Many structural features of the modern American economy promote inequality. In his well-received book Capital in the Twenty-First Century (2013), economist ...
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What is the summary of the book capital in the twenty first century?
Contents. The central thesis of the book is that inequality is not an accident, but rather a feature of capitalism and can only be reversed through state interventionism. The book thus argues that, unless capitalism is reformed, the very democratic order will be threatened.
What is Piketty's theory?
The r - g theory
Piketty argues that future declines in economic growth – stemming from slowdowns in technology or drops in population growth – will likely lead to dramatic concentrations of economic and political power through the accumulation of capital (or wealth) by the very richest.
What is the film capital in the 21st century about?
A visual adaptation of the eponymous economic treatise by Thomas Piketty, sold over 3 million copies worldwide, which deciphers the distribution of wealth and the increase in inequality since the 19th century.
Capital in the Twenty-First Century / Film synopsis
When the rate of return on capital exceeds the growth rate of the economy?
According to Piketty, when the rate of return on capital exceeds the rate of economic growth, wealth inequality tends to increase as the rich accumulate wealth faster than the overall economy expands.
Aug 17, 2012 · This book is based on fifteen years of research (1998–2013) devoted essentially to understanding the historical dynamics of wealth and ...
Missing: avo edwardbetts. monograph/ First_Century_by_Thomas_Piketty
Apr 15, 2014 · In Capital in the Twenty-First Century, Thomas Piketty analyzes a unique collection of data from twenty countries, ranging as far back as the ...
Missing: avo https:// edwardbetts. monograph/ First_Century_by_Thomas_Piketty
Capital in the Twenty-First Century is a book written by French economist Thomas Piketty. It focuses on wealth and income inequality in Europe and the ...
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