Capital in the Twenty-First Century

A New York Times #1 Bestseller A Wall Street Journal #1 Bestseller A USA Today Bestseller A Sunday Times Bestseller A Guardian Best Book of the 21st Century Winner of the Financial Times and McKinsey Business Book of the Year Award Winner of the British Academy Medal Finalist, National Book Critics Circle Award What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In Capital in the Twenty-First Century , Thomas Piketty analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings will transform debate and set the agenda for the next generation of thought about wealth and inequality. Piketty shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality—the tendency of returns on capital to exceed the rate of economic growth—today threatens to generate extreme inequalities that stir discontent and undermine democratic values. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, Piketty says, and may do so again. A work of extraordinary ambition, originality, and rigor, Capital in the Twenty-First Century reorients our understanding of economic history and confronts us with sobering lessons for today.

A New York Times #1 Bestseller A Wall Street Journal #1 Bestseller A USA Today Bestseller A Sunday Times Bestseller A Guardian Best Book of the 21st Century Winner of the Financial Times and McKinsey Business Book of the Year Award Winner of the British Academy Medal Finalist, National Book Critics Circle Award What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In Capital in the Twenty-First Century , Thomas Piketty analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings will transform debate and set the agenda for the next generation of thought about wealth and inequality. Piketty shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality—the tendency of returns on capital to exceed the rate of economic growth—today threatens to generate extreme inequalities that stir discontent and undermine democratic values. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, Piketty says, and may do so again. A work of extraordinary ambition, originality, and rigor, Capital in the Twenty-First Century reorients our understanding of economic history and confronts us with sobering lessons for today.

Den franske økonom Thomas Piketty har skrevet bestsellerbogen "Capital in the Twenty-First Century" om vores idé om moderne økonomi. "Capital in the Twenty-First Century" er en historisk gennemgang og analyse af de sidste 200 års økonomiske udvikling, og Thomas Piketty stiller spørgsmålstegn ved historiens økonomiske teorier. Det kan lyde tørt, men det er det ikke: Analyserne er spændende og leder frem til en erkendelse af, at skellet mellem rig og fattig er ved at vokse sig for stor, hvilket kan få store konsekvenser. Thomas Piketty stiller spørgsmålstegn ved alt hvad vi ved om moderne økonomi, og opfordrer til en kovending.

Den franske økonom Thomas Piketty har skrevet bestsellerbogen "Capital in the Twenty-First Century" om vores idé om moderne økonomi. "Capital in the Twenty-First Century" er en historisk gennemgang og analyse af de sidste 200 års økonomiske udvikling, og Thomas Piketty stiller spørgsmålstegn ved historiens økonomiske teorier. Det kan lyde tørt, men det er det ikke: Analyserne er spændende og leder frem til en erkendelse af, at skellet mellem rig og fattig er ved at vokse sig for stor, hvilket kan få store konsekvenser. Thomas Piketty stiller spørgsmålstegn ved alt hvad vi ved om moderne økonomi, og opfordrer til en kovending.