Thomas Piketty may not be a household name in this country (yet), but the French economist who is updating Karl Marx has quite a following at the White House and among thought leaders of the Democratic Party.  Thomas Hubert of France24 explains: In his latest book, French economist Thomas Piketty warns that modern-day capitalism leads to unsustainable levels of inequality. While he is often linked to France's Socialist Party, his writings have made him unusually popular in the US. Thomas Piketty’s “Capital in the Twenty-First Century” has only just been translated into English – several weeks ahead of schedule, due to popular demand – and the New York Times’s star columnist Paul Krugman has already described it as “the most important economics book of the year — and maybe of the decade”. The French economist’s current US book tour is turning into something of a red carpet event. So far this week, he has...(Read Full Post)