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Capital in the Twenty-First Century
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TLDR
Piketty's Capital in the Twenty-First Century as mentioned in this paper 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.Abstract:
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 Nationread more
Citations
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Shaker A. Zahra,Mike Wright +1 more
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The Facts of Economic Growth
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Towards an Elaborated Theory of Inclusive Development
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Brexit, Trump, and 'methodological whiteness': on the misrecognition of race and class
TL;DR: It is argued that a pervasive 'methodological whiteness' has distorted social scientific accounts of both Brexit and Trump's election victory and that this needs to be taken account of in the authors' discussion of both phenomena.
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Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality
TL;DR: In this paper, the authors highlight some of the key empirical facts from this research and comment on how they relate to macroeconomics and to economic theory more generally, and describe simple mechanisms that give rise to Pareto distributions for income and wealth and consider the economic forces that influence top inequality over time and across countries.
References
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Top Incomes in the Long Run of History
TL;DR: A recent literature has constructed top income shares time series over the long run for more than twenty countries using income tax statistics as discussed by the authors, and the estimation methods and issues that arise when constructing top income share series, including income definition and comparability over time and across countries, tax avoidance and tax evasion.
Journal ArticleDOI
A Model of Income Distribution
TL;DR: In this article, it was shown that the distribution of incomes between an enumerable infinity of income ranges is assumed to develop by means of a stochastic process and that the Pareto curve of the equilibrium distribution will be asymptotic to a straight line.
Journal ArticleDOI
Capital is Back: Wealth-Income Ratios in Rich Countries, 1700-2010
Thomas Piketty,Gabriel Zucman +1 more
TL;DR: In this paper, the authors used 1970-2010 national balance sheets of the United States, United Kingdom, Germany, and France to investigate how the aggregate wealth-to-income ratios evolve in the long run and why.
Journal ArticleDOI
Inequality in the long run.
Thomas Piketty,Emmanuel Saez +1 more
TL;DR: In this article, the authors take stock of recent progress that has been made in this area and present a number of basic facts regarding the long-run evolution of income and wealth inequality in advanced countries.
Journal ArticleDOI
Distribution of income and wealth among individuals
TL;DR: In this article, the authors consider a simple model of accumulation with a linear savings function, a constant reproduction rate, homogeneous labor, and equal division of wealth among one's heirs.