Economics inequality, uneven concentration of wealth, and prospects of economic growth will stay amongst the top of the world's issues list. 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 predicted. However, the tendency of returns on capital to exceed the economic growth rate still adds to the creation of significant inequality. Brilliantly supported with empirical data, Capital in the Twenty First Century provides comparative historical research on income inequality that is definitive, fresh, and enlightening.
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 extant theories. This book is extraordinarily ambitious and rigorous, aiming to reorient the listener's understanding of the history of economics. It is monumental and influential, especially with regard to 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 discusses economic history and its relevance in the modern day society.
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Shorter but not easier to understand.