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(0)Thomas Piketty
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Summary
In his best selling book Capital in the Twenty-First Century, economist Thomas Piketty argues that capitalism has no tendency towards a fair distribution of wealth taking issue with the idea that inequality declines as capitalism matures. Piketty spent 15 years collecting data on global wealth and income—and he uses his figures to argue that the opposite is true. Capitalism, he says, tends naturally towards ever-greater inequality.
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Summary
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 this work the author analyzes a unique collection of data from twenty countries, ranging as far back...
