Capital In The Twenty First Century
Economics inequality, uneven concentration of wealth, and prospects of economic growth will stay amongst the top of the world's issues list. Modernization of economic growth as well as a more even spread of knowledge have played a great role in minimizing inequalities at least to a lesser extent than what Karl Marx predicted. However, the tendency of returns on capital to exceed the economic growth rate still adds to the creation of significant inequality.
The return of the best-selling, award-winning economist extraordinaireWith the same powerful evidence, and range of reference, as his global bestseller Capital in the Twenty-First Century - and in columns of 700 words, rather than 700 pages - Chronicles sets out Thomas Piketty's analysis of the financial crisis, what has happened since and where we should go from here.
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.