Capital in the Twenty-First Century
Capital in the Twenty-First Century

Author: Thomas Piketty

Publisher: Harvard University Press

Published: 2017-08-14

Total Pages: 817

ISBN-13: 0674979850

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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.

Capital
Capital

Author: Rana Dasgupta

Publisher: Harper Collins

Published: 2014-05-13

Total Pages: 446

ISBN-13: 1443406066

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Winner of the Ryszard Kapuściński Award and the Prix Émile Guimet de Littérature Asiatique Finalist for the Orwell Prize, the Royal Society of Literature Ondaatje Prize and the Prix du Meilleur Livre Étranger At the turn of the twenty-first century, acclaimed novelist Rana Dasgupta arrived in Delhi with a single suitcase. He had no intention of staying for long. But the city beguiled him—he “fell in love and in hate with it”—and fourteen years later, Delhi is still his home. Fourteen years of breakneck change. The boom following the opening up of India's economy plunged Delhi into a tumult of destruction and creation: slums and markets were ripped down, and shopping malls and apartment blocks erupted from the ruins. Many fortunes were made, and in the glassy stores lining the new highways, customers paid for global luxury with bags of cash. But the transformation was stern, abrupt and fantastically unequal, and it gave rise to strange and bewildering feelings. The city brimmed with ambition and rage. Bizarre crimes stole the headlines. In Capital, we see Delhi through the eyes of its people. With the lyricism and empathy of a novelist, Dasgupta takes us through a series of encounters—with billionaires and bureaucrats, drug dealers and metal traders, slum dwellers and psychoanalysts—which plunge us into Delhi's intoxicating, and sometimes terrifying, story of capitalist transformation. Interweaving over a century of history with his personal journey, he presents us with the first literary portrait of one of the twenty-first century's fastest-growing megalopolises—a dark and uncanny portrait that gives us insights, too, as to the nature of our own—everyone's—shared, global future.

The Knowledge Capital of Nations
The Knowledge Capital of Nations

Author: Eric A. Hanushek

Publisher: MIT Press

Published: 2023-08-15

Total Pages: 275

ISBN-13: 026254895X

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A rigorous, pathbreaking analysis demonstrating that a country's prosperity is directly related in the long run to the skills of its population. In this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country's development. Of course, every country acknowledges the importance of developing human capital, but Hanushek and Woessmann argue that message has become distorted, with politicians and researchers concentrating not on valued skills but on proxies for them. The common focus is on school attainment, although time in school provides a very misleading picture of how skills enter into development. Hanushek and Woessmann contend that the cognitive skills of the population—which they term the “knowledge capital” of a nation—are essential to long-run prosperity. Hanushek and Woessmann subject their hypotheses about the relationship between cognitive skills (as consistently measured by international student assessments) and economic growth to a series of tests, including alternate specifications, different subsets of countries, and econometric analysis of causal interpretations. They find that their main results are remarkably robust, and equally applicable to developing and developed countries. They demonstrate, for example, that the “Latin American growth puzzle” and the “East Asian miracle” can be explained by these regions' knowledge capital. Turning to the policy implications of their argument, they call for an education system that develops effective accountability, promotes choice and competition, and provides direct rewards for good performance.

Capital City
Capital City

Author: Thomas Kessner

Publisher: Simon and Schuster

Published: 2004-04-07

Total Pages: 429

ISBN-13: 0743257537

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At the beginning of the nineteenth century, New York City was an undistinguished town, competing with Philadelphia and Boston to be America's dominant port city. Just two generations later, it had built itself into the country's powerhouse center of trade and finance, rivaled only by London as financial capital of the world. In Capital City, Thomas Kessner tells the story of this remarkable transformation. With the advantages of its famous harbor and the opening of the Erie Canal in 1825, New York became the chief commercial center for the growing nation. As the shipping industry prospered, capital accumulated, and a growing banking center emerged, New York went on to finance the Union cause during the Civil War, open the West to development, and consolidate the national railroad system. The city's energy and opportunity attracted ambitious men from all over the country whose names became synonymous with big business: Vanderbilt, Carnegie, Rockefeller, and Morgan. New York's banks set the interest rates for the nation, its stock exchange fixed the price of securities, its investors transformed American business from family-owned enterprises into modern corporations, and its growing political clout catapulted public figures, such as Samuel Tilden and Teddy Roosevelt, onto the national stage. Combining political and urban history with a colorful cast of characters, Capital City chronicles how Gotham's Gilded Age reshaped the metropolis and the nation as it molded our present-day economy.

Encyclopaedia Britannica
Encyclopaedia Britannica

Author: Hugh Chisholm

Publisher:

Published: 1910

Total Pages: 1090

ISBN-13:

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This eleventh edition was developed during the encyclopaedia's transition from a British to an American publication. Some of its articles were written by the best-known scholars of the time and it is considered to be a landmark encyclopaedia for scholarship and literary style.

