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Capital in the Twenty-First Century by [Piketty, Thomas]
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Capital in the Twenty-First Century Kindle Edition

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Length: 814 pages Word Wise: Enabled Enhanced Typesetting: Enabled
Page Flip: Enabled Language: English
  • Due to its large file size, this book may take longer to download

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Review

“It seems safe to say that Capital in the Twenty-First Century, the magnum opus of the French economist Thomas Piketty, will be the most important economics book of the year - and maybe of the decade. Piketty, arguably the world's leading expert on income and wealth inequality, does more than document the growing concentration of income in the hands of a small economic elite. He also makes a powerful case that we're on the way back to ‘patrimonial capitalism,' in which the commanding heights of the economy are dominated not just by wealth, but also by inherited wealth, in which birth matters more than effort and talent. - Paul Krugman, The New York Times
 
“[A] timely, important book. - Joseph E. Stiglitz, The New York Times
 
Piketty's treatment of inequality is perfectly matched to its moment. Like [Paul] Kennedy a generation ago, Piketty has emerged as a rock star of the policy-intellectual world… But make no mistake, his work richly deserves all the attention it is receiving… Piketty, in collaboration with others, has spent more than a decade mining huge quantities of data spanning centuries and many countries to document, absolutely conclusively, that the share of income and wealth going to those at the very top - the top 1 percent, .1 percent, and .01 percent of the population - has risen sharply over the last generation, marking a return to a pattern that prevailed before World War I… Even if none of Piketty's theories stands up, the establishment of this fact has transformed political discourse and is a Nobel Prize–worthy contribution. Piketty provides an elegant framework for making sense of a complex reality. His theorizing is bold and simple and hugely important if correct. In every area of thought, progress comes from simple abstract paradigms that guide later thinking, such as Darwin's idea of evolution, Ricardo's notion of comparative advantage, or Keynes's conception of aggregate demand. Whether or not his idea ultimately proves out, Piketty makes a major contribution by putting forth a theory of natural economic evolution under capitalism… Piketty writes in the epic philosophical mode of Keynes, Marx, or Adam Smith… By focusing attention on what has happened to a fortunate few among us, and by opening up for debate issues around the long-run functioning of our market system, Capital in the Twenty-First Century has made a profoundly important contribution. - Lawrence H. Summers, Democracy

Product Description

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.

Product details

  • Format: Kindle Edition
  • File Size: 48115 KB
  • Print Length: 814 pages
  • Publisher: Harvard University Press; Reprint edition (14 August 2017)
  • Sold by: Amazon Australia Services, Inc.
  • Language: English
  • ASIN: B074DVRW88
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Enhanced Typesetting: Enabled
  • Average Customer Review: 4.0 out of 5 stars 10 customer reviews
  • Amazon Bestsellers Rank: #45,276 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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