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.
Risultati 1-5 di 95
1 Part One: Income and Capital 1. Income and Output . 49 2. Growth: Illusions
and Realities . 92 Part Two: The Dynamics of the Capital/Income Ratio 3. The
Metamorphoses of Capital . 141 4. From Old Europe to the New World . 174 5.
We can measure this wealth for each country in terms of the number of years of
national income required to amass it. This type of global study of the capital/
income ratio has its limits. It is always preferable to analyze wealth inequality at
Figure I.2 shows the total value of private wealth (in real estate, financial assets,
and professional capital, net of debt) ... It then fell sharply in response to the
shocks of the period 1914–1945: the capital/income ratio decreased to just 2 or 3.
I will also use a few equations, such as α = r ×β (which says that the share of
capital in national income is equal to the product of the return on capital and the
capital/income ratio), or β=s/g (which says that the capital/income ratio is equal in
Specifically, Chapter 1 presents the concepts of national income, capital, and the
capital/income ratio and then describes in broad brushstrokes how the global
distribution of income and output has evolved. Chapter 2 gives a more detailed ...
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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