New analysis shows how corporate bosses rake in huge salaries and bonuses as inequality continues to soar.
"Those who want to chase Greece out of the eurozone today," the French economist says, "will end up on the trash heap of history."
Twenty-six of the world’s most distinguished economic minds proclaimed their solidarity with Greece’s ruling anti-austerity party in an essay published in the Financial Times in early June.
Comparisons between post-2008 America and the economic quagmire of the 1930s have been circulating for years, but a new study out of the London School of Economics sets the country back even further -- and moves the decimal point back a couple of spaces on the 1 percent to highlight an even smaller and richer demographic.
Thomas Piketty attributes rising inequality in the U.S. primarily to huge increases in the salaries of CEOs and other top executives, but he misinterprets the evidence. Rising salaries of top executives actually explain very little of the rise in inequality, and they depressed other employees’ pay by only a negligible amount.
The two best-selling authors discuss the American economy and the growth of income disparity plaguing the nation in a HuffPost Live segment that shouldn't be missed.
The writer of the best-selling book "Capital in the Twenty-First Century" that's on everybody's mind these days stopped by "The Colbert Report" on Monday for a reckoning with the faux-conservative host.
The celebrity economist's proposal of an "international IRS" as a means to end rampant wealth inequality falls far short of methods that exist in the American tradition, Salon columnist Thomas Frank writes in a critique of the best-selling "Capital in the Twenty-First Century."
The best-selling author whose "Capital in the Twenty-First Century" has been shaking up the world says Karl Marx did not influence his research, but his statement may be tongue in cheek; the true Crimean referendum results were accidentally revealed, showing only 15 percent of voters backed annexation; meanwhile, the mayor of Seattle has proposed a plan to raise the minimum wage to $15 an hour. These discoveries and more after the jump.