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As wealth becomes more and more concentrated at the top in our country, we need to understand how wealth works—who has it, how did they get it, and how do they keep it? In his book A Century of Wealth in America, Edward N. Wolff (professor of economics at NYU) provides extensive evidence and astute analysis of wealth trends and of the interplay between wealth and income. Drawing on decades of research, he gives this year’s Stone Lecture on Wealth Inequality, then joins in a conversation. Presented with the Stone Center on Socio-Economic Inequality.

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The non-profit’s views on the First Step Act continue to evolve. But other advocates have roundly criticized the legislation for not going far enough. Because Trump is famously fickle, it’s hard to gauge the depth of his commitment to reform. He has expressed a desire to overhaul the system while granting clemency in a few high-profile cases, like that of Alice Marie Johnson, a 63-year-old grandmother serving a life sentence for a nonviolent drug offense. But he also campaigned on a law-and-order platform, and his administration has implemented policies that could drive, not relieve, mass incarceration. The true test could be in how he handles Senate Majority Leader Mitch McConnell, who appears to be sidelining the bill in favor of other priorities in the final days of the legislative session.

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