Tag: Professors Chetty and Saez

America: Where Millionaires are Self Made

By Thomas J. Stanley on May 6th, 2014 in Current Events

Recently a fellow asked me about my impressions of French economist Thomas Piketty’s new book, Capital in the Twenty-first Century.  I have not read the book, but I’ve read comments about it including a recent interview with the author.  He postulates the existence and forecasts the growth of inequality in terms of the concentration of wealth and income. In […]

Socioeconomic Mobility on the Wane? Au Contraire!

By Thomas J. Stanley on Feb 25th, 2014 in Current Events

In The Millionaire Mind I wrote: . . . key success factors our economy continues to recognize and will continue to reward:  hard work, integrity. . . . It seems that at least once a week during the last ten years, I have read published news stories and editorials claiming that economic opportunity in America is […]