
'Capital in the Twenty-First Century' by Thomas Piketty delves into the concept that wealth capital, rather than income, drives growing inequality, leading to an oligarchic society where the wealthy dictate terms to the less fortunate. Piketty provides a wealth of data on income and wealth disparities, mainly in Western countries, demonstrating a trend of increasing inequality over the years with dire social and political consequences. Through historical perspectives on inflation, capital accumulation, and taxation, Piketty argues for structural changes like a progressive capital tax to combat the rising wealth concentration among the privileged few.
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From The Publisher:
A New York Times #1 Bestseller
An Amazon #1 Bestseller
A Wall Street Journal #1 Bestseller
A USA Today Bestseller
A Sunday Times Bestseller
Winner of the Financial Times and McKinsey Business Book of the Year Award
Winner of the British Academy Medal
Finalist, National Book Critics Circle Award
"It seems safe to say that Capital in the Twenty-First Century, the magnum opus of the French economist Thomas Piketty, will be the most important economics book of the year-and maybe of the decade."
-Paul Krugman, New York Times
"The book aims to revolutionize the way people think about the economic history of the past two centuries. It may well manage the feat."
-The Economist
"Piketty's Capital in the Twenty-First Century is an intellectual tour de force, a triumph of economic history over the theoretical, mathematical modeling that has come to dominate the economics profession in recent years."
-Steven Pearlstein, Washington Post
"Piketty has written an extraordinarily important book...In its scale and sweep it brings us back to the founders of political economy."
-Martin Wolf, Financial Times
"A sweeping account of rising inequality...Piketty has written a book that nobody interested in a defining issue of our era can afford to ignore."
-John Cassidy, New Yorker
"Stands a fair chance of becoming the most influential work of economics yet published in our young century. It is the most important study of inequality in over fifty years."
-Timothy Shenk, The Nation
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