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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... effective empirical demonstration of a fact long denied by neoclassical
economics and its champions throughout the world: markets, when left to their
own devices, do not provide individuals with rewards that are proportional to their
The price system plays a key role in coordinating the activities of millions of
individuals—indeed, today, billions of individuals in the new global economy.
The problem is that the price system knows neither limits nor morality. It would be
In particular, I have compiled data collected by the French government at various
times and, together with Gilles Postel-Vinay and JeanLaurent Rosenthal, have
put together a huge collection of individual estate tax returns, with which it has ...
Nonhuman capital, which in this book I will call simply “capital,” includes all forms
of wealth that individuals (or groups of individuals) can own and that can be
transferred or traded through the market on a permanent basis. In practice,
I include “immaterial” capital such as patents and other intellectual property,
which are counted either as nonfinancial assets (if individuals hold patents
directly) or as financial assets (when an individual owns shares of a corporation
that holds ...
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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