000 03568cam a2200433 i 4500
001 48782056
003 UkMaC
005 20240204145029.0
008 130923s2014 maua b 001 0 eng
020 _a9780674430006
_q(hardback)
020 _z067443000X
_q(hardback)
020 _z9780674982918
_q(electronic book)
035 _a(OCoLC)ocn858914389
035 _a(WlSwUW)770232-swandb
035 _a(WlSwUW)997702323402417
040 _beng
_erda
041 1 _aeng
_hfre
082 0 0 _a332/.041
_223
100 1 _aPiketty, Thomas,
_d1971-
_eauthor.
240 1 0 _aCapital au XXIe siècle.
_lEnglish
245 1 0 _aCapital in the twenty-first century /
_cThomas Piketty ; translated by Arthur Goldhammer.
246 3 _aCapital in the 21st century
264 1 _aCambridge, MA :
_bThe Belknap Press of Harvard University Press,
_c[2014].
264 4 _c©2014
300 _aviii, 685 pages :
_billustrations ;
_c25 cm
336 _atext
_2rdacontent
337 _aunmediated
_2rdamedia
338 _avolume
_2rdacarrier
500 _aTranslation of the author's Le capital au XXIe siècle.
505 0 _aIntroduction -- Income and capital : Income and output ; Growth: illusions and realities -- The dynamics of the capital/income ratio : 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 -- The structure of inequality : 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 -- Regulating capital 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 -- Conclusion.
520 _aWhat 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 this work the author 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 transform debate and set the agenda for the next generation of thought about wealth and inequality. He 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 if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.
650 0 _aCapital.
650 0 _aIncome distribution.
650 0 _aWealth.
650 0 _aLabor economics.
700 1 _aGoldhammer, Arthur,
_etranslator.
776 0 8 _iOnline version:
_z9780674982918
942 _2ddc
999 _c131172
_d131172