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 fromcountries, ranging as far back as the th 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 PLEASE NOTE When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio


7 thoughts on “Capital in the Twenty-First Century (Audio Download): Amazon.co.uk: Thomas Piketty, Arthur Goldhammer (translator), L. J. Ganser, Audible Studios: Audible Audiobooks

  1. Vigilantius Vigilantius says:

    Startlingly lucid and wise a much underrated virtue Picketty s tome is a delight to read, albeit in small doses.His long run serial history data are remarkably clear, with useful 2 line summaries of the main inferences.As many readers will know, Picketty s view is that in normal circumstances ie peace , inequality will increase because private capital grows faster than national income However, research on eight centuries of real interest rates, by P Schmelzing and published by the Bank of England in 2020, showed a continuous trend line of declining real returns on capital, which implies that there are forces acting against the steady concentration of wealth and hence tending to reduce inequality The world war years of 1914 1945 and the subsequent two decades in the West were anomalies in that public spending and the public good trumped private capitalist accumulation Now, says Picketty, we are back to normal inequitable times.Picketty proposes a progressive, annual tax on wealth to promote equality and the broader public good but acknowledges that this requires a degree of international cooperation and solidarity which is highly unlikely.Picketty also lambasts the sterile mathematical obsession of many economists, emphasising that economics is a subdiscipline of the social sciences and cannot be separated from politics and history It is about human behaviour, and how to run things so as to promote an ideal society This begs all sorts of questions, but puts economics firmly in the moral, political and philosophical realm not that of an objective science.As a former macroeconomic forecaster, I applaud Picketty for his intelligent and wide realism.As a concerned citizen, I wish fervently that our casino capitalist, over consuming society was able to agree on reforming our market economy system before it collapses and before we are turned irredeemably into zombie slaves of our shallowest desires.


  2. J. lee J. lee says:

    Piketty s work here is an outstanding analysis of the extent of inequality throughout history as far as records are available As someone with no formal training in economics, but a growing interest in the topic given the current political economic climate of the world, this book delivered a brief and basic economics lesson in addition to the analysis of inequality in some of the worlds major economies If you have the time to read such a large book 600 pages, with a notes section at the end not included in that figure , I d definitely recommend it


  3. Graffico Graffico says:

    I would highly recommend this book because it gives the reader a very strong insight into capitals history which is great.The arguments for a global capital tax are clearly highlighted.The author does not make reference to how capital is changing in the information age i.e Cryptocurrencies which I feel would greatly affect control, taxation as well as the redistribution of wealth.For a global tax to occur there would have to be global agreement and collaboration this is highly unlikely to ever happen mainly due to how much influence and power people in possession of great wealth can have.I do strongly agree with points by Karl Marx on how the capitalist system can collapse My question would be if capitalism exploits the poor and we cannot achieve an agreed global tax on wealth then what other system can we use to address the issues that Capitalism causes This is quite a long book but a highly recommend read as the points in the book can be quite thought provoking.


  4. Jay Jay says:

    I read about a third of the book and gave up It s contains some excellent research but the content in the 250 odd pages I read could easily have been covered in 100 pages The prose is stodgy with little effort to keep it crisp and short Fine if you are academic and happy spending hours ploughing through it but frustrating for a casual interested reader like me.


  5. E. LORENZO E. LORENZO says:

    Not too technical, still a pleasure to read even if not interested in the most technical details Some paragraphs are pure pearls of wisdom.


  6. Daniel LO Daniel LO says:

    Very in depth work I didn t have the energy to read it cover to cover but I dip in and out in various chapters and matters If I have any corrections about inequality, capital, wealth and economics this is the book i will go to I don t gave 5 starts as i didn t read it all.


  7. PeterF PeterF says:

    This is an outstanding book.a fact filled eye opener Thomas Piketty s research shows how wealth has been distribute in society over the last 200 years and clearly shows that we are heading towards a societal catastrophe if we do not change course This is not an alarmist, political book just a detailed review of the facts A must read for anyone interested in the economy and society.