Tuesday, October 11, 2016

Capital in the Twenty-First Century

This book, 'Capital in the Twenty-First Century' addresses your thought provoking questions about various aspects of capital and its flow. It talks about many questions about long term evolution of basic social problems like inequality, the vast concentration of wealth amongst a minority population bracket and how the prospects of the economic growth of a developing nation lie at the heart of the political economy. Due to lack of data, satisfactory answers were scarce in the past. This book gives you the right answers with detailed and concise explanations.

Get into the depths of the 21st century capital flow

Thomas Piketty analyses the 21st century capital flow by taking up data from twenty countries that dates back to the eighteenth century, to uncover the key secrets behind social and economic patterns. His answers will set the goal for the next generation on the lines of wealth. He shows that the mix-up of modern economic growth and knowledge has allowed the world to get over the aspect of inequality on an apocalyptic scale which was predicted by Karl Marx. However, we have not been able to change the deep structures of capital and inequality as much as we thought we will, during the 2nd World War.

Join Piketty tried to uncover the reasons of inequality

The main cause of this inequality is the return tendency on capital to exceed the rate of economic growth, which threatens to generate extreme gaps of inequality leading to public discontent. Political action has indeed curbed inequalities in the past. Capital in this new century reorients our understanding and confronts us with lessons.

About the Author

Thomas Piketty is an economist who was born and raised in France and who works on the principles of wealth and income inequality. He won the prize for the best young economist in France in 2002. He is a professor at the Ecole des hautes etudes en sciences sociales and an associate chair at the Paris School of Economics.

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