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Capital in the Twenty-First Century

A New York Times #1 Bestseller An Amazon #1 Bestseller A Wall Street Journal #1 Bestseller A USA Today Bestseller A Sunday Times Bestseller Winner of the Financial Times and McKinsey Business Book of the Year Award Winner of the British Academy Medal Finalist, National Book Critics Circle Award "It seems safe to say that Capital in the Twenty-First Century, the magnum opus of the French economist Thomas Piketty, will be the most important economics book of the year-and maybe of the decade." -Paul Krugman, New York Times "The book aims to revolutionize the way people think about the economic history of the past two centuries. It may well manage the feat." -The Economist "Piketty's Capital in the Twenty-First Century is an intellectual tour de force, a triumph of economic history over the theoretical, mathematical modeling that has come to dominate the economics profession in recent years." -Steven Pearlstein, Washington Post "Piketty has written an extraordinarily important book...In its scale and sweep it brings us back to the founders of political economy." -Martin Wolf, Financial Times "A sweeping account of rising inequality...Piketty has written a book that nobody interested in a defining issue of our era can afford to ignore." -John Cassidy, New Yorker "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 Nation

yazar Capital in the Twenty-First Century:Thomas Piketty

Capital in the Twenty-First Century kitabının yorumları - (5)

J. lee

Outstanding analysis of inequality Piketty's work here is an outstanding analysis of the extent of inequality throughout history (as far as records are available). As someone with no formal training in economics, but a growing interest in the topic given the current political/economic climate of the world, this book delivered a brief and basic economics lesson in addition to the analysis of inequality in some of the worlds major economies. If you have the time to read such a large book (~ 600 pages, with a notes section at the end not included in that figure), I'd definitely recommend it

Jay

Good content spoilt by long overly indulgent prose I read about a third of the book and gave up. It’s contains some excellent research but the content in the 250 odd pages I read could easily have been covered in 100 pages. The prose is stodgy with little effort to keep it crisp and short. Fine if you are academic and happy spending hours ploughing through it but frustrating for a casual interested reader like me.

Oliver Chandler

Academically brilliant but boring Piketty is brilliant, the arguments in this book are essential for anyone wanting to understand inequality. The premise of the argument is comprehensive and convincing. However, its delivery is dry, dry, dry... he could perhaps have used having two version of this book, one that's about half the length and delivers the key premises of the argument and one which goes into the numbers more extensively. The book is undoubtedly a slog, and consequently, the impact of the argument will not be what it otherwise could have been.

E. LORENZO

Must read to understand the world Not too technical, still a pleasure to read even if not interested in the most technical details. Some paragraphs are pure pearls of wisdom.

Vigilantius

Wise, punchy and convincing Startlingly lucid and wise - a much underrated virtue - Picketty’s tome is a delight to read, albeit in small doses. His long run ‘serial history’ data are remarkably clear, with useful 2 line summaries of the main inferences. As many readers will know, Picketty’s view is that in normal circumstances (ie peace), inequality will increase because private capital grows faster than national income. (However, research on eight centuries of real interest rates, by P. Schmelzing and published by the Bank of England in 2020, showed a continuous trend line of declining real returns on capital, which implies that there are forces acting against the steady concentration of wealth and hence tending to reduce inequality.) The world war years of 1914-1945 and the subsequent two decades in the West were anomalies in that public spending and the public good trumped private capitalist accumulation. Now, says Picketty, we are back to ‘normal’ inequitable times. Picketty proposes a progressive, annual tax on wealth to promote equality and the broader public good - but acknowledges that this requires a degree of international cooperation and solidarity which is highly unlikely. Picketty also lambasts the sterile mathematical obsession of many economists, emphasising that economics is a ‘subdiscipline of the social sciences’ and cannot be separated from politics and history. It is about human behaviour, and how to run things so as to promote an ideal society. This begs all sorts of questions, but puts economics firmly in the moral, political and philosophical realm - not that of an objective ‘science’. As a former macroeconomic forecaster, I applaud Picketty for his intelligent and wide realism. As a concerned citizen, I wish fervently that our casino capitalist, over-consuming society could agree on reforming our market economy system before it collapses - and before we are turned irredeemably into zombie slaves of our shallowest desires.