The Federal Reserve closed 2025 by cutting rates by a quarter point for the third time this year. The decision was not ...

A dramatic technological change like the rise of artificial intelligence makes the case for curbing extreme wealth even more ...

Open the Youtube video If you're like most Americans, you get the bulk of your cardio from marching in—or fleeing ...

The divergence seems to be due to higher income groups benefiting disproportionately from policy changes and also because ...

Inequality is now a visibility problem The concentration of wealth at the very top of the global distribution has moved from ...

According to Goyal, this face-to-face interaction between the working class and the consuming class — repeated transaction ...

Economist Thomas Piketty's book, "Capital in the Twenty-First Century," highlights the dangers of an economy dominated by inherited wealth -- an economy in which birth is more important than effort ...

He argues that for the first time, the consuming class is face-to-face with the working class, forcing a societal ...

Early morning magenta light illuminates clouds and the Moulton Barn on Mormon Row at the foot of the Grand Tetons near Jackson, Wyoming. Teton County, home to the affluent and famous Jackson Hole, has ...

If 2022 was the year the U.S. economy came roaring back like a lion, 2023 is more of a lamb. Modest job growth, consistent inflation, falling home prices, slowing GDP growth—meh. February was another ...

Several factors help explain why economist Thomas Piketty's groundbreaking new book on economic inequality has been such a surprise hit. First, "Capital in the Twenty-First Century" is based on an ...

Two years ago this month, Thomas Piketty published his massive tome on inequality, Capital in the 21st Century. Embedded in the 696 pages of tables and analysis was a fairly simple idea: In rich ...