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Capital in the Twenty-First Century Hörbuch

Capital in the Twenty-First Century

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Inhaltsangabe

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 20 countries, ranging as far back as the 18th 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.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

©2014 the President and Fellows of Harvard College (P)2014 Audible, Inc.

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"L.J. Ganser's voice and accents are superb, and emphasis is well placed." (AudioFile)

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    Marc Dierckx 06.05.2015
    Marc Dierckx 06.05.2015

    Strides towards the omega point

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    "Big data meets simple formulation"

    Bought the book by accident in English as the name of the writer suggested English descent. Poor speaker who has to pronounce the plentifull french references. The 14 first chapters of the book are the perfect example of the use of long term big data to derive insightfull conclusions that I have never read before. From chapter 15 onwards the agenda gets more politically coloured and explosive but keeps its common sense. The author longs for a better world for which the political agenda will be difficult to write. Are we really back to the closing days of the "ancien regime" and will only a new shock bring humanity to the next level? In the same way as the world wars were a remedy against the seemingly natural law of capital accumulation that seems to be on a rampage in these days in all parts of the world.

    1 von 2 Hörern fanden diese Rezension hilfreich

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