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What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In Capital in the Twenty-First Century, Thomas Piketty analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings will transform debate and set the agenda for the next generation of thought about wealth and inequality.
Piketty shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, Piketty says, and may do so again.
A work of extraordinary ambition, originality, and rigor, Capital in the Twenty-First Century reorients our understanding of economic history and confronts us with sobering lessons for today.
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Subjects
Capitalism, wealth, capital, inequality, social welfare, democracy, Wohlstand, Income distribution, Produktionsfaktor, Einkommensverteilung, Labor economics, Arbeitsökonomie, Kapital, nyt:hardcover-nonfiction=2014-04-13, New York Times bestseller, economy, thomas piketty, History, Equality, Distribution (Economic theory), Revenu, Répartition, Richesse, Économie du travail, BUSINESS & ECONOMICS, Finance, POLITICAL SCIENCE, Public Policy, Economic Policy, Kapitalism, Inkomstfördelning, Jämlikhet, Finance and Accounting, Capital, Wealth, Hb501 .p43613 2014, 332/.041, Qc 200People
Karl Marx (1818-1883), David RicardoTimes
1700-2013Showing 4 featured editions. View all 19 editions?
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Capital in the Twenty-First Century
2020, Harvard University Press
in English
0674980255 9780674980259
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Capital in the Twenty-First Century
2017, Harvard University Press
in English
0674979850 9780674979857
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Capital in the twenty-first century
2014, The Belknap Press of Harvard University Press
in English
067443000X 9780674430006
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August 31, 2022 | Edited by AgentSapphire | Merge works |
August 31, 2022 | Edited by AgentSapphire | merge authors |
August 31, 2022 | Edited by AgentSapphire | Merge works |
August 26, 2020 | Created by ImportBot | Imported from Better World Books record |