“The most important chart about the American economy you'll see this year”

Bard College and Levy Institute economist
Pavlina Tcherneva

I was doing my usual perusal of news and commentary throughout the blogosphere, earlier on Thursday, and I came across this quite stunning chart (see below) from Bard College and Levy Institute economist Pavlina Tcherneva. She’ll be discussing her graphics (republished throughout the blogosphere over the past 36+ hours, along with commentary by folks such as Ryan Cooper, Matt Yglesias, Kevin Drum, Justin Wolfers, and a slew of other well-known economists, bloggers and journalists) in a presentation at the 12th International Post-Keynesian Conference at the University of Missouri at Kansas City (UMKC), Saturday. However, Tcherneva’s work is already trending on Twitter, as you read this.

Here’s Matt Yglesias with his take on the most widely-mentioned of Tcherneva’s graphics--which are based upon statistics from French economist Thomas Piketty’s bestseller, “Capital In The 21st Century”--headlined, “The most important chart about the American economy you'll see this year,” over at Vox.com…

Pavlina Tcherneva's chart showing the distribution of income gains during periods of economic expansion is burning up the economics internet over the past 24 hours and for good reason. The trend it depicts is shocking:  READ MORE