Capitalism in the Twenty-First Century: An Overview
Thomas Piketty’s capitalism in the twenty-first century is arguably the most significant book in empirical economics since Simon Kuznets’s Modern Economic Growth (1966) and, on a theoretical plane, since Keynes’s General Theory (1936). Like Kuznets’s masterpiece, this massive report on long-term trends in shares of income and wealth in the top decile and centile percent of their distribution quantifies a crucial and until now underreported dimension of aggregate economic performance. Like Keynes’s, it raises fundamental questions about economics conceived as a science uniquely concerned with the allocation of scarce resources regardless of how the resources are distributed among individuals. Piketty’s study focuses on that distribution, and in particular the share of the 10% of individuals who currently own 50–60% of private wealth in western societies and take home 35–50% of the national income (Piketty, 2014, pp. 247–249). The findings are new.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 10 (2015)
Issue (Month): 1 (June)
|Contact details of provider:|| Web page: https://www.degruyter.com|
|Order Information:||Web: https://www.degruyter.com/view/j/bis|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-484, July.
- Barro, Robert J, 1974.
"Are Government Bonds Net Wealth?,"
Journal of Political Economy,
University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
- Barro, Robert J., 1974. "Are Government Bonds Net Wealth?," Scholarly Articles 3451399, Harvard University Department of Economics.
- Daunton, Martin, 2007. "Wealth and Welfare: An Economic and Social History of Britain 1851-1951," OUP Catalogue, Oxford University Press, number 9780198732099.
- Gregory Clark, 2007. "The long march of history: Farm wages, population, and economic growth, England 1209-1869 -super-1," Economic History Review, Economic History Society, vol. 60(1), pages 97-135, 02. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:bpj:bistud:v:10:y:2015:i:1:p:7-28:n:10. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.