Capital in the Twenty-First Century

Belknap Press of Harvard University Press, UK, 2014. Hardcover. Fine/Near Fine. Hardcover. 685 pages. *** PUBLISHING DETAILS: Belknap Press of Harvard University Press, UK, 2014. *** CONDITION: The book itself is in fine condition and comes in near fine dust jacket. More specifically: Boards have no wear, rubbing or soiling. Edges of dust jacket have light bumping. Dust jacket is unclipped. Pages are clean and unmarked and in excellent condition. *** ABOUT THIS BOOK: 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 inequalitythe tendency of returns on capital to exceed the rate of economic growthtoday 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. *** Quantity Available: 1. Category: Economics; ISBN/EAN: 9780674430006. Inventory No: 24020069.. 9780674430006