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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544 Part Four: Regulating Capital in the Twenty-First Century 13. A Social State
for the Twenty-First Century . 597 14. Rethinking the Progressive Income Tax .
630 15. A Global Tax on Capital . 663 16. The Question of the Public Debt .
Chapter 16 deals with the pressing question of public debt and the related issue
of the optimal accumulation of public capital at a time when natural capital may
be deteriorating. One final word. It would have been quite presumptuous in 1913
By definition, national wealth is the sum of these two terms: National wealth =
private wealth + public wealth Public wealth in most developed countries is
currently insignificant (or even negative, where the public debt exceeds public
Investments in real estate and bonds frequently return 3–4 percent, while the real
rate of interest on public debt is sometimes much lower. The formula α =r× β tells
us nothing about these subtleties, but it does tell us how to relate these three ...
Giffen marveled at the size of Britain's stock of industrial capital as well as the
stock of foreign assets acquired since the Napoleonic wars, which was many
times larger than the entire public debt due to those wars.17 In France at about
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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