Capital in the 21st Century
29.99 €
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In Capital in the Twenty-First Century. Thomas Piketty offered a new perspective on a problem that has received increasing attention in recent decades - the problem of inequality. Having analyzed huge amounts of data, the French economist discovered the following pattern. Other things being equal, rapid economic growth reduces the role of capital and its concentration in private hands and leads to a reduction in inequality, while a slowdown in growth has the consequence of increasing the importance of capital and increasing inequality. In historical retrospect - and Piketty's book covers a huge period from the early eighteenth century to the present day - the growth of capital's influence was interrupted only in the twentieth century as a consequence of two world wars and the Keynesian policies of the Glorious Thirties (1945-1975). Today, however, the world is returning to a situation where inequality is steadily increasing, with potentially dire social and political consequences. Unlike Karl Marx, with whom Piketty is often compared, however, the Frenchman does not limit himself to a gloomy statement of the current situation, nor does he predict the collapse of the capitalist system. He proposes measures that could suspend unfavorable trends.
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