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Twenty First Century Capital
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Book Synopsis Capital in the Twenty-First Century by : Thomas Piketty
Download or read book Capital in the Twenty-First Century written by Thomas Piketty and published by Harvard University Press. This book was released on 2017-08-14 with total page 817 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 this work the author 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 transform debate and set the agenda for the next generation of thought about wealth and inequality. He 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 if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.
Book Synopsis Thomas Piketty's Capital in the Twenty-First Century by : Stephen Kaufmann
Download or read book Thomas Piketty's Capital in the Twenty-First Century written by Stephen Kaufmann and published by Verso Books. This book was released on 2017-08-01 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to Thomas Piketty’s monumental work US Nobel Prize–winner Paul Krugman described Thomas Piketty’s Capital in the Twenty-First Century as “perhaps the most important book of the last decade.” It has sparked major international debates, dominated bestseller lists and generated a level of enthusiasm—as well as intense criticism—in a way no other economic or sociological work has in a long time. Piketty has been described as a new Karl Marx and placed in the same league as the economist John Maynard Keynes. The “rock star economist’s” underlying thesis is that inequality under capitalism has reached dramatic levels in the last few decades and continues to grow—and that this is not by chance. A small elite is making itself richer and richer and acquiring everincreasing levels of power. Given the sensational reception of Piketty’s not-so-easily digested 800-page study, the question as to where the hype around the book comes from deserves to be asked. What does it get right? And what should we make of it—both of the book itself and of the criticism it has received? This introduction lays out the argument of Piketty’s monumental work in a compact and understandable format, while also investigating the controversies Piketty has stirred up. In addition, the two authors demonstrate the limits, contradictions and errors of the so-called Piketty revolution.
Book Synopsis Anti-Piketty by : Jean-Philippe Delsol
Download or read book Anti-Piketty written by Jean-Philippe Delsol and published by Cato Institute. This book was released on 2017-03-01 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thomas Piketty's book Capital in the Twenty-First Century has enjoyed great success and provides a new theory about wealth and inequality. However, there have been major criticisms of his work. Anti-Piketty: Capital for the 21st Century collects key criticisms from 20 specialists—economists, historians, and tax experts—who provide rigorous arguments against Piketty's work while examining the notions of inequality, growth, wealth, and capital.
Book Synopsis World Population and Human Capital in the Twenty-First Century by : Wolfgang Lutz
Download or read book World Population and Human Capital in the Twenty-First Century written by Wolfgang Lutz and published by Oxford University Press. This book was released on 2017 with total page 737 pages. Available in PDF, EPUB and Kindle. Book excerpt: Condensed into a detailed analysis and a selection of continent-wide datasets, this revised edition of World Population & Human Capital in the Twenty-First Century addresses the role of educational attainment in global population trends and models. Presenting the full chapter text of the original edition alongside a concise selection of data, it summarizes past trends in fertility, mortality, migration, and education, and examines relevant theories to identify key determining factors. Deriving from a global survey of hundreds of experts and five expert meetings on as many continents, World Population & Human Capital in the Twenty-First Century: An Overview emphasizes alternative trends in human capital, new ways of studying ageing and the quantification of alternative population, and education pathways in the context of global sustainable development. It is an ideal companion to the county specific online Wittgenstein Centre Data Explorer.
