(Ebook) Capital In The Twenty-First Century by Thomas Piketty, Arthur Goldhammer ISBN 9780674979857, 0674979850, B074DVRW88

(Ebook) Capital In The Twenty-First Century by Thomas Piketty, Arthur Goldhammer ISBN 9780674979857, 0674979850, B074DVRW88

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 the political economy. But satisfactory answers have been hard to find for a lack of adequate data and clear guiding theories. "Stands a fair chance of becoming the most influential work of economics yet published in our young century. It is the most important study of inequality in over fifty years."  -  Timothy Shenk, The NationIn 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. Thomas 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. "Piketty's Capital in the Twenty-First Century is an intellectual tour de force, a triumph of economic history over the theoretical, mathematical modelling that has come to dominate the economics profession in recent years."  -  Steven Pearlstein, The Washington PostThe 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.