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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both demographic growth and productivity growth, coupled with political regimes
that objectively favor private capital. ... begin by presenting the concepts of
domestic product and national income, capital and labor, and the capital/income
In order to calculate national income, one must first subtract from GDP the
depreciation of the capital that made this production possible: in other words, one
must deduct wear and tear on buildings, infrastructure, machinery, vehicles, ...
To sum up, a country's national income may be greater or smaller than its
domestic product, depending on whether net income from abroad is positive or
negative. National income=domestic output + net income from abroad6 At the
The same problem arises in connection with natural resources such as petroleum
, gas, rare earth elements, and the like, whose pure value is hard to distinguish
from the value added by the investments needed to discover new deposits and ...
To summarize, I define “national wealth” or “national capital” as the total market
value of everything owned by the residents and government of a given country at
a given point in time, provided that it can be traded on some market.8 It consists ...
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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