After Piketty: The Agenda for Economics and Inequality

In Capital in the Twenty-First Century, Thomas Piketty examines inequality and economic growth, but critics question its validity. Leading economists and social scientists discuss Piketty's ideas and offer insights into his main argument and criticisms.

\n Format: Paperback / softback
\n Length: 688 pages
\n Publication date: 11 February 2019
\n Publisher: Harvard University Press
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"Capital in the Twenty-First Century" by Thomas Piketty has emerged as a highly influential work in economics, generating widespread discussion and debate. However, the validity of Piketty's analyses of inequality and economic growth remains a subject of scrutiny. In this book, a distinguished panel of economists and social scientists engages in a dialogue with Piketty, exploring various aspects of his work and offering insights into its implications.

One of the central themes addressed in the book is the concept of capital and its role in shaping economic outcomes. Piketty argues that the increasing concentration of wealth among a small percentage of the population is a significant contributor to rising inequality. He presents data and analysis to support his claim, highlighting the growing gap between the rich and the poor and the limited ability of economic growth to address this issue.

The book also raises questions about the effectiveness of current policies and institutions in addressing inequality. Piketty suggests that tax policies, inheritance laws, and social welfare programs may need to be reformed to promote greater equality and reduce wealth disparities. However, he acknowledges that implementing such changes can be challenging due to political and economic constraints.

The panel of experts in the book offers diverse perspectives and critiques of Piketty's work. They discuss the validity of his key equation, which suggests that returns on capital grow faster than the economy, and raise concerns about its long-term sustainability. They also examine the limitations of Piketty's data and methodology, suggesting that alternative approaches may provide a more comprehensive understanding of economic inequality.

Despite the ongoing debate, "Capital in the Twenty-First Century" has been praised for its insightful analysis and its ability to challenge conventional economic thinking. The book has sparked a renewed interest in the study of inequality and has influenced policymakers and researchers around the world. It has also prompted discussions about the role of government, the private sector, and individuals in addressing economic inequality.

In conclusion, "Capital in the Twenty-First Century" by Thomas Piketty is a thought-provoking and influential work that has sparked significant debate and discussion in economics. While the book's analyses of inequality and economic growth are subject to scrutiny, it has undoubtedly contributed to our understanding of these critical issues. The panel of experts in this book offers valuable insights and critiques, helping to shape the future direction of research in this field. As we navigate the challenges of an increasingly unequal world, Piketty's work serves as a reminder of the importance of addressing economic inequality and promoting social mobility.

\n Weight: 1052g\n
Dimension: 149 x 227 x 42 (mm)\n
ISBN-13: 9780674237889\n \n