Even Fewer Have Much, Much More

August 13, 2013 | CUNY Lecture Series, Graduate Center

In a discussion of economic growth and inequality at the Graduate Center, Paul Krugman pointed out that the Occupy Wall Street movement got the math wrong when it came to wealth distribution between the super-rich and everybody else. “It’s not the 1 percent but rather the 0.01 percent” of the population who have so much more, said Krugman, a columnist for the New York Times and 2008 Nobel laureate. “So much of the [wealth and] influence lies in a handful of people … and that’s disturbing if you have a democratic ideal about the kind of society we [should live in].” Joining Krugman was Sir Tony Atkinson, professor of economics at the University of Oxford, and moderator Chrystia Freeland, editor of Thomson Reuters Digital.