Capital in the Twenty-First Century
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 analyzes 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."
NEWS & OPINION: The FT & McKinsey Business Book of the Year
NEWS & OPINION: And the Winners Are...
NEWS & OPINION: The 800-CEO-READ Business Book Awards Longlist
NEWS & OPINION: 2014 FT/McKinsey Book of the Year Announced
NEWS & OPINION: strategy+business's Best Books of 2014
Hardcover Non-returnable Discounts
|1 - 24||$31.96||20%|
|25 - 99||$27.96||30%|
|100 - 499||$25.97||35%|
|500 - 999||$25.17||37%|
Need 1000 or more?
Additional discounts may be available. Please call 1-800-236-7323 for more information.
You may also place an order online at the highlighted discount for any quantity over 500.
|App required||iOS or Google Play|
|Publisher||Harvard University Press|
Interested in eBooks? — Please read our brief introduction before purchasing.