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 …