Book Synopsis Capital and Ideology by : Thomas Piketty
Download or read book Capital and Ideology written by Thomas Piketty and published by Harvard University Press. This book was released on 2020-03-10 with total page 1105 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times Bestseller An NPR Best Book of the Year The epic successor to one of the most important books of the century: at once a retelling of global history, a scathing critique of contemporary politics, and a bold proposal for a new and fairer economic system. Thomas Piketty’s bestselling Capital in the Twenty-First Century galvanized global debate about inequality. In this audacious follow-up, Piketty challenges us to revolutionize how we think about politics, ideology, and history. He exposes the ideas that have sustained inequality for the past millennium, reveals why the shallow politics of right and left are failing us today, and outlines the structure of a fairer economic system. Our economy, Piketty observes, is not a natural fact. Markets, profits, and capital are all historical constructs that depend on choices. Piketty explores the material and ideological interactions of conflicting social groups that have given us slavery, serfdom, colonialism, communism, and hypercapitalism, shaping the lives of billions. He concludes that the great driver of human progress over the centuries has been the struggle for equality and education and not, as often argued, the assertion of property rights or the pursuit of stability. The new era of extreme inequality that has derailed that progress since the 1980s, he shows, is partly a reaction against communism, but it is also the fruit of ignorance, intellectual specialization, and our drift toward the dead-end politics of identity. Once we understand this, we can begin to envision a more balanced approach to economics and politics. Piketty argues for a new “participatory” socialism, a system founded on an ideology of equality, social property, education, and the sharing of knowledge and power. Capital and Ideology is destined to be one of the indispensable books of our time, a work that will not only help us understand the world, but that will change it.
Download or read book Pocket Piketty written by Jesper Roine and published by Zed Books Ltd.. This book was released on 2017-09-01 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thomas Piketty’s Capital in the Twenty-First Century has been hailed as a masterpiece, making a powerful case that wealth inequality is not an accident, but rather an inherent feature of capitalism. But how many of us who bought or borrowed the book have read more than a fraction of its 700+ pages? And how many of Piketty’s groundbreaking ideas have gone unappreciated, all for want of intellectual stamina? In this handy volume, Jesper Roine – whose own work was relied upon by Piketty – explains in clear and accessible prose the key concepts behind, and controversies surrounding, Piketty’s landmark work.
Book Synopsis The Captured Economy by : Brink Lindsey
Download or read book The Captured Economy written by Brink Lindsey and published by Oxford University Press. This book was released on 2017-10-13 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: For years, America has been plagued by slow economic growth and increasing inequality. In The Captured Economy, Brink Lindsey and Steven M. Teles identify a common factor behind these twin ills: breakdowns in democratic governance that allow wealthy special interests to capture the policymaking process for their own benefit. They document the proliferation of regressive regulations that redistribute wealth and income up the economic scale while stifling entrepreneurship and innovation. They also detail the most important cases of regulatory barriers that have worked to shield the powerful from the rigors of competition, thereby inflating their incomes: subsidies for the financial sector's excessive risk taking, overprotection of copyrights and patents, favoritism toward incumbent businesses through occupational licensing schemes, and the NIMBY-led escalation of land use controls that drive up rents for everyone else. An original and counterintuitive interpretation of the forces driving inequality and stagnation, The Captured Economy will be necessary reading for anyone concerned about America's mounting economic problems and how to improve the social tensions they are sparking.
Download or read book After Piketty written by Heather Boushey and published by Harvard University Press. This book was released on 2017-05-08 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are Thomas Piketty’s analyses of inequality on target? Where should researchers go from here in exploring the ideas he pushed to the forefront of global conversation? In After Piketty, a cast of economists and other social scientists tackle these questions in dialogue with Piketty, in what is sure to be a much-debated book in its own right.
Book Synopsis Understanding Piketty's Capital in the Twenty-First Century by : Steven Pressman
Download or read book Understanding Piketty's Capital in the Twenty-First Century written by Steven Pressman and published by Routledge. This book was released on 2015-10-05 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thomas Piketty’s Capital in the Twenty-First Century reached the top of most best-seller lists last year shortly after it was released. Nonetheless, few people actually read the book. Yet reviewers have agreed that the book is important because it touches on one of the major problems facing the US economy, the UK economy and many developed nations: rising income and wealth inequality. It also provides an explanation of the problem and a policy solution: a global wealth tax. This book is intended to do three things. First, it provides a summary of the argument of Piketty’s book, which many people have bought and few people have read. Second, it fills in some of the gaps in the book, by providing readers with the background that is needed to understand the volume and the argument. This background information discusses economic data sources, measures of inequality and why income inequality is such an important issue today. Finally, the work provides a defense of Piketty’s analysis and at times some criticism of his work. Pressman explains why the problem of rising inequality is important, where Piketty’s data comes from, and the strengths and weaknesses of that data. It defends Piketty’s inequality, r>g, as the reason inequality has risen over the past several decades in many developed nations. Using Piketty’s own data, this book argues that rising inequality is not just a characteristic of capitalism, but results from different growth rates for income and wealth, which can occur under any type of economic system. Understanding Piketty's Capital in the Twenty-First Century is the ideal introduction to one of the most important books of recent years for anyone interested in Piketty’s work and the inevitability of inequality.
