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Capital in the Twenty-First Century

by

Capital in the Twenty-First Century Cover

ISBN13: 9780674430006
ISBN10: 067443000x
All Product Details

 

Synopses & Reviews

Publisher Comments:

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.

Review:

"Piketty, a prominent economist, explains the tendency in mature societies for wealth to concentrate in a few hands." The Economist

Review:

"Defies left and right orthodoxy by arguing that worsening inequality is an inevitable outcome of free market capitalism....[It] suggests that traditional liberal government policies on spending, taxation and regulation will fail to diminish inequality...Without what [Piketty] acknowledges is a politically unrealistic global wealth tax, he sees the United States and the developed world on a path toward a degree of inequality that will reach levels likely to cause severe social disruption. Final judgment on Piketty's work will come with time — a problem in and of itself, because if he is right, inequality will worsen, making it all the more difficult to take preemptive action." Amy Merrick, New Yorker

Review:

"It is a great work, a fearsome beast of analysis stuffed with an awesome amount of empirical data, and will surely be a landmark study in economics." Thomas B. Edsall, New York Times

Review:

"Groundbreaking....The usefulness of economics is determined by the quality of data at our disposal. Piketty's new volume offers a fresh perspective and a wealth of newly compiled data that will go a long way in helping us understand how capitalism actually works." The Week

Review:

"A landmark book...which brings a ton of data to bear in reaching the commonsensical conclusion that inequality has to do with more than just blind market forces at work." Paul Krugman, New York Times

Synopsis:

The main driver of inequality — returns on capital that exceed the rate of economic growth — is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty's findings in this ambitious, original, rigorous work will transform debate and set the agenda for the next generation of thought about wealth and inequality.

About the Author

Thomas Piketty is Professor at the Paris School of Economics.Arthur Goldhammer received the French-American Translation Prize in 1990 for his translation of A Critical Dictionary of the French Revolution.

What Our Readers Are Saying

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Average customer rating based on 2 comments:

docclay, August 1, 2014 (view all comments by docclay)
Well, with all due respects to our good Aunty here, this is a great treatise on the history and possible future of the world economy and the possible effects of the now widening income inequality on all the groups sure to be affected. It talks about how tax policy should be formulated, how to affect social changes through the wise use of national economic policies. If you like your economics discussions to go beyond the sound bite and the laughable coverage that suffices for "business news" in today's media market then this is a most welcome literary addition. It is an intelligently written book that doesn't pander to the lowest common denominator but is at the same time extremely readable.
If, on the other hand, your tastes run a little more to the, oh, how shall we say, the more mundane? Then perhaps you could go see if the second season of Honey Boo Boo is for sale yet on that site that's named after the world's second longest river (first if calculated by total water output) -OR- you could just get in touch with Aunty g and get her personal recommendations. I'm sure she could at least catch you up on those horrible Kardashian people. After all, reading isn't everybody's thing. It's nothing to be ashamed of. It's just that book learnin' didn't take in yur famalee. It happens.
Was this comment helpful? | Yes | No
(3 of 5 readers found this comment helpful)
Auntie g, May 7, 2014 (view all comments by Auntie g)
Now that I've read the synopsis; not sure why I'd read it . . . do I really need all the gory details??? too late, me thinks. The only people capable of changing anything(congress/president), either already know the score and/or, don't want the system changed since they are, now, mostly, part of the 1%.
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Product Details

ISBN:
9780674430006
Author:
Piketty, Thomas
Publisher:
Belknap Press
Translator:
Goldhammer, Arthur
Author:
Goldhammer, Arthur
Location:
Cambridge
Subject:
Economic History
Subject:
Business & Economics-Economics - Comparative
Subject:
Business & Economics-Development - Economic Development
Subject:
Business & Economics-Economics - Theory
Subject:
POLITICAL SCIENCE / Public Policy/Economic Policy
Subject:
Economic Theory & Philosophy
Subject:
Economic Systems & Structures
Subject:
Economic Growth
Copyright:
Publication Date:
20140415
Binding:
Hardback
Language:
French
Illustrations:
96 graphs, 18 tables
Pages:
696
Dimensions:
9 x 6 in

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Capital in the Twenty-First Century New Hardcover
0 stars - 0 reviews
$39.95 In Stock
Product details 696 pages Belknap Press - English 9780674430006 Reviews:
"Review" by , "Piketty, a prominent economist, explains the tendency in mature societies for wealth to concentrate in a few hands."
"Review" by , "Defies left and right orthodoxy by arguing that worsening inequality is an inevitable outcome of free market capitalism....[It] suggests that traditional liberal government policies on spending, taxation and regulation will fail to diminish inequality...Without what [Piketty] acknowledges is a politically unrealistic global wealth tax, he sees the United States and the developed world on a path toward a degree of inequality that will reach levels likely to cause severe social disruption. Final judgment on Piketty's work will come with time — a problem in and of itself, because if he is right, inequality will worsen, making it all the more difficult to take preemptive action."
"Review" by , "It is a great work, a fearsome beast of analysis stuffed with an awesome amount of empirical data, and will surely be a landmark study in economics."
"Review" by , "Groundbreaking....The usefulness of economics is determined by the quality of data at our disposal. Piketty's new volume offers a fresh perspective and a wealth of newly compiled data that will go a long way in helping us understand how capitalism actually works."
"Review" by , "A landmark book...which brings a ton of data to bear in reaching the commonsensical conclusion that inequality has to do with more than just blind market forces at work."
"Synopsis" by , The main driver of inequality — returns on capital that exceed the rate of economic growth — is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty's findings in this ambitious, original, rigorous work will transform debate and set the agenda for the next generation of thought about wealth and inequality.
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