Capital in the Twenty-First Century

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Harvard University Press, Mar 10, 2014 - Business & Economics - 685 pages
3 Reviews
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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Really dense, really interesting, really important. Fascinating book about concentration of wealth being a naturally occurring phenomenon that does society no good. Maybe neutral maybe bad. The book is very repetitive but given the density of the material' that is a blessing not a curse. The only downside is that I listened to it on Audible and had to hit the back button often. It is no light read but it is well worth the effort. 

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The amount of research that went into this book is unmatched. This is the book to read if you want an understanding of the economic world in which we live. Say what you want about Thomas Piketty or this book, but the one thing you can't say is that he didn't do his research.

Contents

Acknowledgments
Introduction
Income and Capital
Income and Output
Illusions and Realities
The Dynamics of the CapitalIncome Ratio
The Metamorphoses of Capital
From Old Europe to the New World
Inequality of Capital Ownership
Merit and Inheritance in the Long
Global Inequality of Wealth in the TwentyFirst Century
Regulating Capital in the TwentyFirst Century
A Social State for the TwentyFirst Century
Rethinking the Progressive Income
A Global Tax on Capital
The Question of the Public Debt

The CapitalIncome Ratio over the Long
The CapitalLabor Split in the TwentyFirst Century
The Structure of Inequality
Preliminary Bearings
Two Worlds
Inequality of Labor Income
Conclusion
Notes
Contents in Detail
List of Tables and Illustrations
Copyright

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About the author (2014)

Thomas Piketty is Professor at the Paris School of Economics.