Thomas Piketty's book Capital in the Twenty-First Century has enjoyed great success and provides a new theory about wealth and inequality. However, there have been major criticisms of his work. Anti-Piketty: Capital for the 21st Century collects key criticisms from 20 specialists—economists, historians, and tax experts—who provide rigorous arguments against Piketty's work while examining the notions of inequality, growth, wealth, and capital.
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.
* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. By reading this summary, you will discover an international panorama of criticisms formulated against Thomas Piketty's book, Capital in the 21st Century, from an empirical and theoretical point of view. You will also learn : to what extent Thomas Piketty's deterministic vision of increasing inequality is not inevitable; that his figures and methods of calculation reveal weaknesses and a certain bias; that the contribution of the richest is essential to growth and employment; what would be the consequences of the fiscal policies advocated by Thomas Piketty? that the fight against inequality must not obscure the importance of the fight against extreme poverty; what liberal solutions exist to achieve this. Jean-Philippe Delsol, Nicolas Lecaussin and Emmanuel Martin brought together several authors, both French and foreign, to fuel the debate around the book Le Capital au XXIe siècle by economist Thomas Piketty. The book was a great editorial success, particularly among supporters of the welfare state. However, economists are not unanimous about his law of returns on capital greater than growth (r > g), a phenomenon that, according to Piketty, generates an increase in inequality, and his strategy of high taxation of the highest incomes to remedy it. Anti-Piketty. Vive le Capital au XXIe siècle ! proposes to expose the limits, insufficiencies, and dangers of Thomas Piketty's thinking. It also formulates liberal-inspired alternatives to fight against inequality and poverty. *Buy now the summary of this book for the modest price of a cup of coffee!
A New York Times Bestseller An NPR Best Book of the Year The epic successor to one of the most important books of the century: at once a retelling of global history, a scathing critique of contemporary politics, and a bold proposal for a new and fairer economic system. Thomas Piketty’s bestselling Capital in the Twenty-First Century galvanized global debate about inequality. In this audacious follow-up, Piketty challenges us to revolutionize how we think about politics, ideology, and history. He exposes the ideas that have sustained inequality for the past millennium, reveals why the shallow politics of right and left are failing us today, and outlines the structure of a fairer economic system. Our economy, Piketty observes, is not a natural fact. Markets, profits, and capital are all historical constructs that depend on choices. Piketty explores the material and ideological interactions of conflicting social groups that have given us slavery, serfdom, colonialism, communism, and hypercapitalism, shaping the lives of billions. He concludes that the great driver of human progress over the centuries has been the struggle for equality and education and not, as often argued, the assertion of property rights or the pursuit of stability. The new era of extreme inequality that has derailed that progress since the 1980s, he shows, is partly a reaction against communism, but it is also the fruit of ignorance, intellectual specialization, and our drift toward the dead-end politics of identity. Once we understand this, we can begin to envision a more balanced approach to economics and politics. Piketty argues for a new “participatory” socialism, a system founded on an ideology of equality, social property, education, and the sharing of knowledge and power. Capital and Ideology is destined to be one of the indispensable books of our time, a work that will not only help us understand the world, but that will change it.
A Foreign Affairs Best Book of the Year “An intellectual excursion of a kind rarely offered by modern economics.” —Foreign Affairs Thomas Piketty’s Capital in the Twenty-First Century is the most widely discussed work of economics in recent years. But are its analyses of inequality and economic growth on target? Where should researchers go from there in exploring the ideas Piketty pushed to the forefront of global conversation? A cast of leading economists and other social scientists—including Emmanuel Saez, Branko Milanovic, Laura Tyson, and Michael Spence—tackle these questions in dialogue with Piketty. “A fantastic introduction to Piketty’s main argument in Capital, and to some of the main criticisms, including doubt that his key equation...showing that returns on capital grow faster than the economy—will hold true in the long run.” —Nature “Piketty’s work...laid bare just how ill-equipped our existing frameworks are for understanding, predicting, and changing inequality. This extraordinary collection shows that our most nimble social scientists are responding to the challenge.” —Justin Wolfers, University of Michigan
Few books have had the global impact of Thomas Piketty’s Capital in the Twenty-First Century. An overnight bestseller, Piketty’s assessment that inherited wealth will always grow faster, on average, than earned wealth has energised debate. Hailed as ‘bigger than Marx’ (The Economist) or dismissed as ‘medieval’ (Wall Street Journal), the book is widely acknowledged as having significant economic and political implications. Collected in this BWB Text are responses to this phenomenon from a diverse range of New Zealand economists and commentators. These voices speak independently to the relevance of Piketty’s conclusions. Is New Zealand faced with a one-way future of rising inequality? Does redistribution need to focus more on wealth, rather than just income? Was the post-war Great Convergence merely an aberration and is our society doomed to regress into a new Gilded Age?
Succinct, accessible, and authoritative, Thomas Piketty’s The Economics of Inequality is the ideal place to start for those who want to understand the fundamental issues at the heart of one the most pressing concerns in contemporary economics and politics. This work now appears in English for the first time.
This essay collection presents a compelling and insightful analysis of the Palestinian freedom movement from a socialist perspective. In Palestine: A Socialist Introduction, contributors examine a number of key aspects in the Palestinian struggle for liberation. These essays contextualize the situation in today’s polarized world and offer a socialist perspective on how full liberation can be won. Through an internationalist, anti-imperialist lens, this book explores the links between the struggle for freedom in the United States and that in Palestine, and beyond. Contributors examine both the historical and contemporary trajectory of the Palestine solidarity movement in order to glean lessons for today’s organizers. They argue that, in order to achieve justice in Palestine, the movement must take up the question of socialism regionally and internationally. Contributors include: Jehad Abusalim, Shireen Akram-Boshar, Omar Barghouti, Nada Elia, Toufic Haddad, Remi Kanazi, Annie Levin, Mostafa Omar, Khury Petersen-Smith, and Daphna Thier.
