Thursday, 31 December 2015

NEWS: Thomas Piketty’s “Capital”, summarised in four paragraphs


Photo via The Economist.


"IT IS the economics book taking the world by storm. "Capital in the Twenty-First Century", written by the French economist Thomas Piketty, was published in French last year and in English in March of this year. The English version quickly became an unlikely bestseller, and it has prompted a broad and energetic debate on the book’s subject: the outlook for global inequality. Some reckon it heralds or may itself cause a pronounced shift in the focus of economic policy, toward distributional questions. This newspaper has hailed Mr Piketty as "the modern Marx" (Karl, that is). But what’s it all about?" The Economist promises to explain this (massive) book in four decent sized paragraphs. E.T.P. 4'

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