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LEADER 00000cam 2200457 i 4500
008 130923s2014 maua b 001 0 eng
020 9780674430006 (alk. paper)
020 067443000X (alk. paper)
041 1 eng|hfre
050 00 HB501|b.P43613 2014
082 00 332/.041|223
100 1 Piketty, Thomas,|d1971-
240 10 Capital au XXIe siècle.|lEnglish
245 10 Capital in the twenty-first century /|cThomas Piketty ;
translated by Arthur Goldhammer.
246 3 Capital in the 21st century
264 1 Cambridge Massachusetts :|bBelknap Press of Harvard
300 viii, 685 p. :|bill. ;|c25 cm.
500 Translation of the author's Le capital au XXIe siècle.
504 Includes bibliographical references and index.
505 0 Income and Capital. Income and output ; Growth: illusions
and realities. -- The Dynamics of the Capital/Income
Ratio. The metamorphoses of capital ; From old Europe to
the new world ; The capital/income ratio over the long run
; The capital-labor split in the twenty-first century. --
The Structure of Inequality. Inequality and concentration:
preliminary bearings ; Two worlds ; Inequality of labor
income ; Inequality of capital ownership ; Merit and
inheritance in the long run ; Global inequality of wealth
in the twenty-first century. -- Regulating Capital in the
Twenty-First Century. A social state for the twenty-first
century ; Rethinking the progressive income tax ; A global
tax on capital ; The question of the public debt.
520 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 this work the author 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 transform debate and set
the agenda for the next generation of thought about wealth
and inequality. He 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 if political action is not
taken. But economic trends are not acts of God. Political
action has curbed dangerous inequalities in the past, the
author says, and may do so again. This original work
reorients our understanding of economic history and
confronts us with sobering lessons for today.
650 0 Capital.
650 0 Income distribution.
650 0 Wealth.
650 0 Labor economics.
700 1 Goldhammer, Arthur.