Book Synopsis Twenty-first-century capital by : Aleksander Buzgalin
Download or read book Twenty-first-century capital written by Aleksander Buzgalin and published by Manchester University Press. This book was released on 2021-11-30 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: How would Marx have understood twenty-first-century capitalism? For Buzgalin and Kolganov, the answer lies in a theoretical investigation of how and why the fundamental elements of capitalism– commodities, money and capital – have changed since the publication of Marx’s Capital more than 150 years ago. Introducing the concepts of social creativity, markets for simulacra and virtual fictitious capital – Buzgalin and Kolganov offer a recovery and development of Marx’s understanding of social transformations. Twenty-first century capitalism not only demonstrates Marxism’s relevance to the core economic questions of our time and its superiority over neoclassical economics, but it leads English-language readers into the ‘undiscovered country’ of Soviet and post-Soviet critical Marxism. How might modern Marxism respond to the contemporary challenges of the commodification of knowledge and information? And can it arrive at something resembling a Capital for the twenty-first century? This accessible and comprehensive account is essential reading for those wanting to understand the problems of the modern economy.
Book Synopsis Summary of Capital in the Twenty-First Century by : Instaread
Download or read book Summary of Capital in the Twenty-First Century written by Instaread and published by Createspace Independent Publishing Platform. This book was released on 2016-06-06 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Summary of Capital in the Twenty-First Century by Thomas Piketty | Includes Analysis Preview: Thomas Piketty's Capital in the Twenty-First Century is a study of inequity, both historically and in the present. The book describes how the concentration of wealth has changed over time. Its central thesis is that return on capital is greater than growth over time, which means that capital and inequality inevitably increase. The book also considers the ways governments might address the increasing concentration of wealth in the future. Many economists have argued that increasing worker productivity in the modern era will inevitably result in reduced inequality. The historical record suggests that this is untrue. For most of history, there has been a huge gap between the rich and poor with no real middle class. That changed in developed countries during the twentieth century for a number of reasons. First, two world wars caused massive shocks to the status quo and resulted in severe losses to many holders of capital... PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Inside this Instaread Summary of Capital in the Twenty-First Century: · Overview of the Book · Important People · Key Takeaways · Analysis of Key Takeaways About the Author With Instaread, you can get the key takeaways, summary and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.
