Wealth inequality is not only something third and developing-countries deal with, and Thomas Piketty’s new book is addressing exactly that.
Capital in the 21st Century, while debated, discusses how the rise of inequality is killing capitalism.
It is a big book in every sense of the word, using empirical evidence from 30 countries to describe how capitalism has evolved over the past 300 years and is now reverting to what Piketty calls the Downton Abbey world of a century ago.
So what makes Piketty’s book different from the other economic-jargon-packed literature out there? Picketty freely uses popular culture and an understandable tone to carry his points across, and he does so extremely well.
Lord (Adair) Turner, the former chairman of the Financial Services Authority, says Capital is “a remarkable piece of work”, with even famed economist Paul Krugman saying Piketty’s work will “change both the way we think about society and the way we do economics”.
This could just be the perfect read before bed or to put you to bed, depending on your taste – but let’s face it – It IS rare to see such buzz about an economics book. We haven’t seen anything like this since Rich Dad, Poor Dad.
Piketty must be doing something right. Click here to get a copy of his book.
And besides, shouldn’t be getting your house in order?
You know, financially speaking?
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Read more on Capital In The Twenty First Century
on Business Insider and The Guardian.
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