Thomas Piketty's best-selling book, Capital in the Twenty-First Century, serves as a watershed example of the dual contradictions of capitalism and proves that the last century was characterized by a sharp divergence between social classes. He warns 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.
Much like Piketty's work, economists at The New School for Social Research strive to analyze the dynamics of capitalism using historical and empirical analysis and, through SCEPA, its policy implications. Following Piketty's remarks, New School Professor Anwar Shaikh and New School PhD Heather Boushey presented their own comments as well as join in a panel discussion to answer the question, where do we go from here?
Thomas Piketty, Professor of Economics at the Paris School of Economics
Anwar Shaikh, Professor of Economics at The New School for Social Research
Heather Boushey, Executive Director and Chief Economist at the Washington Center
for Equitable Growth