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    Book Review: Capital in the Twenty-First Century by Thomas Piketty: Understand inequality in the modern world
    Book Review: Capital in the Twenty-First Century by Thomas Piketty: Understand inequality in the modern world
    Book Review: Capital in the Twenty-First Century by Thomas Piketty: Understand inequality in the modern world
    Ebook48 pages36 minutes

    Book Review: Capital in the Twenty-First Century by Thomas Piketty: Understand inequality in the modern world

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    About this ebook

    It can be hard for busy professionals to find the time to read the latest books. Stay up to date in a fraction of the time with this concise guide.

    Thomas Piketty’s 2013 book Capital in the Twenty-First Century was an immediately bestseller in the UK and US, and has been widely praised by both economists and the general public. Piketty provides a richly detailed account of the development of inequality in the Western world, and argues that economic inequality is an inherent feature of capitalism and can only be resolved by decisive action from governments. His powerful historical insights are backed by extensive data and analysis, thus offering a thorough critique of the modern capitalist system. Whatever your political and economic leanings, Piketty’s ideas are sure to provide plenty of food for thought.

    This book review and analysis is perfect for: 
    • Anyone interested in the causes of wealth inequality in Europe and the USA
    • Anyone who wants to understand how this inequality can be overcome
    • Students of, or anyone interested in, modern politics and economics

    About 50MINUTES.COM | BOOK REVIEW
    The Book Review series from the 50Minutes collection is aimed at anyone who is looking to learn from experts in their field without spending hours reading endless pages of information. Our reviews present a concise summary of the main points of each book, as well as providing context, different perspectives and concrete examples to illustrate the key concepts. 
    LanguageEnglish
    Publisher50Minutes.com
    Release dateMar 16, 2017
    ISBN9782806281227
    Book Review: Capital in the Twenty-First Century by Thomas Piketty: Understand inequality in the modern world

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      Book preview

      Book Review - 50Minutes

      Capital in the Twenty-First Century, the 2013 bestseller by Thomas Piketty, deals with the historical dynamic of income and assets that has existed since the Industrial Revolution and still persists today. With a title that deliberately recalls Karl Marx’s work on the accumulation of capital in the 19th century, Piketty provides us with his analysis of the economic situation at the beginning of the 21st century, with the advantage of having quantitative data at his disposal that would have been unimaginable at the time of classical economists.

      The result of 15 years of compiling statistical data on over 20 countries – work which led to the creation of the World Top Income Database (WTID) – and many research collaborations, this work is an excellent reference point for those who want to improve their understanding of the transformations in capital, labour and the global economy over the last 300 years. Additionally, thanks to its historical distance, the study puts our current economic situation into stark perspective; it even calls, as we will see, for a paradigm shift.

      Its premise? Left to itself in a period of weak economic growth, capitalism leads to a concentration of capital in the hands of a very rich minority, thus incessantly increasing inequality. In 50 minutes, this guide will present the book’s main arguments and the solutions suggested by the author.

      Key information

      Reference edition: Piketty, T. (2014) Capital in the Twenty-First Century. Trans. Goldhammer, A. Massachusetts: Harvard University Press.

      Author: a French economist, specialising in the study of economic inequality, born in Clichy in 1971.

      Field: the ideas developed by Piketty can be likened to those of interventionism or Keynesian theory (which recommends the intervention of government powers in a country’s economy).

      Key words:

      Capital: the total holdings, financial or otherwise, owned by an entity (person, family, business, country, etc.), that constitute assets and can generate

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