The Economics of Inequality

In a work that is aligned with but antecedent to his grand synthesis, Capital in the Twenty-First Century, French economist Piketty examines the structural causes of inequality… A discussion worth having and a book worth reading. Cooper Foreign Affairs 2015-11-01) . This should be required reading for every concerned citizen. In some respects, his work is an assault on the kind of cult thinking that these days passes for economic and political analysis. (Axel Gosseries, Fund for Scientific Research (FRS-FNRS) and University of Louvain (UCL))If Piketty is right, inequality is increasing and cannot be cured by the free market; we must understand the problem to understand how to address it. The data, especially the data from recent decades, does not conceal the tale…Avarice and plunder play no part in the language o

even for a person like me with two advanced degrees in economics atearl Piketty's work is highly technical, even for a person like me with two advanced degrees in economics. He analyzes various means of securing economic equality within various scenarios, in general favoring direct government subsidies for the poor over administered or even negotiated wages. I question one point of PIketty's thesis. Piketty assumes that both conservatives and liberals agr. Jaal said A Brilliant Companion to an International Phenomenon. Piketty further explores inequality with this "prequil" volume. Many of the 1-star Amazon reviews of his earlier volume claimed Piketty was a "Marxist" when, in fact, Piketty is an avowed free-market capitalist (Social Democrat), and reserves very harsh words for Marx in both volumes. Apparently, someone on a far right media outlet told their viewers to "give this communist book a bad. "Pretty good summary" according to Alexander Carchidi. This book is an interesting subset of Piketty's Capital. Touching on the matter of inequality with only a spattering of maths, this extended excerpt summarizes many of Piketty's core ideas. A reader curious about hardcore economics will probably not be challenged by this book, though it's certainly a great primer for more technical literature.

Translated by Arthur Goldhammer, The Economics of Inequality now appears in English for the first time.Piketty begins by explaining how inequality evolves and how economists measure it. Along the way, with characteristic clarity and precision, he introduces key ideas about the relationship between labor and capital, the effects of different systems of taxation, the distinction between “historical” and “political” time, the impact of education and technological change, the nature of capital markets, the role

Thomas Piketty is Professor at the Paris School of Economics.