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Looking at Piketty from the Periphery

Author

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  • Luis Bértola

    () (Programa de Historia Económica y Social, Facultad de Ciencias Sociales, Universidad de la República)

Abstract

This working paper discusses Piketty´s already famous book. It remarks some of the strong sides of the book, before critically discussing some aspects. It is argued that Piketty could have benefitted by using other theories of capital, different than the neoclassical one adopted. The note also places Piketty´s limited contribution, as seen in a more comprehensive context, in which international relations and reversal causality between growth and distribution are considered. The notes ends by pointing to the fact that Piketty presents modern development´s main stylized fact in a wrong way, because he is too narrowly focused on the developed regions

Suggested Citation

  • Luis Bértola, 2016. "Looking at Piketty from the Periphery," Documentos de trabajo 47, Programa de Historia Económica, FCS, Udelar.
  • Handle: RePEc:ude:doctra:47
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    File URL: http://cienciassociales.edu.uy/unidadmultidisciplinaria/wp-content/uploads/sites/6/2016/09/DT_PHES_No-47-Luis-B%C3%ABrtola.pdf
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    More about this item

    Keywords

    Desigualdad; periferia; capital;

    JEL classification:

    • N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods
    • N36 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Latin America; Caribbean
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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