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Capital in the Twenty-First Century ( French: Le Capital au XXIe siècle) is a book written by French economist Thomas Piketty. It focuses on wealth and income inequality in Europe and the United States since the 18th century.
Capital in the Twenty-First Century shows how privateers use privatization, debt creation and capital inflation as a mechanism for rent extraction, with catastrophic consequences for public services.
Aug 14, 2017 · 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…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 ...
Oct 6, 2014 · Without a significant force to counterbalance rising wealth inequality, the research indicates, a capitalist economy will drift predictably toward oligarchy. During the last century, however, Piketty shows that a sufficient counterbalance to wealth inequality did emerge. It came in the form of two world wars.
Mar 10, 2014 · 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...
Aug 14, 2017 · “Piketty’s Capital in the Twenty-First Century is an intellectual tour de force, a triumph of economic history over the theoretical, mathematical modeling that has come to dominate the...
Feb 17, 2015 · 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.