The main driver of inequality—returns on capital that exceed the rate of economic growth—is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty’s findings in this ambitious, original, rigorous work will transform debate and set the agenda for the next generation of thought about wealth and inequality.
capital in the twenty first century
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Economics inequality, uneven concentration of wealth, and prospects of economic growth will stay amongst the top of the world’s issues list of all time. Modernization of economic growth as well as more even spread of knowledge have played a great role in minimizing inequalities at least to a lesser extent than what Karl Marx has predicted. However, the tendency of returns on capital to exceed economic growth rate still aids to the creation of significant inequality. Brilliantly added with empirical data and not just arguments, “Capital in the Twenty First Century” provides a comparative historical research on income inequality that is definitive, fresh, and enlightening. A major work on inequalities throughout economic history, “Capital in the Twenty First Century” uncovers major economic and social patterns, providing answers through a vast collection of data to supplement the already provided clear guiding theories. This book is extraordinarily ambitious and rigor, aiming to reorient the reader’s understanding of the history of economy. Further, the readers will be confronted by awakening economic lessons in today’s modern life. It is monumental and influential especially with regard to making an economic analysis. Written by a renowned French economist, Thomas Piketty, “Capital in the Twenty First Century” is one of the most important books of the year, if not of the decade. It compares history and its relevance in the modern day society.
This volume of essays builds upon renewed interest in the long-run global development of wealth and inequality stimulated by the publication in 2014 of Thomas Piketty's Capital in the Twenty-First Century. It brings together an international team of leading economic historians and economists to provide a comprehensive overview of global developments in the theory, practice, and policy of inequality, and its place in the modern world order. The contributors take stock of the key concepts involved - capital, wealth and income, inequality, economic development, financialization - and evaluate the evidence for historical trends in existing national statistical data sources. To the developed economies upon which Piketty drew are added contributions covering Latin America, Africa, India, and Japan, providing a global perspective upon a global phenomenon. The book seeks to provide readers with a deeper awareness and understanding of the significance of equality and inequality in economic development, the varying pace of economic change around the world, and the manner in which this process of change affects the distribution of wealth and inequality in diverse economies. The collection marks an important step in the process of developing Piketty's analytical framework and empirical material, overcoming its limitations and helping to cement a lasting place for inequality in the agenda of growth theory.
It can be hard for busy professionals to find the time to read the latest books. Stay up to date in a fraction of the time with this concise guide. Thomas Piketty’s 2013 book Capital in the Twenty-First Century was an immediately bestseller in the UK and US, and has been widely praised by both economists and the general public. Piketty provides a richly detailed account of the development of inequality in the Western world, and argues that economic inequality is an inherent feature of capitalism and can only be resolved by decisive action from governments. His powerful historical insights are backed by extensive data and analysis, thus offering a thorough critique of the modern capitalist system. Whatever your political and economic leanings, Piketty’s ideas are sure to provide plenty of food for thought. This book review and analysis is perfect for: • Anyone interested in the causes of wealth inequality in Europe and the USA • Anyone who wants to understand how this inequality can be overcome • Students of, or anyone interested in, modern politics and economics About 50MINUTES.COM | BOOK REVIEW The Book Review series from the 50Minutes collection is aimed at anyone who is looking to learn from experts in their field without spending hours reading endless pages of information. Our reviews present a concise summary of the main points of each book, as well as providing context, different perspectives and concrete examples to illustrate the key concepts.
Thomas Piketty’s Capital in the Twenty-First Century has been hailed as a masterpiece, making a powerful case that wealth inequality is not an accident, but rather an inherent feature of capitalism. But how many of us who bought or borrowed the book have read more than a fraction of its 700+ pages? And how many of Piketty’s groundbreaking ideas have gone unappreciated, all for want of intellectual stamina? In this handy volume, Jesper Roine – whose own work was relied upon by Piketty – explains in clear and accessible prose the key concepts behind, and controversies surrounding, Piketty’s landmark work.
In Thomas A. Stewart’s bestselling first book, Intellectual Capital, he redefined the priorities of businesses around the world, demonstrating that the most important assets companies own today are often not tangible goods, equipment, financial capital, or market share, but the intangibles: patents, the knowledge of workers, and the information about customers and channels and past experience that a company has in its institutional memory. Now in his new book, The Wealth of Knowledge, Stewart--widely acknowledged as the world’s leading expert on working with intellectual capital in today’s knowledge economy--reveals how today’s companies are applying the concept of intellectual capital into day-to-day operations to dramatically increase their success in the marketplace. Arguing that companies can make untold millions of dollars by managing knowledge more effectively--and save millions more--Stewart offers executives and managers compelling accounts of how leading companies around the world are successfully tackling the practical issues involved in today’s knowledge economy. The heart of the book is a revolutionary 4-step preocess that shows how to put intellectual capital to work to improve performance and profitablity, as well as manage knowledge processes. He goes on to discuss how companies can better utilize their current assets and enhance their knowledge resources for the future. Questioning many of the assumptions that have ruled business in the twentieth century, he addresses such critical and fundamental issues as why companies exist, how they should be organized and how people should be compensated. With his customary fearlessness and foresight, he plunges into the thick of the controversial arena of measuring and accounting, as well-an increasingly difficult task when a corporation’s assets are intangible. The Wealth of Knowledge not only sets out the latest thinking in creating and managing knowledge assets, but provides a detailed course of action for corporations trying to navigate their way in the world of knowledge economy. From the Hardcover edition.
Condensed into a detailed analysis and a selection of continent-wide datasets, this revised edition of World Population & Human Capital in the Twenty-First Century addresses the role of educational attainment in global population trends and models. Presenting the full chapter text of the original edition alongside a concise selection of data, it summarizes past trends in fertility, mortality, migration, and education, and examines relevant theories to identify key determining factors. Deriving from a global survey of hundreds of experts and five expert meetings on as many continents, World Population & Human Capital in the Twenty-First Century: An Overview emphasizes alternative trends in human capital, new ways of studying ageing and the quantification of alternative population, and education pathways in the context of global sustainable development. It is an ideal companion to the county specific online Wittgenstein Centre Data Explorer.