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Capital in the Twenty-First Century
817 pages, 2017
economics & politics
987 books
business & management
1082 booksThomas Piketty's research in Capital in the Twenty-First Century shows that the gap between the rich and the poor is widening. He suggests that this is due to the rate of return on capital exceeding the rate of economic growth. This means that those who already have wealth are able to accumulate more at a faster rate than those trying to earn it.
Piketty argues that government intervention is necessary to prevent the wealth gap from widening further. He suggests progressive taxation and wealth redistribution as potential solutions. If you're interested in economic policy, you'll find his arguments thought-provoking.
One of the unique aspects of Capital in the Twenty-First Century is the historical perspective it provides. Piketty uses data from the past 300 years to support his arguments. This allows readers to see the long-term trends in wealth inequality, making the book a fascinating read for history buffs.
Piketty doesn't just look at the past, he also makes predictions about the future of capitalism. He warns that if the current trends continue, we could see a return to levels of wealth inequality not seen since the 19th century. If you're curious about the future of the global economy, this book will give you plenty to think about.
Throughout Capital in the Twenty-First Century, Piketty emphasizes the importance of data in understanding economic trends. He believes that without accurate data, we can't make informed decisions about economic policy. This book will inspire you to dig deeper into the numbers and question the assumptions behind economic theories.
Quotes 5
Piketty has transformed our economic discourse; we'll never talk about wealth and inequality the same way we used to.
Paul Krugman - Economist, ColumnistPiketty's 'Capital in the Twenty-First Century' is an intellectual tour de force, a triumph of economic history over the theoretical, mathematical modeling that has come to dominate the economics profession in recent years.
Joseph Stiglitz - Economist, ProfessorPiketty’s book is not only a milestone in economic research, it also opens a window onto the social and economic realities of our time.
Martin Wolf - Journalist, AuthorPiketty has written an extraordinarily important book. In its scale and sweep it brings us back to the founders of political economy.
Robert Solow - Economist, ProfessorPiketty's book, 'Capital in the Twenty-First Century', despite its huge amount of data, is a work of theory.
Branko Milanovic - Economist, Author
Capital in the Twenty-First Century found in libraries
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