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Capital in the Twenty-First Century

Thomas Piketty
August 14, 2017
Categories:Non-Fiction

Capital in the Twenty-First Century, by Thomas Piketty is one of the most important pieces of economic literature of our time. It is an extensive investigation into income inequality in the world today, focusing on countries all over the world, and their experiences throughout history. Piketty focuses on modern economic trends, and argues that current economic regulations are not optimized for the best possible distribution of wealth. The book argues that the income gap today is not only ethically and morally wrong, but is dangerous for the future of any economy. Piketty also explains in detail the underlying factors that have contributed to the current inequality issues, and how they could be addressed. Piketty uses a multitude of resources to back up his arguments and provide extensive evidence, including published research studies, raw data, and statistical models. He explains how powerful countries can make a difference in income inequality through progressive taxation, various forms of redistribution of wealth, and modern regulation. Piketty believes that a global solution is the only way to make a real difference in the inequality gap. Capital in the Twenty-First Century by Thomas Piketty has been praised for its expansive research and well thought-out analysis. It is a must read for anyone who desires a deeper understanding of economic inequality today and its root causes, remedies, and trends. It is not only a great source of knowledge but also an eye opener for modern societies on matters concerning wealth and wealth distribution. Piketty’s work gives us a comprehensive overview of what happens when wealth concentrates in the hands of the few, and why this can be very concerning for society.

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Rendors (4)

2
TIME 100: Most Influential People
1
Forbes World's Most Powerful People
1
Fortune 500 CEO
1
O'Reilly Open Source Award
1
Tim Ferris Show Guest

Bill Gates

December 8, 2014
Founder/Microsoft
Fortune 500 CEO
Forbes World's Most Powerful People
TIME 100: Most Influential People

Capital sparked a fantastic global discussion this year about inequality. Piketty kindly spent an hour discussing his work with me before I finished my review. As I told him, although I have concerns about some of his secondary points and policy prescriptions, I agree with his most important conclusions: inequality is a growing problem and that governments should play a role in reducing it. I admire his work and hope it draws in more smart people to study the causes of, and cures for, inequality.

Programmer and the creator of Ruby on Rails
O'Reilly Open Source Award
Tim Ferris Show Guest

David Heinemeier Hansson (Co-Founder/Basecamp) This is the book that was catapulted by its conclusion: r > g. That the rate of return on capital is greater than the growth rate of the economy. Which means that capital, and the people who own it, will end up with a larger and larger share of all wealth and income in the economy as time goes on. It’s a dense dive into the historical data on wealth, income, and economic growth from the optic of inequality. It’s fascinating to realize just how little economic growth there was before the industrial revolution (<0.1% at times). Centuries would pass where societies got almost no more productive, and thus saw no per-capita growth. In the past few decades, we’ve moved closer to the historical norm. Real growth through productivity improvements is down a lot since that former golden period, most western societies aren’t growing their population as rapidly as they were, and thus hereditary wealth and privileges are coming b

Alexandria Ocasio-Cortez

December 20, 2018
Politician
TIME 100: Most Influential People
Founder & CEO/Zeall.us

Lucas Morales (Founder & CEO/Zeall.us) Depending on your interest and goals, if you are like me and always looking for the trends in the big picture then I highly recommend being an active contrarian reader. Read what no one else is reading. Your goal is to think outside the box. To look at the world and ask “why hasn’t this been solved?” And that gives you a roadmap as to what opportunities may exist for your entrepreneurial efforts. So to that, here’s a snapshot, in no particular order, of what might help you push your intellectual boundaries: Born a Crime: Stories from a South African Childhood by Trevor Noah 23 Things They Don't Tell You About Capitalism by Ha-Joon Chang Postcapitalism: A Guide to Our Future by Paul Mason Capital in the Twenty-First Century by Thomas Piketty Who Gets What--And Why: The New Economics of Matchmaking and Market Design by Alvin E. Roth The Political Economy of Participatory Economics by Michael Albert and Robin Hahnel The Zero Mar

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