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Original Title:	Le capital au XXIe siècle
ISBN:	067443000X (ISBN13: 9780674430006)
Edition Language:	English URL http://www.hup.harvard.edu/catalog.php?isbn=9780674979857
Literary Awards:	Financial Times and McKinsey Business Book of the Year (2014), Arthur Ross Book Award for Gold Medal (2015), National Book Critics Circle Award Nominee for General Nonfiction (2014), Kirkus Prize Nominee for Nonfiction (Finalist) (2014), Goodreads Choice Award Nominee for Business Books (2014) Waterstones Book of the Year Nominee (2014), British Academy Medal (2014)

Capital in the Twenty-First Century

Thomas Piketty

Hardcover | Pages: 685 pages

Rating: 4.04 | 21501 Users | 1826 Reviews

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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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Title	:	Capital in the Twenty-First Century
Author	:	Thomas Piketty
Book Format	:	Hardcover
Book Edition	:	First Edition
Pages	:	Pages: 685 pages
Published	:	March 10th 2014 by Belknap Press (first published August 30th 2013)
Categories	:	Economics. Nonfiction. History. Politics. Business. Finance. Philosophy

Rating Based On Books Capital in the Twenty-First Century

Ratings: 4.04 From 21501 Users | 1826 Reviews

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Indeed, the distribution of wealth is too important an issue to be left to economists, sociologists, historians, and philosophers. Thomas Piketty, Capital in the Twenty-First CenturyThis is one of those scholarly books that seem to end up being accidental cultural markers of time and place. I'm pretty sure Piketty wanted his book to be read/discussed/debated, and Belnap/Harvard Press certainly wanted it to be bought. But, I'm pretty sure neither the author nor the publisher was expecting it to



The majority of economics that Americans are going to encounter is fairly limited-- the names Krugman, Friedman, Smith emerge, but to what extent do we know of their actual theoretical bases. Or their underlying assumptions about the economic endeavor?Enter Thomas Piketty, who has somehow entranced American intellectual life-- not something that most authors of 600-page, data-driven treatises can do. In its practice, it's excellent social science, in that it Piketty is empirical, sober-minded,

Given the amount of hype and misinformation around this book, I'll start by saying what Capital in the 21st century is not about. This book is NOT:1. A work of opinion journalism or punditry. Though, obviously, it does contain the views of its author 2. A prescriptive manifesto trying to explain how to utterly eradicate inequality worldwide, though its author does feel constructive steps can be taken to reduce such inequalities. 3. A work of Journalism written in response to the recession of

"I refuse this nomination because I do not think it is the government's role to decide who is honorable. They would do better to concentrate on reviving [economic] growth in France and Europe," Piketty told AFP*. "César Birotteau,another Balzac character,made his money in perfumes.He was the ingeniuous inventor of any number of beauty products-Sultan's cream,Carminative Water, and so on-that Balzac tells us were all the rage in late imperial and Restoration France. But this was not enough

This is a carefully written book on the topic of inequality in the new century. The book's title contains the echo of Karl Marxs magnum opus which it approaches with critical deference. Like Marxs book, it does not rise to great heights of polemic. One should not look here for slogans condemning the modern world. Rather, it is a complex book, both sober and scholarly. Until the early twentieth century, he argues, those who had inherited wealth were able to invest it, primarily in land or

This book has extraordinary presence on the American scene today. Reviewing it is tricky, since there are so many competitors, along with so much bad discussion. Here, I won't summarize the tome, since others have already done so (Doug Henwood does the best job I've seen). Instead I'd like to note some key elements of content and style, which might be useful for other current or would-be readers.(I already did this from a half-way point, so this post is really a revision taking into account the