Capital in the Twenty-First CenturyThe 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. |
Contents
| 1 | |
Income and Capital | 37 |
The Dynamics Of The CapitalIncome Ratio | 111 |
The Structure Of In Equality | 235 |
Regulating Capital In The Twenty First Century | 469 |
Conclusion | 571 |
Notes | 579 |
| 657 | |
Tables and Illustrations | 665 |
| 671 | |
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Common terms and phrases
50 percent accounts accumulation Ancien Régime annual Belle Époque Britain capital income capital/income ratio decades decrease distribution of wealth economic eighteenth estimates Europe European Eurozone evolution example fact Figure financial assets foreign assets fortunes France French Germany growth rate historical important income from capital income from labor income inequality income tax increase individuals inegalitarian inequality of wealth inflation inheritance flow inherited wealth investment less long run million euros national capital national income nineteenth century online technical appendix PAYGO percent of national period piketty.pse.ens.fr/capital21c political population private capital private wealth productivity progressive tax public debt rate of return real estate rent rentiers return on capital rich countries role social society Sources and series sovereign wealth funds tax havens tax on capital Thomas Piketty tion top centile top decile total wealth Trente Glorieuses twentieth century twenty-first century United wage inequality