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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This type of data allows us to measure a country's total income. In order to gauge
the share of high incomes in national income, we also need statements of income
. Such information became available when many countries adopted a ...
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 ...
This fundamental inequality, which I will write as r > g (where r stands for the
average annual rate of return on capital, including profits, dividends, interest,
rents, and other income from capital, expressed as a percentage of its total value,
and g ...
The most fruitful way to understand these changes is to analyze the evolution of
the capital/income ratio (that is, the ratio of the total stock of capital to the annual
flow of income) rather than focus exclusively on the capital-labor split (that is, the
National income is closely related to the idea of GDP, which comes up often in
public debate. There are, however, two important differences between GDP and
national income. GDP measures the total of goods and services produced in a ...
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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