[]
[]

Capital in the Twenty-first Century

Piketty, Thomas

(Book - 2014)
Capital in the Twenty-first Century
Print
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 this work the author 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 transform debate and set the agenda for the next generation of thought about wealth and inequality. He 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 if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.
Publisher: Cambridge Massachusetts :, The Belknap Press of Harvard University Press,, 2014
ISBN: 9780674430006
067443000X
9780674369542
0674369548
Branch Call Number: 332.041 PIKETTY
Characteristics: viii, 685 pages ; 25 cm
Additional Contributors: Goldhammer, Arthur Translator

Opinion

Community Activity

Comment

Add a Comment

There are no comments for this title yet.

Age

Add Age Suitability

There are no ages for this title yet.

Summary

Add a Summary

There are no summaries for this title yet.

Notices

Add a Notice

There are no notices for this title yet.

Quotes

Add a Quote

There are no quotes for this title yet.

Find it at PPL

  Loading...

Explore Further


Browse the Shelf

Subject Headings


Recommendations

  Loading...

Powered by BiblioCommons.
app06 Version gurli Last updated 2014/12/09 10:52