Infertility in a Crowded Country
Infertility in a Crowded Country

Author: Holly Donahue Singh

Publisher: Indiana University Press

Published: 2022-12-06

Total Pages: 345

ISBN-13: 0253063884

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In Lucknow, the capital of India's most populous state, the stigmas and colonial legacies surrounding sexual propriety and population growth affect how Muslim women, often in poverty, cope with infertility. In Infertility in a Crowded Country, Holly Donahue Singh draws on interviews, observation, and autoethnographic perspectives in local communities and Lucknow's infertility clinics to examine access to technology and treatments and to explore how pop culture shapes the reproductive paths of women and their supporters through clinical spaces, health camps, religious sites, and adoption agencies. Donahue Singh finds that women are willing to transgress social and religious boundaries to seek healing. By focusing on interpersonal connections, Infertility in a Crowded Country provides a fascinating starting point for discussions of family, kinship, and gender; the global politics of reproduction and reproductive technologies; and ideologies and social practices around creating families.

Capital
Capital

Author: Rana Dasgupta

Publisher: Fourth Estate

Published: 2014-01-17

Total Pages: 0

ISBN-13: 9789350297933

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It is said of Indian cities that Calcutta, the former British capital, owned the nineteenth century, Bombay, centre of films and corporations, possessed the twentieth, while Delhi, seat of politics, has the twenty-first. The boom following the opening up of India's economy in the early 1990s plunged its capital city into a tumult of destruction and creation: slums and markets were bulldozed or burnt down, and shopping malls and apartment blocks erupted from the ruins - or upon agricultural land taken over in the interests of business and modernization. Immense fortunes were made, and in the glassy stores lining the new highways, customers paid for global luxury with bags of cash. Meanwhile, hundreds of thousands of people from the rural hinterland streamed into the newly formed 'National Capital Region' looking for work, which they often found constructing, cleaning or guarding the homes of the increasingly affluent middle class. The transformation of the city was stern, abrupt and unequal, and it gave rise to new and bewildering feelings. Delhi brimmed with ambition and rage. Bizarre crimes stole the headlines. In his first work of non-fiction, Rana Dasgupta shows us this new Delhi through the eyes of its people. With the lyricism and empathy of a novelist, he takes us through a series of encounters - with billionaires and bureaucrats, drug dealers and metal traders, slum dwellers and psychoanalysts - which plunge us into the city's intoxicating, and sometimes terrifying, story of capitalist transformation.

The Political Economy of Capital Cities
The Political Economy of Capital Cities

Author: Heike Mayer

Publisher: Routledge

Published: 2017-09-11

Total Pages: 351

ISBN-13: 1134795785

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Capital cities that are not the dominant economic centers of their nations – so-called ‘secondary capital cities’ (SCCs) – tend to be overlooked in the fields of economic geography and political science. Yet, capital cities play an important role in shaping the political, economic, social and cultural identity of a nation. As the seat of power and decision-making, capital cities represent a nation’s identity not only through their symbolic architecture but also through their economies and through the ways in which they position themselves in national urban networks. The Political Economy of Capital Cities aims to address this gap by presenting the dynamics that influence policy and economic development in four in-depth case studies examining the SCCs of Bern, Ottawa, The Hague and Washington, D.C. In contrast to traditional accounts of capital cities, this book conceptualizes the modern national capital as an innovation-driven economy influenced by national, local and regional actors. Nationally, overarching trends in the direction of outsourcing and tertiarization of the public-sector influence the fate of capital cities. Regional policymakers in all four of the highlighted cities leverage the presence of national government agencies and stimulate the economy by way of various locational policy strategies. While accounting for their secondary status, this book illustrates how capital-city actors such as firms, national, regional and local governments, policymakers and planning practitioners are keenly aware of the unique status of their city. The conclusion provides practical recommendations for policymakers in SCCs and highlights ways in which they can help to promote economic development.

The Changing Wealth of Nations 2018
The Changing Wealth of Nations 2018

Author: Glenn-Marie Lange

Publisher: World Bank Publications

Published: 2018-01-30

Total Pages: 293

ISBN-13: 1464810478

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Countries regularly track gross domestic product (GDP) as an indicator of their economic progress, but not wealth—the assets such as infrastructure, forests, minerals, and human capital that produce GDP. In contrast, corporations routinely report on both their income and assets to assess their economic health and prospects for the future. Wealth accounts allow countries to take stock of their assets to monitor the sustainability of development, an urgent concern today for all countries. The Changing Wealth of Nations 2018: Building a Sustainable Future covers national wealth for 141 countries over 20 years (1995†“2014) as the sum of produced capital, 19 types of natural capital, net foreign assets, and human capital overall as well as by gender and type of employment. Great progress has been made in estimating wealth since the fi rst volume, Where Is the Wealth of Nations? Measuring Capital for the 21st Century, was published in 2006. New data substantially improve estimates of natural capital, and, for the fi rst time, human capital is measured by using household surveys to estimate lifetime earnings. The Changing Wealth of Nations 2018 begins with a review of global and regional trends in wealth over the past two decades and provides examples of how wealth accounts can be used for the analysis of development patterns. Several chapters discuss the new work on human capital and its application in development policy. The book then tackles elements of natural capital that are not yet fully incorporated in the wealth accounts: air pollution, marine fi sheries, and ecosystems. This book targets policy makers but will engage anyone committed to building a sustainable future for the planet.