Description
Capital in the Twenty-First Century
Author: Thomas Piketty
Hardback with dust cover. very good condition.
Capital in the Twenty-First Century by Thomas Piketty is a groundbreaking economic analysis that explores the dynamics of wealth and income inequality over the past few centuries. Drawing on an unprecedented wealth of historical data from across the globe, Piketty argues that when the rate of return on capital exceeds the rate of economic growth—as it often does—wealth tends to concentrate in the hands of a few, exacerbating inequality. He traces how this pattern has evolved since the 18th century, was temporarily disrupted by the shocks of the 20th century, and is now re-emerging in the 21st. Piketty warns that this trend threatens democratic values and economic stability unless addressed through progressive taxation and greater transparency in capital ownership. The book sparked widespread debate for its bold thesis and ambitious scope, reshaping how economists and policymakers think about inequality.
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