Capital in the Twenty-First Century ByThomas Piketty

Author: Thomas Piketty
Genre: Economics
Type: PDF, Epub, Mobi
Release: March 10th, 2014.
Language: English
Pages: 605 (in PDF)
Size: 24 MB
Capital in the Twenty-First Century ByThomas Piketty stands out is that he made an effort to collect as complete and consistent a set of historical sources as possible in order to study the dynamics of income and wealth distribution over the long run. This book is based on sources of two main types, which together make it possible to study the historical dynamics of wealth distribution: sources dealing with the inequality and distribution of income, and sources dealing with the distribution of wealth and the relation of wealth to income.

Capital in the Twenty-First Century PDF consists of sixteen chapters divided into four parts. Part One, titled “Income and Capital,” contains two chapters and introduces basic ideas that are used repeatedly in the remainder of the book. Part One, titled “Income and Capital,” contains two chapters and introduces basic ideas that are used repeatedly in the remainder of the book. This first part of the book contains nothing really new, and the reader familiar with these ideas and with the history of global growth since the eighteenth century may wish to skip directly to Part Two. The purpose of Part Two, titled “The Dynamics of the Capital/Income Ratio,” which consists of four chapters, is to examine the prospects for the long-run evolution of the capital/income ratio and the global division of national income between labor and capital in the twenty-first century. Part Three, titled “The Structure of Inequality,” consists of six chapters. The purpose of Part Four, titled “Regulating Capital in the Twenty-First Century” and consisting of four chapters, is to draw normative and policy lessons from the previous three parts, whose purpose is primarily to establish the facts and understand the reasons for the observed changes.

The sole purpose of the book, which logically speaking should have been entitled “Capital at the Dawn of the Twenty- First Century,” is to draw from the past a few modest keys to the future. Since history always invents its own pathways, the actual usefulness of these lessons from the past remains to be seen. I offer them to readers without presuming to know their full import.

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