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 5793rd greatest book of all time
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This book is on the following lists:
- 26th on The 100 best books of the 21st century (The Guardian)