Capital in the Twenty-First Century

Locations
Call Number: 332.041 Pi, Adult Book / Nonfiction / Business & Economics / General / Piketty, Thomas
On Shelf At: Downtown Library, Malletts Creek Branch, Westgate Branch

Location & Checkout Length	Call Number	Checkout Length	Item Status
Downtown 2nd Floor 4-week checkout	332.041 Pi	4-week checkout	On Shelf
Downtown 2nd Floor 4-week checkout	332.041 Pi	4-week checkout	On Shelf
Downtown 2nd Floor 4-week checkout	332.041 Pi	4-week checkout	On Shelf
Downtown 2nd Floor 4-week checkout	332.041 Pi	4-week checkout	Due 05-20-2024
Downtown 2nd Floor 4-week checkout	332.041 Pi	4-week checkout	Due 05-03-2024
Malletts Adult Books 4-week checkout	Adult Book / Nonfiction / Business & Economics / General / Piketty, Thomas	4-week checkout	On Shelf
Westgate Adult Books 4-week checkout	Adult Book / Nonfiction / Business & Economics / General / Piketty, Thomas	4-week checkout	On Shelf
Westgate Adult Books 4-week checkout	Adult Book / Nonfiction / Business & Economics / General / Piketty, Thomas	4-week checkout	Due 05-15-2024
Pittsfield Adult Books 4-week checkout	Adult Book / Nonfiction / Business & Economics / General / Piketty, Thomas	4-week checkout	Due 05-23-2024

Translation of the author's Le capital au XXIe siècle.
Income and output -- Growth : illusions and realities -- The metamorphoses of capital -- From old Europe to the new world -- The capital/income ratio over the long run -- The capital-labor split in the twenty-first century -- Inequality and concentration : preliminary bearings -- Two worlds -- Inequality of labor income -- Inequality of capital ownership -- Merit and inheritance in the long run -- Global inequality of wealth in the twenty-first century -- A social state for the twenty-first century -- Rethinking the progressive income tax -- A global tax on capital -- The question of the public debt.
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 and shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities. He argues, however, that the tendency of returns on capital to exceed the rate of economic growth will generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken.

REVIEWS & SUMMARIES

Library Journal Review
CHOICE Review
Publishers Weekly Review
Summary / Annotation
Table of Contents
Fiction Profile
Author Notes

COMMUNITY REVIEWS

I understand the world better now submitted by Jan Wolter on May 8, 2014, 7:05pm I don't think I've read another book that has done as much to help me understand what's going on in world history for the last hundred years. Piketty's purpose, of course, is to understand the evolution of inequalities in wealth, and he's done what few economists have done before him - he's collected actual data. Lot's of data. He presents his results and his analysis in language that can readily be understood by non-economists - which is not to say it is necessarily light going - if you aren't comfortable with academic writing (this is what I'm going to tell you, now I'm telling you, this is what I just told you) and reading lots and lots of graphs, then this is going to be hard going. But if you can handle that then this is a very rewarding book.

The last two chapters present his ideas for what could be done about the limiting the share of national income being claimed by the rich, and resolving the debt crisis in the EU. The former has absolutely enraged the right, because he proposes taxing wealth, but really that is the least important part of the book. Everyone is free to draw their own conclusions about what will or should happen in the future - you don't have to agree with Piketty. I think his conclusions are sound, but the political stuff isn't what makes this a great book. The really wonderful thing is the light he casts on the past. I understand now why my life is so different from my father's and my grandfather's. I have a stronger sense of the importance of political decisions in shaping our world. This book even made we want to go back and re-read Jane Austen, because I think he has cast her novels in a whole new light for me.

If you're fairly smart and would like to be smarter, this is a book you must read.