Capital in the Twenty-First Century

ISBN-10: 067443000X

ISBN-13: 9780674430006

Edition: 2014

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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.

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Book details

List price: $39.95
Copyright year: 2014
Publisher: Harvard University Press
Publication date: 4/15/2014
Binding: Hardcover
Pages: 696
Size: 6.50" wide x 9.25" long x 1.75" tall
Weight: 2.222
Language: English

Thomas Piketty was born in Clichy, France on May 7, 1971. He received a M.Sc. in mathematics at Ecole Normale Sup�rieure and a PhD in Economics at EHESS and at LSE. He is a professor at the Paris School of Economics. His articles have appeared in numerous journals including the Quarterly Journal of Economics, the Journal of Political Economy, the American Economic Review, and the Review of Economic Studies. He has written several books including Capital in the Twenty-First Century.

Arthur Goldhammer is the translator for numerous books including Neoconservatism: The Biography of a Movement, Algerian Chronicles, The Society of Equals, and Capital in the Twenty-First Century. He received the French-American Translation Prize in 1990 for his translation of A Critical Dictionary of the French Revolution.

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