Capital in the Twenty-First Century by Thomas Piketty

This book provides a comprehensive analysis of the dynamics of capital accumulation and distribution over the last few centuries. The author argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, leading to high levels of wealth inequality. The book further suggests that the level of income inequality is not primarily a result of differences in individual labor income but rather the result of differences in capital ownership and the income derived from it. The author proposes a global tax on wealth to prevent soaring inequality.

The 6876th greatest book of all time


Published
2013
Nationality
French
Type
Nonfiction
Pages
600-700
Words
577,000
Original Language
French

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