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Thomas Piketty, Paul Krugman and Joseph Stiglitz: The Genius of Economics

Piketty, arguably the world’s leading expert on income and wealth inequality, does more than document the growing concentration of income in the hands of a small economic elite. He also makes a powerful case that we’re on the way back to ‘patrimonial capitalism,’ in which the commanding heights of the economy are dominated not just by wealth, but also by inherited wealth, in which birth matters more than effort and talent,” wrote Paul Krugman in The New York Times. Krugman and his fellow Nobel laureate Joseph Stiglitz (author of The Great Divide) join Piketty to discuss the genius of economics. Subscribe for more videos like this: http://bit.ly/1GpwawV Facebook:   / 92ndstreety   Twitter:   / 92y   Tumblr:   / 92y   Instagram:   / 92ndstreety   On Demand: http://www.92yondemand.org