Capital in the Twenty-First Century

Capital in the Twenty-First Century

Review Capital in the Twenty-First Century



In author Thomas Piketty’s “Capital in the Twenty-First Century,” he looks for solid answers for difficult questions about finances, its history and evolution, and connection to politics. Rigorously researched, with writing that goes boldly into the search for truth, Thomas Piketty also delves into the structure of inequality and how the concentration of wealth had narrowed over the years. “Capital in the Twenty-First Century” further addresses the issues of capital in the modern-day, exposing how developed countries focus on capital return far more than economic growth. Transcending beyond that of the common book featuring economic insights, “Capital in the Twenty-First Century” provides illuminates the arch of wealth and the current state that we could be drawing near to.

About the Author

Thomas Piketty is a French economist who works on wealth and income inequality. He is a professor (directeur d’études) at the École des hautes études en sciences sociales (EHESS), professor at the Paris School of Economics, and Centennial professor at the London School of Economics new International Inequalities Institute.

He is the author of the best-selling book, “Capital in the Twenty-First Century” (2013), which emphasizes the themes of his work on wealth concentrations and distribution over the past 250 years. The book argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth and that this will cause wealth inequality to increase in the future. He considers that to be a problem, and to address it, and he proposes redistribution through a progressive global tax on wealth.

Table of Contents

  • Acknowledgments
  • Introduction
    • Part One: Income and Capital
  • 1 – Income and Output
  • 2 – Growth: Illusions and Realities
  • Part Two: The Dynamics of the Capital/Income Ratio
    • 3 – The Metamorphoses of Capital
    • 4 – From Old Europe to the New World
    • 5 – The Capital/Income Ratio over the Long Run
    • 6 – The Capital-Labor Split in the Twenty-First Century
  • Part Three: The Structure of Inequality
    • 7 – Inequality and Concentration: Preliminary Bearings
    • 8 – Two Worlds
    • 9 – Inequality of Labor Income
    • 10 – Inequality of Capital Ownership
    • 11 – Merit and Inheritance in the Long Run
    • 12 – Global Inequality of Wealth in the Twenty-First Century
  • Part Four: Regulating Capital in the Twenty-First Century
    • 13 – A Social State for the Twenty-First Century
    • 14 – Rethinking the Progressive Income Tax
    • 15 – The Question of the Public Debt
  • Conclusion
  • Notes
  • Contents in Detail
  • List of Tables and Illustrations
  • Index