Capital in the Twenty-First Century  (English, Hardcover, Piketty Thomas)

Capital in the Twenty-First Century aims to revolutionize the perception people have about the economic history of the world. This book provides an incisive look and valuable information on the economic and social evolution of the world.

Summary of the Book

Capital in the Twenty-First Century, written by French economist Thomas Piketty discusses one of the most controversial issues of wealth distribution in the world. The book provides a deep insight into the wealth and income inequality in the US and Europe in the 18th century. The central theme of the book is the inequality of wealth does not happen by accident but it is because of influence of capitalism. He also writes that wealth accumulates if the rate of return on capital exceeds the economic growth rate. This will with time leads to concentration of wealth and economic instability. Capital in the Twenty-First Century will make for an ideal read for economists and those interested in knowing about the changing trends in world economy.

About Thomas Piketty

Thomas Piketty is a French economist and author. He is the director of studies at the École des hautes études en sciences sociales (EHESS) and is a professor at the Paris School of Economics. Piketty was born in Clichy near Paris. He had completed his PhD at the age of 22 after which he went to the Massachusetts Institute of Technology Economics Department, where he taught as an assistant professor.

Review

Anyone remotely interested in economics needs to read Thomas Pikettys Capital in the 21st Century. - Matthew Yglesias, Slate.

It is a great work, a fearsome beast of analysis stuffed with an awesome amount of empirical data, and will surely be a landmark study in economics. - The Week

Piketty, a prominent economist, explains the tendency in mature societies for wealth to concentrate in a few hands. - Amy Merrick, The New Yorker

A seminal book on the economic and social evolution of the planet A masterpiece. - Emmanuel Todd, Marianne

An explosive argument. - Liberation

Outstanding A political and theoretical bulldozer. - Mediapart

The book of the season.- Telerama