Capital in the Twenty-First Century

[NobleSavage]

http://www.amazon.com/Capital-Twent...&keywords=Capital+in+the+Twenty-First+Century

There is a good review of this book on The Guardian.
http://www.theguardian.com/books/20...rld-french-economist-thomas-piketty?CMP=fb_gu

 

[SimpleDon]

http://www.amazon.com/Capital-Twent...&keywords=Capital+in+the+Twenty-First+Century

There is a good review of this book on The Guardian.
http://www.theguardian.com/books/20...rld-french-economist-thomas-piketty?CMP=fb_gu

I own the book but haven't gotten too far in it. It is 700 pages or so.

There has been a lot of discussion about this book in the economics blogs.

The first two below are reviews by 13 economists of the book. They contain links to the full reviews.

http://equitablegrowth.org/2014/03/...-first-century-wednesday-focus-march-26-2014/

http://equitablegrowth.org/2014/04/...nty-first-century-tuesday-focus-april-1-2014/

Critical review by a post-Keynesian.

Piketty is saying that any time that r, the return on capital investment, exceeds g, the growth rate of the economy, then the capitalists accumulate money at the cost of the wage earner. If however, g > r then money flows the other way, from rewarding capital to rewarding labor, that is to wages.

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This maybe a little wonkish for civilians.

 

[NobleSavage]

Thanks for the links SimpleDon. I'm thinking about reading it.