Economist Thomas Piketty discussed the research supporting his best-selling book, Capital in the Twenty-First Century, including the dual contradictions of capitalism that created the sharp divergence between social classes we see today. He warns that the main driver of inequality—the tendency of returns on capital to exceed the rate of economic growth—threatens to stir discontent and undermine democratic values.
Much like Piketty, 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 Economics Professor Anwar Shaikh and Executive Director and Chief Economist at the Washington Center for Equitable Growth (and a New School PhD) Heather Boushey (pictured above) joined in a panel discussion to answer the question, where do we go from here?
You can view the entire event below.