09 PM
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Consider unemployment before raising interest rates, Bank of England urged image
Source : Guardian [Read Article] Thursday 4th of September 2014 11:01:05 PM
....". Some of the broader arguments over the economy are running in the TUC's favour after the success of French economist Thomas Piketty's book Capital and a succession of high-profile campaigns to protect public services and promote a higher minimum wage. ...

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