A Critique Of Thomas Piketty S Capital In The Twenty First Century
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A Critique Of Thomas Piketty S Capital In The Twenty First Century
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Author : I. K. Mullins
language : en
Publisher: CreateSpace
Release Date : 2014-11-26
A Critique Of Thomas Piketty S Capital In The Twenty First Century written by I. K. Mullins and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-26 with categories.
WARNING: This is not the actual book Capital in the Twenty First Century by Thomas Piketty. Do not buy this if you are looking for a full copy of this book. TO OUR READERS: When it comes to book reviews, there is a difference between speaking out one's opinion and arranging a batch of negative reviews (for psychological or materialistic reasons). The arranged one- and two-star book reviews are typically posted within about one week. Then, they are up voted over the course of a few days so that they become the first thing readers see when they visit the book's page. We encourage our readers to be cautious when relying on such reviews. This is not the actual Thomas Piketty's Capital in the Twenty First Century. The primary objective of this book is to bring insightful discussion and critique of Thomas Piketty's Capital in the Twenty First Century to readers everywhere. This book includes a critique of Thomas Piketty's book, as well as the review of the future of economic inequality forecasted by other experts. Do not purchase this critique of the book if you are looking for a full copy of Thomas Piketty's Capital in the Twenty First Century Income inequality in the United States and in Western Europe has been growing since the 1970s. In the US, the top 1 percent income share has more than doubled in the course of the last thirty years, drawing much public attention. In 2013, the thousand richest individuals in the UK had their wealth increased by 15 percent. At the same time, the UK government enacted a one percent pay freeze on public sector workers, re-enforcing the lengthiest wage squeeze since the 1870s. Modern capitalistic society is an unequal society, and that inequality grows fast due to the rich-get-richer trend. In his book, Piketty argues that as long as the rate of return on capital exceeds the rate of growth, the income and wealth of the rich will grow faster than the typical income from work. This trend will continue to support rising economic inequality. In our critique of Piketty's Capital in the Twenty-First Century, we examine issues raised in Piketty's book, for the benefit of those who wish to read or study Piketty's book in the future. The critique includes summary and critical analysis of how Piketty's book treats a theory of capitalism and the issue of rising economic inequality.
Capital In The Twenty First Century
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Author : Thomas Piketty
language : en
Publisher: Harvard University Press
Release Date : 2017-08-14
Capital In The Twenty First Century written by Thomas Piketty and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-14 with Business & Economics categories.
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 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.
Capital In The Twenty First Century
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Author : Thomas Piketty
language : en
Publisher: Harvard University Press
Release Date : 2017-08-14
Capital In The Twenty First Century written by Thomas Piketty and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-14 with Business & Economics categories.
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.
Piketty S Capital In The Twenty First Century
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Author : Edward Fullbrook
language : en
Publisher:
Release Date : 2014-11-24
Piketty S Capital In The Twenty First Century written by Edward Fullbrook and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-24 with Business & Economics categories.
