Thomas Piketty

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Manual labour: Poor EU citizens “are likely to migrate to richer member states to improve their income chances”. But the pressures to migrate to wealthier countries “may have political effects in receiving states, with the rise of anti-immigrant sentiment”. File photograph: Getty Images

It sounded strange coming from a banker, not just any banker, but a central banker. However, European Central Bank (ECB) president Mario Draghi’s mes(...)

According to Thomas Piketty, if the rate of profit (r) is greater than growth (g), the income of the most advantaged will accelerate faster than average income from work. Photograph: Jason Reed/Reuters

Very few equations, especially from the so-called dismal science, have appeared on T-shirts. There was a rare instance, not long ago, when the formula(...)

As bank-bashing subsides - nine years after the collapse of Lehman Brothers - there may be a push to slow down or unwind rules designed to curb the financial world’s excesses

They were called public enemies. They were strung up in effigy during protests in London and New York. Their behaviour spurred an outcry that changed(...)

Trump supporters after the election. Half of all Americans have seen no real income increases since the 1970s. Photograph: Doug Mills/The New York Times

Mark Carney, governor of the Bank of England, is that rarest of creatures: a fascinating central banker. Brexiteers hate him because of his prediction(...)

Although François Hollande will remain France’s head of state for another five months, his announcement that he will not seek re-election as president marks his political death. File photograph: Yoan Valat/AFP/Getty Images

As he read his speech on Thursday night, the president of France looked like a convict climbing on to the scaffold. Although François Hollande will r(...)

Bernie Sanders achieved remarkable support in the Democratic primaries from young Americans convinced his social democratic message can help overcome the closing off of mobility in their society.  (Josh Haner/The New York Times)

Intergenerational relations are a key aspect of politics in the developed world. As growth slows and inequalities widen, younger generations can no lo(...)

 Helen Stokes and Chardonnay McDonagh at St Margaret’s Traveller Housing scheme in Ballymun. Photograph: Cyril Byrne

A picture really is worth a thousand words. A few weeks ago The Irish Times published this photograph of a Traveller woman, aged 67, and her granddau(...)

British prime minister David Cameron: the Panama Papers revelations put pressure on him because of his late father Ian Cameron’s use of an offshore company. Photograph:  Leon Neal/Pool

World leaders gather in London on Thursday for an anti-corruption summit as the fallout from the Panama Papers revelations continues to prompt calls (...)

The names of the more than 200,000 offshore companies, including hundreds with links to Ireland, are contained in the Panama Papers published today. (...)

Ford Fiesta

Opponents of income-contingent student loans invariably argue that their introduction will result in crippling lifetime debt. Yet they don’t see home(...)

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