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Capital in the Twenty-First Century by Thomas Piketty at Abbey's Bookshop,

Capital in the Twenty-First Century

Thomas Piketty


Harvard Uni.Press Academi

Central government policies;
Business & Economics;
Economic theory & philosophy;
Development economics;
Political economy;
Economic history


640 pages

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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.

In Capital in the Twenty-First Century,  Thomas Piketty analyses a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings will transform debate and set the agenda for the next generation of thought about wealth and inequality.

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.

By:   Thomas Piketty
Imprint:   Harvard Uni.Press Academi
Country of Publication:   United States
Dimensions:   Height: 244mm,  Width: 168mm,  Spine: 47mm
Weight:   1.207kg
ISBN:   9780674430006
ISBN 10:   067443000X
Pages:   640
Publication Date:   April 2014
Audience:   College/higher education ,  Professional and scholarly ,  Further / Higher Education ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active

Defies left and right orthodoxy by arguing that worsening inequality is an inevitable outcome of free market capitalism [It] suggests that traditional liberal government policies on spending, taxation and regulation will fail to diminish inequality Without what [Piketty] acknowledges is a politically unrealistic global wealth tax, he sees the United States and the developed world on a path toward a degree of inequality that will reach levels likely to cause severe social disruption. Final judgment on Piketty s work will come with time--a problem in and of itself, because if he is right, inequality will worsen, making it all the more difficult to take preemptive action.--Thomas B. Edsall New York Times (01/28/2014)

  • Commended for National Book Critics Circle Award (Nonfiction) 2014
  • Winner of PROSE (Economics) 2015
  • Winner of PROSE (Excel in Soc. Science) 2015
  • Winner of PROSE (R.R. Hawkins Award) 2015
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