Capital in the Twenty-First Century
Harvard University Press, 14 ago 2017 - 816 pagine
The main driver of inequality—returns on capital that exceed the rate of economic growth—is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty’s findings in this ambitious, original, rigorous work will transform debate and set the agenda for the next generation of thought about wealth and inequality.
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This work would remain unfinished: the first volume of Capital was published in
1867, but Marx died in 1883 without ... or capital's share of national income would
increase indefinitely (which sooner or later would unite the workers in revolt).
The law of supply and demand, as well as the mobility of capital and labor, which
is a variant of that law, may always tend ... so that labor's share of income will rise
as capital's share falls: one might call this the “rising human capital hypothesis.
between his compensation and theirs.4 Indeed, if capital ownership were equally
distributed and each worker received an equal share of profits in addition to his
or her wages, virtually no one would be interested in the division of earnings ...
Very soon, however, capital began to reconstitute itself. The growth of capital's
share accelerated with the victories of Margaret Thatcher in England in 1979 and
Ronald Reagan in the United States in 1980, marking the beginning of a ...
For example, if β = 600% and r= 5%, then α =r×β= 30%.13 In other words, if
national wealth represents the equivalent of six years of national income, and if
the rate of return on capital is 5 percent per year, then capital's share in national ...
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Valutazioni degli utenti
LibraryThing ReviewRecensione dell'utente - willszal - LibraryThing
I remember being in a book shop in San Francisco when “Capital in the 21st Century” was first published in 2014. It couldn’t have been more timely, following on the heels of Occupy Wall Street and the ... Leggi recensione completa
LibraryThing ReviewRecensione dell'utente - DLMorrese - LibraryThing
There's a lot of good data here, and some excellent recommendations, but.... Like a lot of economics books, this one is pretty dry. The first 300 pages tend to belabor the obvious, repeating the same ... Leggi recensione completa