Thomas Piketty's Capital in the 21st Century reached the top of most best-seller lists last year shortly after it was released. Nonetheless, few people actually read the book. Yet reviewers have agreed that the book is important because it touches on one of the major problems facing the US economy, the UK economy and many developed nations: rising income and wealth inequality. It also provides an explanation of the problem and a policy solution: a global wealth tax.
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Steven Pressman is Professor of Economics at Colorado State University in Fort Collins, Colorado, and Professor Emeritus of Economics and Finance at Monmouth University in West Long Branch, NJ. He also serves as North American Editor of the Review of Political Economy, Book Review Editor of the Eastern Economic Journal, and Treasurer of the Eastern Economic Association. Pressman has published more than 150 articles in refereed journals and as book chapters, and has authored or edited 17 books, including A New Guide to Post Keynesian Economics (2001), Alternative Theories of the State (2006), and 50 Major Economists, 3rd ed. (2013), which has been translated into five different languages. He is also a frequent contributor to local newspapers, and appears frequently on local and national TV.
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