Capital in the Twenty-First Century

Medientyp: E-Book

Titel: Capital in the Twenty-First Century

Enthält: Frontmatter
Contents
Acknowledgments
Introduction
Part One: Income and Capital
1. Income and Output
2. Growth: Illusions and Realities
Part Two: The Dynamics of the Capital/Income Ratio
3. The Metamorphoses of Capital
4. From Old Europe to the New World
5. The Capital/Income Ratio over the Long Run
6. The Capital- Labor Split in the Twenty- First Century
Part Three: The Structure of Inequality
7. Inequalityand Concentration: Preliminary Bearings
8. Two Worlds
9. Inequality of Labor Income
10. Inequality of Capital Own ership
11. Merit and Inheritance in the Long Run
12. Global Inequalityof Wealth in the Twenty- First Century
Part Four: Regulating Capital in the Twenty- First Century
13. A Social State for the Twenty- First Century
14. Rethinking the Progressive Income Tax
15. A Global Tax on Capital
16. The Question of the Public Debt
Conclusion
Notes
Contents in Detail
Tables and Illustrations
Index

Beteiligte: Piketty, Thomas [VerfasserIn]; Goldhammer, Arthur [MitwirkendeR]

Erschienen: Cambridge, MA: Harvard University Press, [2014]

Ausgabe: Pilot project,eBook available to selected US libraries only

Umfang: 1 Online-Ressource (695 p.); 96 graphs, 18 tables

Sprache: Englisch

DOI: 10.4159/9780674369542

ISBN: 9780674369542

Identifikator:

Schlagwörter: Capital ; Income distribution ; Labor economics ; Wealth ; BUSINESS & ECONOMICS / Economic History ; Best Economic Charts ; C21 ; Capital in the 21st Century ; Capital-labor split ; Capitalism ; Distribution of wealth ; Economic Charts ; Executive compensation ; Global Wealth Tax ; Global inequality of wealth ; Global tax on capital ; Income Inequality ; National income ; National wealth ; Picketty ; Progressive taxation ; Rate of return on capital ; Redistribution ; Rentiers ; [...]

Entstehung:

Anmerkungen: In English

Beschreibung: 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. A work of extraordinary ambition, originality, and rigor, Capital in the Twenty-First Century reorients our understanding of economic history and confronts us with sobering lessons for today

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