![]() ![]() ![]() Essentially, Piketty argues that societies develop strong ideological rationales for inequality these become enshrined in many customs and laws and are hard to reverse. ![]() ![]() the bottom half (he is skeptical about the value of measures such as Gini coefficients). Piketty typically gauges inequality by observing the shares of income and wealth earned and possessed by the top (1% or 10%) vs. It is a truly monumental work, reviewing trends in income and wealth inequality across of host of nations and eras, and attempting to find some overarching explanation for them. Thomas Piketty became one of the world's most famous economists with his book, Capital in the Twenty-First Century (Piketty 2014), discussing movements in wealth inequality and their relationship to rates of return and the growth of economies, and also igniting a technical controversy (Mankiw 2015) about the relationship of r (the rate of return) and g (the real rate of growth).Ĭapital and Ideology is more than a follow-up to the earlier book. Thomas Piketty: Capital and Ideology (translated by Arthur Goldhammer) ![]()
0 Comments
Leave a Reply. |