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
by Jan Thomas
by Thomas Oliphant, Curtis Wilkie
by Thomas H. Davenport, Jeanne Harris
by Shelley Moore Thomas
by Nouriel Roubini, Stephen Mihm
"Crossing the Atlantic like an intellectual tsunami, this study by French economist Piketty takes a long view of historical data to present an intriguing treatise on capital and income inequality. The audiobook has several major weaknesses; the pacing is relentless and rushed, and structurally the listener is unable to mull over an economic formula or the implications of tax policy as the narration continues without a chance to work through them. On the positive side, L.J. GanserÕs voice and accents are superb, and emphasis is well placed. Especially appreciated are the numerous charts available for download and appropriately referenced in the narration. Whether they agree or disagree with PikettyÕs policy arguments, serious students of economics or public policy will find much to digest. M.L.R. © AudioFile 2014, Portland, Maine"
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