Thomas Piketty's book Capital in the 21st Century has already attracted more serious attention than any economics book published in the last seventy-five years. This collection of 17 essays by some of the world's most prominent economists explores Piketty's book at depth and from various vantage points. Here is what economists around the world are already saying about this book. "Marx's Capital is strong on theory but, it detractors allege, weak on data. In a dialectic worthy of Hegel himself, the critics assembled here argue that Piketty's Capital stands opposite to Marx's, as strong on data but weak on theory. This combination--plus its exquisite timing--explains it critical acclaim. The juxtaposition of economic stagnation and obscene inequality in the aftermath of the financial crisis made it impossible for mainstream economists to continue ignoring inequality, let alone applauding it as they have done for so long. Piketty made it possible for them to acknowledge it without abandoning their comforting but false mainstream theories of capitalism. These authors in this volume applaud Piketty for his contribution to empirical knowledge, but reject his views on how this inequality came about. The true Capital for the 21st century is still yet to be written." - Steve Keen, Kingston University, London "Neoclassical economics spawned a utopian belief in capitalism with unregulated market forces. Thomas Piketty's empirical analysis has dealt a fatal blow to that belief by highlighting the recent huge redistributions of income and wealth to the ultra-rich. This raises a fundamental question for people around the world: How do we achieve a better world through economic policies? This global collection addresses that question and explores theoretical explanations for Piketty's empirical findings." - Ping Chen, Fudan University and Peking University, China "Are the theoretical explanations proposed by Thomas Piketty of the rising inequalities valid? What is the meaning of his first and second "laws" of capitalism? This book is indispensable for anyone seeking answers to these questions." - Andre Orlean, Ecole des Hautes Etudes en Sciences Sociales, Paris "By examining Thomas Piketty's Capital in the Twenty-First Century from different angles, the 18 contributors to this invaluable book add enormously to our understanding of inequality and of policy options for reducing it. They point to the lack of a distinction between rentier income and earned income, to the severe limits of marginal productivity theory that Piketty employs and to the utopian nature of Piketty's only suggested remedy. - Norbert Haering, Economics Editor, Handelsblatt, Germany "Piketty's book Capital in the Twentieth Century served the cause of drawing the world's attention to inequality under capitalism in the long haul, based on a fresh and innovative look at new evidence. This book serves that cause even better by focusing on the inadequacies of Piketty's analysis of the processes and mechanisms leading to that inequality, and, therefore, on what needs to be done to address it." - C. P. Chandrasekhar, Jawaharlal Nehru University, New Delhi "Thomas Piketty's Capital in the Twenty-First Century was the publishing sensation of 2104, focussing the world's attention on the huge and continuing growth in inequality that poses a serious economic, political and social threat to us all. In this important new book, 18 economists from Europe, North America and Asia offer sympathetic but critical appraisals of Piketty's theoretical framework, his empirical analysis and his radical policy proposals. This is not the last word on Piketty - whatever could be? - but it is indispensable reading for everyone who is interested in one of the most important challenges of our time." - John King, La Trobe University, Australia
Summary Of Capital In The Twenty First Century
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Author : Instaread
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2016-06-06
Summary Of Capital In The Twenty First Century written by Instaread and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-06 with categories.
Summary of Capital in the Twenty-First Century by Thomas Piketty | Includes Analysis Preview: Thomas Piketty's Capital in the Twenty-First Century is a study of inequity, both historically and in the present. The book describes how the concentration of wealth has changed over time. Its central thesis is that return on capital is greater than growth over time, which means that capital and inequality inevitably increase. The book also considers the ways governments might address the increasing concentration of wealth in the future. Many economists have argued that increasing worker productivity in the modern era will inevitably result in reduced inequality. The historical record suggests that this is untrue. For most of history, there has been a huge gap between the rich and poor with no real middle class. That changed in developed countries during the twentieth century for a number of reasons. First, two world wars caused massive shocks to the status quo and resulted in severe losses to many holders of capital... PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Inside this Instaread Summary of Capital in the Twenty-First Century: · Overview of the Book · Important People · Key Takeaways · Analysis of Key Takeaways About the Author With Instaread, you can get the key takeaways, summary and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.
Capital In The Twenty First Century By Thomas Piketty Summary Analysis
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Author : Elite Summaries
language : en
Publisher: Elite Summaries
Release Date :
Capital In The Twenty First Century By Thomas Piketty Summary Analysis written by Elite Summaries and has been published by Elite Summaries this book supported file pdf, txt, epub, kindle and other format this book has been release on with Business & Economics categories.
Economics inequality, the 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 a 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 in 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. p.p1 {margin: 0.0px 0.0px 10.0px 0.0px; text-align: justify; font: 11.0px 'Trebuchet MS'; color: #000000; -webkit-text-stroke: #000000} span.s1 {font-kerning: none} 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 economics. 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. Impossible to ignore, “Capital in the Twenty-First Century” is available online with free shipping options.