Book Synopsis Piketty's Capital in the Twenty-First Century by : Edward Fullbrook
Download or read book Piketty's Capital in the Twenty-First Century written by Edward Fullbrook and published by . This book was released on 2014-11-24 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thomas Piketty's book Capital in the 21st Century has already attracted more serious attention than any economics book published in the last seventy-five years. This collection of 17 essays by some of the world's most prominent economists explores Piketty's book at depth and from various vantage points. Here is what economists around the world are already saying about this book. "Marx's Capital is strong on theory but, it detractors allege, weak on data. In a dialectic worthy of Hegel himself, the critics assembled here argue that Piketty's Capital stands opposite to Marx's, as strong on data but weak on theory. This combination--plus its exquisite timing--explains it critical acclaim. The juxtaposition of economic stagnation and obscene inequality in the aftermath of the financial crisis made it impossible for mainstream economists to continue ignoring inequality, let alone applauding it as they have done for so long. Piketty made it possible for them to acknowledge it without abandoning their comforting but false mainstream theories of capitalism. These authors in this volume applaud Piketty for his contribution to empirical knowledge, but reject his views on how this inequality came about. The true Capital for the 21st century is still yet to be written." - Steve Keen, Kingston University, London "Neoclassical economics spawned a utopian belief in capitalism with unregulated market forces. Thomas Piketty's empirical analysis has dealt a fatal blow to that belief by highlighting the recent huge redistributions of income and wealth to the ultra-rich. This raises a fundamental question for people around the world: How do we achieve a better world through economic policies? This global collection addresses that question and explores theoretical explanations for Piketty's empirical findings." - Ping Chen, Fudan University and Peking University, China "Are the theoretical explanations proposed by Thomas Piketty of the rising inequalities valid? What is the meaning of his first and second "laws" of capitalism? This book is indispensable for anyone seeking answers to these questions." - Andre Orlean, Ecole des Hautes Etudes en Sciences Sociales, Paris "By examining Thomas Piketty's Capital in the Twenty-First Century from different angles, the 18 contributors to this invaluable book add enormously to our understanding of inequality and of policy options for reducing it. They point to the lack of a distinction between rentier income and earned income, to the severe limits of marginal productivity theory that Piketty employs and to the utopian nature of Piketty's only suggested remedy. - Norbert Haering, Economics Editor, Handelsblatt, Germany "Piketty's book Capital in the Twentieth Century served the cause of drawing the world's attention to inequality under capitalism in the long haul, based on a fresh and innovative look at new evidence. This book serves that cause even better by focusing on the inadequacies of Piketty's analysis of the processes and mechanisms leading to that inequality, and, therefore, on what needs to be done to address it." - C. P. Chandrasekhar, Jawaharlal Nehru University, New Delhi "Thomas Piketty's Capital in the Twenty-First Century was the publishing sensation of 2104, focussing the world's attention on the huge and continuing growth in inequality that poses a serious economic, political and social threat to us all. In this important new book, 18 economists from Europe, North America and Asia offer sympathetic but critical appraisals of Piketty's theoretical framework, his empirical analysis and his radical policy proposals. This is not the last word on Piketty - whatever could be? - but it is indispensable reading for everyone who is interested in one of the most important challenges of our time." - John King, La Trobe University, Australia
Download or read book Capital written by Rana Dasgupta and published by Fourth Estate. This book was released on 2014-01-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is said of Indian cities that Calcutta, the former British capital, owned the nineteenth century, Bombay, centre of films and corporations, possessed the twentieth, while Delhi, seat of politics, has the twenty-first. The boom following the opening up of India's economy in the early 1990s plunged its capital city into a tumult of destruction and creation: slums and markets were bulldozed or burnt down, and shopping malls and apartment blocks erupted from the ruins - or upon agricultural land taken over in the interests of business and modernization. Immense fortunes were made, and in the glassy stores lining the new highways, customers paid for global luxury with bags of cash. Meanwhile, hundreds of thousands of people from the rural hinterland streamed into the newly formed 'National Capital Region' looking for work, which they often found constructing, cleaning or guarding the homes of the increasingly affluent middle class. The transformation of the city was stern, abrupt and unequal, and it gave rise to new and bewildering feelings. Delhi brimmed with ambition and rage. Bizarre crimes stole the headlines. In his first work of non-fiction, Rana Dasgupta shows us this new Delhi through the eyes of its people. With the lyricism and empathy of a novelist, he takes us through a series of encounters - with billionaires and bureaucrats, drug dealers and metal traders, slum dwellers and psychoanalysts - which plunge us into the city's intoxicating, and sometimes terrifying, story of capitalist transformation.
