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Capital in the twenty-first century / Thomas Piketty ; translated by Arthur Goldhammer.

Piketty, Thomas, 1971- (author.). Goldhammer, Arthur, (translator.).

Summary:

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 this work the author 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 transform debate and set the agenda for the next generation of thought about wealth and inequality. He 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 if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.

Record details

  • ISBN: 067443000X
  • ISBN: 9780674430006
  • Physical Description: viii, 685 pages : illustrations ; 25 cm
  • Publisher: Cambridge Massachusetts : The Belknap Press of Harvard University Press, 2014.

Content descriptions

General Note:
Translation of the author's Le capital au XXIe siècle.
Bibliography, etc. Note:
Includes bibliographical references and index.
Formatted Contents Note:
Income and Capital. Income and output ; Growth: illusions and realities. -- The Dynamics of the Capital/Income Ratio. The metamorphoses of capital ; From old Europe to the new world ; The capital/income ratio over the long run ; The capital-labor split in the twenty-first century. -- The Structure of Inequality. Inequality and concentration: preliminary bearings ; Two worlds ; Inequality of labor income ; Inequality of capital ownership ; Merit and inheritance in the long run ; Global inequality of wealth in the twenty-first century. -- Regulating Capital in the Twenty-First Century. A social state for the twenty-first century ; Rethinking the progressive income tax ; A global tax on capital ; The question of the public debt.
Subject:
Capital.
Income distribution.
Labor economics.
Wealth.

Available copies

  • 27 of 30 copies available at NC Cardinal. (Show)
  • 1 of 1 copy available at Onslow County Public Library.

Holds

  • 0 current holds with 30 total copies.
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Location Call Number / Copy Notes Barcode Shelving Location Status Due Date
Jacksonville Main Library 332.041 PIK (Text) 36015000672929 Adult Nonfiction Available -

Accessibility Features

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1001 . ‡aPiketty, Thomas, ‡d1971- ‡eauthor. ‡0(CARDINAL)636283
24010. ‡aCapital au XXIe siècle. ‡lEnglish
24510. ‡aCapital in the twenty-first century / ‡cThomas Piketty ; translated by Arthur Goldhammer.
2463 . ‡aCapital in the 21st century
264 1. ‡aCambridge Massachusetts : ‡bThe Belknap Press of Harvard University Press, ‡c2014.
300 . ‡aviii, 685 pages : ‡billustrations ; ‡c25 cm
336 . ‡atext ‡btxt ‡2rdacontent
337 . ‡aunmediated ‡bn ‡2rdamedia
338 . ‡avolume ‡bnc ‡2rdacarrier
500 . ‡aTranslation of the author's Le capital au XXIe siècle.
504 . ‡aIncludes bibliographical references and index.
5050 . ‡aIncome and Capital. Income and output ; Growth: illusions and realities. -- The Dynamics of the Capital/Income Ratio. The metamorphoses of capital ; From old Europe to the new world ; The capital/income ratio over the long run ; The capital-labor split in the twenty-first century. -- The Structure of Inequality. Inequality and concentration: preliminary bearings ; Two worlds ; Inequality of labor income ; Inequality of capital ownership ; Merit and inheritance in the long run ; Global inequality of wealth in the twenty-first century. -- Regulating Capital in the Twenty-First Century. A social state for the twenty-first century ; Rethinking the progressive income tax ; A global tax on capital ; The question of the public debt.
520 . ‡aWhat 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 this work the author 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 transform debate and set the agenda for the next generation of thought about wealth and inequality. He 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 if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.
650 0. ‡aCapital. ‡0(CARDINAL)232708
650 0. ‡aIncome distribution. ‡0(CARDINAL)241962
650 0. ‡aLabor economics. ‡0(CARDINAL)243792
650 0. ‡aWealth. ‡0(CARDINAL)258031
7001 . ‡aGoldhammer, Arthur, ‡etranslator. ‡0(CARDINAL)636265
902 . ‡aMARCIVE 201809
902 . ‡aMARCIVE 201912
901 . ‡a6459997 ‡bOCLC ‡c6459997 ‡tbiblio