At first, I found this hard to understand. Thomas Piketty’s book has received enormous attention and lavish praise from academics and policy-makers alike, including Mark Carney and Christine Lagarde. One can only hope that his work will actually influence adoption of his policy recommendations.Ĭapital in the Twenty-First Century. No wonder his thoughts have resonated even at the highest political levels. Piketty shows himself to be not only a supereconomist but also a skilled politician, writes Christel Lane. In Capital in the Twenty-First Century, Thomas Piketty seeks to analyse a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy.
0 Comments
Leave a Reply. |