Monday, 26 May 2014
Capital in the Twenty-First Century PDF | Thomas Piketty | Free Ebook Download
Capital in the Twenty-First Century PDF Free Ebook Download
About the book
Capital in the Twenty-First Century is a book by French economist Thomas Piketty. It focuses on wealth and income inequality in Europe and the US since the 18th century. It was initially published in French in 2013, with an English translation released in April 2014. The French version of the book has sold over 50,000 copies while the English version as of 24 April 2014 has sold approximately 80,000 printed copies and over 13,000 digital copies. Over the long term, Piketty argues, this will lead to the concentration of wealth and economic instability. Piketty proposes a global system of progressive tax and transfer to help create greater equality and avoid the vast majority of wealth coming under the control of a tiny minority. Capital in the Twenty-First Century PDF Free Ebook Download
Summary of the Book
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth and the prospects for economic growth lie at the heart of political economy, but satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. Piketty shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx, but we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality - the tendency of returns on capital to exceed the rate of economic growth - today threatens to generate extreme inequalities that stir discontent and undermine democratic values, but economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, Piketty says and may do so again. A work of extraordinary ambition, originality and rigor, Capital in the Twenty-First Century reorients our understanding of economic history and confronts us with sobering lessons for today. It is the economics book taking the world by storm. "Capital in the Twenty-First Century", written by the French economist Thomas Piketty, was published in French last year and in English in March of this year. The English version quickly became an unlikely bestseller, and it has prompted a broad and energetic debate on the book’s subject: the outlook for global inequality. Some reckon it heralds or may itself cause a pronounced shift in the focus of economic policy, toward distributional questions. This newspaper has hailed Mr Piketty as "the modern Marx" (Karl, that is). But what’s it all about?