Book Synopsis Financial Capital in the 21st Century by : Achim Szepanski
Download or read book Financial Capital in the 21st Century written by Achim Szepanski and published by Springer Nature. This book was released on 2022-02-02 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book’s central theme is to develop a new theory of speculative capital related to other forms of capital, the world market, and the state. Unlike most Marxist and heterodox theories, the book distinguishes credit and fictitious capital from speculative capital to show its hegemony today in the capital markets. Speculative capital structures and also controls the so-called “real capital.” The method is Marxist while also incorporating material from contemporary Marxist and heterodox authors like John Milios, Robert Meister, Tony Norfeld, Li Puma, Harald Strauß, Michael Heinrich, Suhail Malik, Bichler/Nitzan and Ellie Ayache. Offering a comprehensive study of the logic and mode of existence of capital in the 21st century, the book will be of interest to academics and students of monetary and financial economics alongside political economy.
Book Synopsis Planning Twentieth Century Capital Cities by : David Gordon
Download or read book Planning Twentieth Century Capital Cities written by David Gordon and published by Routledge. This book was released on 2006-09-27 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The twentieth century witnessed an unprecedented increase in the number of capital cities worldwide – in 1900 there were only about forty, but by 2000 there were more than two hundred. And this, surely, is reason enough for a book devoted to the planning and development of capital cities in the twentieth century. However, the focus here is not only on recently created capitals. Indeed, the case studies which make up the core of the book show that, while very different, the development of London or Rome presents as great a challenge to planners and politicians as the design and building of Brasília or Chandigarh. Put simply, this book sets out to explore what makes capital cities different from other cities, why their planning is unique, and why there is such variety from one city to another. Sir Peter Hall’s ‘Seven Types of Capital City’ and Lawrence Vale’s ‘The Urban Design of Twentieth Century Capital Cities’ provide the setting for the fifteen case studies which follow – Paris, Moscow and St Petersburg, Helsinki, London, Tokyo, Washington, Canberra, Ottawa-Hull, Brasília, New Delhi, Berlin, Rome, Chandigarh, Brussels, New York. To bring the book to a close Peter Hall looks to the future of capital cities in the twenty-first century. For anyone with an interest in urban planning and design, architectural, planning and urban history, urban geography, or simply capital cities and why they are what they are, Planning Twentieth Century Capital Cities will be the key source book for a long time to come.
Book Synopsis The Economics of Inequality by : Thomas Piketty
Download or read book The Economics of Inequality written by Thomas Piketty and published by Harvard University Press. This book was released on 2015-08-03 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Succinct, accessible, and authoritative, Thomas Piketty’s The Economics of Inequality is the ideal place to start for those who want to understand the fundamental issues at the heart of one the most pressing concerns in contemporary economics and politics. This work now appears in English for the first time.
Book Synopsis Capital in the Twenty-First Century by : Nick Broten
Download or read book Capital in the Twenty-First Century written by Nick Broten and published by CRC Press. This book was released on 2017-07-05 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thomas Piketty is a fine example of an evaluative thinker. In Capital in the Twenty-First Century, he not only provides detailed and sustained explanations of why he sees existing arguments relating to income and wealth distribution as flawed, but also gives us very detailed evaluations of the significance of a vast amount of data explaining why incomes is distributed in the ways it is. As Piketty stresses, “the distribution question... deserves to be studied in a systematic and methodical fashion.” This stress on evaluating the significance of data leads him to focus on the central evaluative questions, and look in turn at the acceptability, relevance, and adequacy of existing justifications for the unequal distribution of wealth. In doing so, Piketty applies his understanding of the data to answering the deeply important question of what political structures and what policies are necessary to move us towards a more equal society. Piketty’s evaluation of the data supports his argument that inequality cannot be depended on to reduce over time: indeed, without government intervention, it is highly likely to increase. In addition, he evaluates international data to argue that poor countries do not necessarily become less poor as a result of foreign investment. This strong emphasis on the interrogation of data, rather than the building mathematical models that are divorced from data, is a defining feature of Piketty’s work.