An Analysis Of Thomas Piketty S Capital In The Twenty First Century
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Author : Nick Broten
language : en
Publisher: CRC Press
Release Date : 2017-07-05
An Analysis Of Thomas Piketty S Capital In The Twenty First Century written by Nick Broten and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-05 with Business & Economics categories.
Thomas Piketty is a fine example of an evaluative thinker. In Capital in the Twenty-First Century, he not only provides detailed and sustained explanations of why he sees existing arguments relating to income and wealth distribution as flawed, but also gives us very detailed evaluations of the significance of a vast amount of data explaining why incomes is distributed in the ways it is. As Piketty stresses, “the distribution question... deserves to be studied in a systematic and methodical fashion.” This stress on evaluating the significance of data leads him to focus on the central evaluative questions, and look in turn at the acceptability, relevance, and adequacy of existing justifications for the unequal distribution of wealth. In doing so, Piketty applies his understanding of the data to answering the deeply important question of what political structures and what policies are necessary to move us towards a more equal society. Piketty’s evaluation of the data supports his argument that inequality cannot be depended on to reduce over time: indeed, without government intervention, it is highly likely to increase. In addition, he evaluates international data to argue that poor countries do not necessarily become less poor as a result of foreign investment. This strong emphasis on the interrogation of data, rather than building mathematical models that are divorced from data, is a defining feature of Piketty’s work.
Thomas Piketty S Capital In The Twenty First Century
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Author : Stephen Kaufmann
language : en
Publisher: Verso Books
Release Date : 2017-08-01
Thomas Piketty S Capital In The Twenty First Century written by Stephen Kaufmann and has been published by Verso Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-01 with Political Science categories.
An introduction to Thomas Piketty’s monumental work US Nobel Prize–winner Paul Krugman described Thomas Piketty’s Capital in the Twenty-First Century as “perhaps the most important book of the last decade.” It has sparked major international debates, dominated bestseller lists and generated a level of enthusiasm—as well as intense criticism—in a way no other economic or sociological work has in a long time. Piketty has been described as a new Karl Marx and placed in the same league as the economist John Maynard Keynes. The “rock star economist’s” underlying thesis is that inequality under capitalism has reached dramatic levels in the last few decades and continues to grow—and that this is not by chance. A small elite is making itself richer and richer and acquiring everincreasing levels of power. Given the sensational reception of Piketty’s not-so-easily digested 800-page study, the question as to where the hype around the book comes from deserves to be asked. What does it get right? And what should we make of it—both of the book itself and of the criticism it has received? This introduction lays out the argument of Piketty’s monumental work in a compact and understandable format, while also investigating the controversies Piketty has stirred up. In addition, the two authors demonstrate the limits, contradictions and errors of the so-called Piketty revolution.
Shared Capitalism At Work
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Author : Douglas L. Kruse
language : en
Publisher: University of Chicago Press
Release Date : 2010-06-15
Shared Capitalism At Work written by Douglas L. Kruse and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-15 with Business & Economics categories.
The historical relationship between capital and labor has evolved in the past few decades. One particularly noteworthy development is the rise of shared capitalism, a system in which workers have become partial owners of their firms and thus, in effect, both employees and stockholders. Profit sharing arrangements and gain-sharing bonuses, which tie compensation directly to a firm’s performance, also reflect this new attitude toward labor. Shared Capitalism at Work analyzes the effects of this trend on workers and firms. The contributors focus on four main areas: the fraction of firms that participate in shared capitalism programs in the United States and abroad, the factors that enable these firms to overcome classic free rider and risk problems, the effect of shared capitalism on firm performance, and the impact of shared capitalism on worker well-being. This volume provides essential studies for understanding the increasingly important role of shared capitalism in the modern workplace.
Book Review Capital In The Twenty First Century By Thomas Piketty
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Author : 50MINUTES.COM,
language : en
Publisher: 50Minutes.com
Release Date : 2017-03-16
Book Review Capital In The Twenty First Century By Thomas Piketty written by 50MINUTES.COM, and has been published by 50Minutes.com this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-16 with Business & Economics categories.
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.