It’s a book about quantitative macroeconomic. Thomas Piketty’s Capital In The Twenty-First Century isn’t just a book on inequality. If anything in my review contradicts that of real economists, trust them instead of me. For this book is less a work of economic analysis than a bizarre ideological screed. I review it only because if I had to slog through reading this thing I at least want to get a blog post out of it. Piketty's data-and there are reasons for skepticism, given the author's own caveats and the fact that many early statistics are based on extremely limited samples of estate tax records and dubious extrapolation-is ultimately of little consequence. He presents a blizzard of data about income distribution in many countries, claiming to show that inequality has widened dramatically in recent decades and will soon get dangerously worse. Piketty's dense exploration of the history of wages and wealth over the past three centuries. "Capital in the Twenty-First Century" is Mr. The way to do this is to eliminate high incomes and to reduce existing wealth through taxation. Capital in the Twenty-First Century Thomas Piketty Belknap/Harvard Pages: 684 Price: 39. There is, he thinks, a moral illegitimacy to virtually any accumulation of wealth, and it is a matter of justice that such inequality be eradicated in our economy. But he does not like how it allocates income. Piketty has written an extraordinarily important book.In its scale and sweep it brings us back to the founders of political economy. Thomas Piketty likes capitalism because it efficiently allocates resources.
0 Comments
Leave a Reply. |