Capital in the Twenty First Century By Thomas Piketty
Feb 12, 2024 
Capital in the Twenty First Century by Thomas Piketty dives into the intricate tapestry of wealth and income inequality across Europe and the United States since the 18th century. Originally published in French as “Le Capital au XXIe siècle” in August 2013, this groundbreaking work was later translated into English by Arthur Goldhammer in April 20141. Piketty’s central thesis revolves around the relationship between the rate of return on capital (r) and the rate of economic growth (g).
When r consistently exceeds g, wealth concentration intensifies, leading to social and economic instability. To address this, Piketty advocates for a global system of progressive wealth taxes, aiming to mitigate inequality and prevent an undue concentration of wealth in the hands of a privileged few. The book’s impact has been profound, sparking widespread debate and influencing economic thinking worldwide.
Capital in the Twenty First Century By Thomas Piketty Book Info:
- Publisher: Belknap Press: An Imprint of Harvard University Press
- Published: March 10, 2014
- ISBN: 9780674430006
- Pages: 696
- Size: 4.92
