Originally published as Le capital au XXI siecle, 2013. Includes index.
Contents:
Part IV. The question of the public debt. Income and output ; Growth : illusions and realities -- Part II. The dynamics of the capital/income ratio. The metamorphoses of capital ; From old Europe to the new world ; The capital/income ratio over the long run ; The capital-labor split in the twenty-first century -- Part III. The structure of inequality. Inequality and concentration : preliminary bearings ; Two worlds ; Inequality of labor income ; Inequality of capital ownership ; Merit and inheritance in the long run ; Global inequality of wealth in the twenty-first century -- Part IV. Regulating capital in the twenty-first century. A social state for the twenty-first century ; Rethinking the progressive income tax ; A global tax on capital ; The question of the public debt.
Summary:
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.
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