Capital in the 21st. century: a controversial book by Thomas Piketty

Capital in the Twenty-First Century

Thomas Piketty

Translated by Arthur Goldhammer

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Book Details

HARDCOVER

$39.95 • £29.95 • €35.00

ISBN 9780674430006

Publication: April 2014

Available 03/10/2014

Trade

696 pages

6-1/8 x 9-1/4 inches

96 graphs, 18 tables

Belknap Press

World

Related Subjects

BUSINESS & ECONOMICS: Economic History
BUSINESS & ECONOMICS: Economics: Comparative
BUSINESS & ECONOMICS: Development: Economic Development
BUSINESS & ECONOMICS: Economics: Theory
POLITICAL SCIENCE: Public Policy: Economic Policy

About This Book
About the Authors
Reviews
Table of Contents

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.

RELATED LINKS

At Chicago Magazine, read about Thomas Piketty’s theories of inequality and new work on the cognitive rationalization process that happens among the well-off
On the eve of the 2014 World Economic Forum meetings in Davos, read in the Wall Street Journal about Piketty’s theories on inequality
Read The Economist’s take on Capital in the Twenty-First Century
In the New York Times, read about Piketty’s finding (with Emmanuel Saez) that the top 10 percent of earners in 2012 took home the highest percentage of total American income ever recorded
In the Guardian, read Piketty and Saez’s argument for substantially raising top marginal tax rates
Plot graphs of income inequality over the past century via the World Top Incomes Database, an ongoing endeavor by Piketty, Saez, Facundo Alvaredo, and Tony Atkinson

- Piketty E Seu Erros Elementares De Teoria Economica - Steve Kates
Retiro, de uma lista de discussão sobre história econômica, esta postagem de um professor que também gastou 25 dólares pensando comprar boa mercadoria. Acho que o produto vai conhecer uma alteração na sua curva de demanda rapidamente... Paulo Roberto...

- Encore Piketty, And A Predecessor From The 19th Century: Henry George - Charles Lane (wp)
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De vez e quando surge um livro que promete salvar velhas crenças da esquerda: a de que a igualdade , ou o igualitarismo, é o objetivo da democracia, por exemplo, o que é uma tese simplesmente errada. A democracia não tem muito a ver com a igualdade,...

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