Introduction 1 Freedom's Just Another Word  2 The Construction of Consent 3 The Neoliberal State 4 Uneven Geographical Developments 5 Neoliberalism with 'Chinese Characteristics' 6 Neoliberalism on Trial 7 Freedom's Prospect Notes Bibliography Index

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A Brief History of Neoliberalism

In this article, I present three key facts about income and wealth inequality in the long run emerging from my book, Capital in the Twenty-First Century, and seek to sharpen and refocus the discussion about those trends. In particular, I clarify the role played by r > g in my analysis of wealth inequality. I also discuss some of the implications for optimal taxation, and the relation between capital-income ratios and capital shares.

About Capital in the Twenty-First Century

A New York Times #1 Bestseller An Amazon #1 Bestseller A Wall Street Journal #1 Bestseller A USA Today Bestseller A Sunday Times Bestseller Winner of the Financial Times and McKinsey Business Book of the Year Award Winner of the British Academy Medal Finalist, National Book Critics Circle Award "It seems safe to say that Capital in the Twenty-First Century, the magnum opus of the French economist Thomas Piketty, will be the most important economics book of the year-and maybe of the decade." -Paul Krugman, New York Times "The book aims to revolutionize the way people think about the economic history of the past two centuries. It may well manage the feat." -The Economist "Piketty's Capital in the Twenty-First Century is an intellectual tour de force, a triumph of economic history over the theoretical, mathematical modeling that has come to dominate the economics profession in recent years." -Steven Pearlstein, Washington Post "Piketty has written an extraordinarily important book...In its scale and sweep it brings us back to the founders of political economy." -Martin Wolf, Financial Times "A sweeping account of rising inequality...Piketty has written a book that nobody interested in a defining issue of our era can afford to ignore." -John Cassidy, New Yorker "Stands a fair chance of becoming the most influential work of economics yet published in our young century. It is the most important study of inequality in over fifty years." -Timothy Shenk, The Nation

/pdf/capital-in-the-twenty-first-century-3ozrldwi71.pdf

Capital in the Twenty-First Century

This paper develops a dynamic general equilibrium model that is intended to help clarify the role of credit market frictions in business fluctuations, from both a qualitative and a quantitative standpoint. The model is a synthesis of the leading approaches in the literature. In particular, the framework exhibits a financial accelerator,' in that endogenous developments in credit markets work to amplify and propagate shocks to the macroeconomy. In addition, we add several features to the model that are designed to enhance the empirical relevance. First, we incorporate money and price stickiness, which allows us to study how credit market frictions may influence the transmission of monetary policy. In addition, we allow for lags in investment which enables the model to generate both hump-shaped output dynamics and a lead-lag relation between asset prices and investment, as is consistent with the data. Finally, we allow for heterogeneity among firms to capture the fact that borrowers have differential access to capital markets. Under reasonable parametrizations of the model, the financial accelerator has a significant influence on business cycle dynamics.

https://papers.ssrn.com/sol3/Delivery.cfm/nber_W6455.pdf?abstractid=226200&mirid=1

The Financial Accelerator in a Quantitative Business Cycle Framework

2 1 The innovative transport systems and the CityMobil project 10 1.1 The research questions 10 2 The state of art in the field of automatic transport systems 12 2.1 Case studies and demand studies for innovative transport systems 12 3 The design and implementation of surveys 14 3.1 Definition of experimental design 14 3.2 Questionnaire design and delivery 16 3.3 First analyses on the collected sample 18 4 Calibration of Logit Multionomial demand models 21 4.1 Methodology 21 4.2 Calibration of the “full” model. 22 4.3 Calibration of the “final” model 24 4.4 The demand analysis through the final Multinomial Logit model 25 5 The analysis of interaction between the demand and socioeconomic attributes 31 5.1 Methodology 31 5.2 Application of Mixed Logit models to the demand 31 5.3 Analysis of the interactions between demand and socioeconomic attributes through Mixed Logit models 32 5.4 Mixed Logit model and interaction between age and the demand for the CTS 38 5.5 Demand analysis with Mixed Logit model 39 6 Final analyses and conclusions 45 6.1 Comparison between the results of the analyses 45 6.2 Conclusions 48 6.3 Answers to the research questions and future developments 52

The European commission

This paper evaluates the prospects for income tax reform in China during the coming decade (with a comparison to India), and argues that such reforms should rank high on the policy agenda in these two countries. Due to high average income growth and sharply rising top income shares during the 1990s and early 2000s, progressive income taxation is about to raise non-trivial tax revenues in China and India and to become an important political object. According to our projections, the income tax should raise at least 4% of Chinese GDP in 2010 (versus less than 1% in 2000 and 0,1% in 1990), in spite of the 20% nominal rise in the exemption threshold that took effect in 2004. The fact that progressive income taxation is becoming an important policy tool has important consequences for China’s ability to finance social spending and to keep under control the rise in income inequality associated to globalization and growth. Due to faster income growth and to a higher fraction of wage earners in the labor force, the prospects for income tax development look better in China than in India. This potential is however limited by the fact that Chinese top wage-earners are under-taxed relatively to top non-wage income earners.

Income Inequality and Progressive Income Taxation in China and India, 1986-2015

Piketty's grandchildren

Dans Capital et idéologie , je tente d’écrire une histoire comparative des régimes inégalitaires. Je définis un régime inégalitaire comme un ensemble de discours et de dispositifs institutionnels visant à justifier et à structurer les inégalités économiques, sociales et politiques d’une société donnée. Chaque société humaine a besoin de justifier ses inégalités et de donner du sens à ses structures sociales. J’essaie de montrer que ces justifications contiennent toujours leur part de vérité et d’exagération, d’imagination et de bassesse, d’idéalisme et d’égoïsme. Chaque régime inégalitaire a ses faiblesses et ne peut survivre qu’en se redéfinissant en permanence, souvent de façon conflictuelle et violente, mais également en s’appuyant sur des expériences et connaissances partagées. Toutes les idéologies de l’inégalité et de l’égalité s’appuient notamment sur une théorie de la frontière (quels sont les contours de la communauté humaine et politique à laquelle on se rattache, et comment se gouverne-t-elle en son sein et dans ses relations avec les autres ?) et une théorie de la propriété (qu’a-t-on le droit de posséder, et comment régule-t-on les relations de pouvoir entre les propriétaires et les non-propriétaires ?). Je tente de montrer les multiples déplacements qui s’opèrent

A propos de Capital et idéologie

Cet article tente de clarifier certains points souleves dans mon livre Le capital au XXIe siecle. En particulier, j’essaie dans cet ouvrage de poser des jalons en vue d’une histoire multidimensionnelle du capital et des relations de pouvoir entre classes sociales. J’etudie la facon dont les differentes formes de possession engendrent des structures inegalitaires et des compromis sociaux et institutionnels specifiques.

Vers une économie politique et historique

Sans moyens financiers nouveaux mis a la disposition des universites, leur autonomie ne peut etre qu’illusoire.

Thomas Piketty

Papers

Income Inequality and Progressive Income Taxation in China and India, 1986-2015

Piketty's grandchildren

A propos de Capital et idéologie

Vers une économie politique et historique

Autonomie des universités : l'imposture