Capital in the Twenty-First Century

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Piketty, Thomas. 2014. Capital in the Twenty-First Century. Belknap Press.


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Description

This book shows how policies concentrate wealth in the hands of the .01%, increasing inequality. Libertarianism has always been sponsored by the extremely rich, and their positions have favored these policies or worse.

Links

The short guide to Capital in the 21st Century [More...]
Matthew Yglesias provides a short, clear summary of an extremely important book. He explains both the arguments and their relevance. A must read.
Adam Smith is not the antidote to Thomas Piketty [More...]
"Smith’s attacks on the laws that allow the concentration of wealth, primogeniture and entail, are not simply policy prescriptions; they are the lynchpin of his explanation for the delayed growth of Europe before 1700."
America’s Taxation Tradition [More...]
Taxation to prevent an undemocratic distribution of wealth is an American, progressive-era invention which had enormous support.
Forces of Divergence: Is surging inequality endemic to capitalism? [More...]
An excellent short review of Thomas Piketty's "Capital in the Twenty-First Century". "But Piketty has written a book that nobody interested in a defining issue of our era can afford to ignore."
Forget the 1 Percent: It is the 0.01 percent who are really getting ahead in America [More...]
"The top 0.1% (consisting of 160,000 families worth $73m on average) hold 22% of America’s wealth, just shy of the 1929 peak—and exactly the same share as the bottom 90% of the population."
How Thomas Piketty Destroys Libertarian Talking Points [More...]
"The wrong-headed policies promoted by libertarians and their ilk, who hate any form of tax on the rich, such as inheritance taxes, have ensured that big fortunes in America are getting bigger, and they will play a much more prominent role in the direction of our society and economy if we continue on the present path."
On Piketty's Capital: What Is Wealth? [More...]
"For Piketty, wealth and capital are ultimately socially constructed categories. [...] The pioneer of this legal constructivist account of market valuation was legal realist Robert Hale. [...] Laws do not just affect valuation of assets. Laws are the very core of asset values."
Piketty's Inequality Story In Six Charts [More...]
"[P]artly by using new sources of data, such as individual tax records, and partly by expanding the research to other countries, Piketty and his colleagues have deployed their charts to reshape the entire inequality debate."
Robert Nozick Agrees With Thomas Piketty [More...]
"As diehard a libertarian as Nozick was, even he found himself bothered by the prospect of "patrimonial capitalism" to borrow Piketty's phrase [....]" "Like all of his prior forays into the realm of philosophy, Mankiw has this one entirely wrong."
Trickle-Up Economics [More...]
A review of Thomas Piketty's "Capital in the Twenty-First Century", which demonstrates why growing inequality is inevitable under policies sponsored by libertarians and the rest of the plutocratic right.
Tyler Cowen's anti-Piketty crusade [More...]
Noah Smith observes the Koch-funded propaganda drumbeat, though he is too polite to call it that.
Wealth Over Work [More...]
"It seems safe to say that “Capital in the Twenty-First Century,” the magnum opus of the French economist Thomas Piketty, will be the most important economics book of the year -- and maybe of the decade." Paul Krugman's review.
Wealth: earned or inherited? [More...]
"The fact that currently wealthy Americans have not, in general, inherited their wealth follows logically from the fact that, in their parents’ generation, there weren’t comparable accumulations of wealth to be bequeathed."
Why Economists Are Finally Taking Inequality Seriously [More...]
"Inequality could be a natural outcome of capitalist systems, and market failures could magnify unequal outcomes, but the main point is that economic research has not yet settled these fundamental questions. "

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