FILE - In this June 30, 2014 file photo, French economist Thomas Piketty speaks during his seminar at the Almedalen political week in Visby on the island of Gotland, in Sweden. Novelist Marilynne Robinson, economist Piketty and cartoonist Roz Chast are among the finalists for National Book Critics Circle prizes. The 30 nominees for six competitive categories were announced Monday, Jan. 19, 2015.  (AP Photo/Janerik Henriksson, File) SWEDEN OUT

Why So Few American Economists Are Studying Inequality

Wealth at the top of the income distribution is skyrocketing, leading to growing inequality. This trend is especially pronounced in the United States. But much of the leading research on the topic isn’t coming from American economists. A French economist, Thomas Piketty, wrote the blockbuster 2013 book Capital in the 21st Century about the growth of extreme wealth inequality; Piketty and (French) Berkeley …

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Narayana Kocherlakota – The Rich Are Different, and It Matters

Inequality in the U.S. depends on how you look at it: Some groups of rich households, for example, have fared much differently than others. Such nuances are crucial in understanding the phenomenon — and what policy makers should do about it. Let’s start by focusing on the income of the top 1 percent of Americans, compared to that of the top 10 …