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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To be sure, the first attempts to estimate national income in Britain and France
date back to the late seventeenth and early eighteenth century, and there would
be many more such attempts over the course of the nineteenth century. But these
In any event, the data that Kuznets collected allowed him to calculate the
evolution of the share of each decile, as well as of the upper centiles, of the
income hierarchy in total US national income. What did he find? He noted a
sharp reduction ...
a r k e t v a l u e o f p r i v a t e c a p i t a l ( n a t i o n a l i n c o m e Germany
France Britain M ) figure I.2. The capital/income ratio in Europe, 1870–2010
Aggregate private wealth was worth about six to seven years of national income
in Europe ...
Note, first of all, the very high level of private wealth in Europe in the late
nineteenth century: the total amount of private wealth hovered around six or
seven years of national income, which is a lot. It then fell sharply in response to
the shocks of ...
The most fruitful way to understand these changes is to analyze the evolution of
the capital/income ratio (that is, the ratio of the ... In the remainder of this chapter, I
will begin by presenting the concepts of domestic product and national income, ...
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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