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Capital in the Twenty-First Century Kindle Edition
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Top Customer Reviews
The main argument: The unequal distribution of wealth in the developed world has become a significant issue in recent years. Indeed, the data indicate that in the past 30 years the incomes of the wealthiest have surged into the stratosphere (and the higher up in the income hierarchy one is, the greater the increase has been), while the incomes of the large majority have stagnated. This has led to a level of inequality in wealth in the developed world not seen since the eve of the Great Depression. This much is without dispute.
Where there is dispute is in trying to explain just why the rise in inequality has taken place (and whether, and to what degree, it will continue in the future); and, even more importantly, whether it is justified. These questions are not merely academic, for the way in which we answer them informs public debate as well as policy measures--and also influences more violent reactions. Indeed, we need look no further than the recent Occupy Movement to see that the issue of increasing inequality is not only pressing, but potentially incendiary.
Given the import and the polarizing nature of the issue of inequality, it is all the more crucial that we begin by way of shedding as much light on the situation as possible. This is the impetus behind Thomas Piketty's new book Capital in the Twenty-First Century.
One of Piketty's main concerns in the book is to put the issue of inequality in its broader historical context.Read more ›
If I start out repeating or commenting on this approximately 700 page book the review will end up a 1400 page review.
I came to this book after reading hundreds of reviews (some just soapbox rants.) Some of the reviews are quite profound. But now it is time to look at the source and not opinions; that is other than mine.
This capital book is not really a book about "Capital" as much as how to keep capital in line with entities such as democracy vs. oligarchy.
So Tomas Piketty really puts his foot in it when it comes to people that do not want to hear about this and spend time arguing about methods of taxation and distribution without addressing the actual premise.
I think the value in this book is by bringing out old and new information and observations by the author's extrapolation thus creating a dialog among readers on the possible futures and whether intervention or insight will have any effect for better or worse.
Most Recent Customer Reviews
one month has passedÃÂ¯Ã,Â¼ I have not received this bookPublished on 11 September 2014 by zhengjun wu
The attention to long term National Accounts figures is a wonderful contribution. Piketty writes well and his subject is very important. Read morePublished on 2 July 2014 by Phillipwh
I am not an economist, and not good with numbers, therefore the going was tough in some parts of the book, but Picketty politely asks for the readers patience and perserverance and... Read morePublished on 1 June 2014 by Margaret kelly
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