Capital in the Twenty-First Century (Hardcover)

BEFORE YOU CONTINUE SHOPPING, PLEASE NOTE!

On a temporary basis, beginning on April 2nd, your online book orders with Harvard Book Store will be processed and fulfilled by our partners at Bookshop.org/shop/HarvardBookStore. Please use this link to shop for books.

During this time, we will not be processing book or clothing orders placed here on shop.harvard.com.

We will ONLY be processing the purchases of Harvard Book Store gift cards and harvard.com gift codes made on shop.harvard.com during this time. All book orders must go through Bookshop. (Gift cards and gift codes cannot be used as payment at Bookshop, but can be used when we return to regular operations at Harvard Book Store and harvard.com. Learn more here.)

You can still support Harvard Book Store with book purchases during this time! Shop our recommendations and reading lists (or search the database for more available titles) on bookshop.org/shop/harvardbookstore—30% of all sales from this link will go to Harvard Book Store. Read more about the temporary switch here. THANK YOU!

Capital in the Twenty-First Century Cover Image
$39.95
Usually Ships in 1-5 Days

Description


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.



Coverage from NPR

Product Details
ISBN: 9780674430006
ISBN-10: 067443000X
Publisher: Belknap Press
Publication Date: April 15th, 2014
Pages: 685
Language: English