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Capital in the Twenty-First Century
- Narrated by: L. J. Ganser
- Length: 24 hrs and 58 mins
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Capital in the Twenty-First Century
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Publisher's Summary
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 Capital in the Twenty-First Century, Thomas Piketty analyzes a unique collection of data from 20 countries, ranging as far back as the 18th century, to uncover key economic and social patterns. His findings will transform debate and set the agenda for the next generation of thought about wealth and inequality.
Piketty 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. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, Piketty says, and may do so again.
A work of extraordinary ambition, originality, and rigor, Capital in the Twenty-First Century reorients our understanding of economic history and confronts us with sobering lessons for today.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Prakash Dokras
- 25-12-22
must read
fantastic book.. powerful content... precisely written... well informed writter... most knowledgeable in the field... it gives a 360 degree look at the capital in details... Bravo!
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Overall4 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Suhas SM
- 20-11-22
global wealth tax is unfortunately not the answer
inequality cannot be cured by equating unequals. while the work is seminal in terms of breadth and depth of research the conclusions drawn on how to solve inegalitarian world order are short sighted.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Satyajit D.
- 01-05-21
A Magnum Opus!
This book has taken me through a political, social & economic journey across centuries. Wonderfully captured the nuances that drive inequality in income and wealth.
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1 person found this helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Rahul Madaan
- 19-05-20
For everyone’s read.. especially for one who doesn’t know much about Macro Economics
Hard copy of this book was gifted to me by one of my friends years ago but I couldn’t get courage to touch it as it was huge (570 pages).. Then Mr Picketty also got the Noble Prize, so I thought this must be something much above my intellectual level to understand😁. But thanks to Audible, which enabled me to go through the entire book.. and I’m happy to mention that the writer has a beautiful style of explaining the subject so that everyone can correlate it with our history/ say-to-day matter... a must read/heard book..
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Overall5 out of 5 stars
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Performance4 out of 5 stars
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Story3 out of 5 stars
- VJK NAIR
- 24-10-20
Political Economy
Updating topic on Capital based on all data available to Author Thomas Picketty.
Very useful for reference further study and for practice.
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