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July 18, 2019 | History

Capital in the twenty-first century

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This edition published in by The Belknap Press of Harvard University Press

Written in English

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.

(Original text from the spine of the book)

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Edition Availability
Cover of: Capital in the twenty-first century
Capital in the twenty-first century
2014, The Belknap Press of Harvard University Press
in English
Cover of: Capital in the Twenty-First Century
Capital in the Twenty-First Century
2013, Éditions du Seuil, Harvard University Press
Hardcover in English

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Capital in the twenty-first century First published in 2013



Work Description

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.

(Original text from the spine of the book)

Edition Notes

Translation Of
Le Capital au XXIe siècle
Translated From
French / français

ID Numbers

Open Library
OL25440550M
Internet Archive
isbn_9780674430006
ISBN 13
9780674430006

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History

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July 18, 2019 Edited by Clean Up Bot import existing book
March 28, 2019 Edited by ImportBot import existing book
January 10, 2019 Edited by Clean Up Bot import existing book
April 22, 2015 Edited by Gyrostat translation
April 1, 2014 Created by Emma C. Moore Added new book.