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Summary of Capital in the Twenty-First Century by Thomas Piketty | Includes Analysis
- Narrated by: Dwight Equitz
- Length: 27 mins
- Unabridged Audiobook
- Release date: 06-17-16
- Language: English
- Publisher: Instaread
Regular price: $3.95
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- Unabridged
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Overall4 out of 5 stars 2,424
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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.
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4 out of 5 stars
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Publisher's Summary
Summary of Capital in the Twenty-First Century by Thomas Piketty | Includes Analysis
Preview:
Thomas Piketty's Capital in the Twenty-First Century is a study of inequity, both historically and in the present. The book describes how the concentration of wealth has changed over time. Its central thesis is that return on capital is greater than growth over time, which means that capital and inequality inevitably increase. The book also considers the ways governments might address the increasing concentration of wealth in the future.
Many economists have argued that increasing worker productivity in the modern era will inevitably result in reduced inequality. The historical record suggests that this is untrue. For most of history, there has been a huge gap between the rich and poor with no real middle class.
That changed in developed countries during the twentieth century for a number of reasons. First, two world wars caused massive shocks to the status quo and resulted in severe losses to many holders of capital.
PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book.
Inside this Instaread summary of Capital in the Twenty-First Century:
- Overview of the Book
- Important People
- Key Takeaways
- Analysis of Key Takeaways
About the Author
With Instaread, you can get the key takeaways, summary and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.
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- Alfredo
- 03-12-17
I'm a sucker for synopsis
it fulfilled my expectations and then some. brief but informative. The reader does a good job
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Overall5 out of 5 stars
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Performance4 out of 5 stars
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Story4 out of 5 stars
- Phill Boas
- 10-28-16
Who Really Wants to Hear the Truth ?
Nicely structured summaries give a clear picture of how money works to create and maintain economic inequality. It interestingly does not pose any practical solutions to what the author describes as a political issue. If money is a political and not an economic issue then a political solution is what would seem to be needed. But none is suggested. Who then will possibly come forward to advance one? Market Capitalism and Economic Rationalism would appear to require a political breaking system, apparently from the beneficiaries of the problem! Guess that's not likely to happen any time soon. It is more than a little disturbing to think that some form of extremism may be the only way out!