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Title Details

RRP / List Price: $115.00

Title   Capital in the Twenty First Century 

ubiq Price: $103.50

Author   PIKETTY Thomas  ISBN   9780674430006  Add to shopping cart   
Publisher   BELKNAP PRESS  Group   Gen Non-F View shopping cart
Binding   Hardback Category   Culture & So  Terms and conditions
Edition   1 Type   Go back
Publication Year   2014 
Subject   Economic history 
Stock Status   Not currently in stock - contact store for availability 
Order Status   Not currently on order 
Synopsis 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 analyses 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.

Featured in the June 2014 Business newsletter.
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Featured in the June 2014 Law newsletter.
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