Capital in the Twenty-First Century

Thomas Piketty, geboren 1971, ist Professor an der Pariser École d'economie. 2013 erhielt er den Yrjö Jahnsson Preis der European Economic Association.

The main driver of inequality-returns on capital that exceed the rate of economic growth-is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty's findings in this ambitious, original, rigorous work will transform debate and set the agenda for the next generation of thought about wealth and inequality.

The main driver of inequality--returns on capital that exceed the rate of economic growth--is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty's findings in this ambitious, original, rigorous work will transform debate and set the agenda for the next generation of thought about wealth and inequality.

Contents Acknowledgments Introduction Part One: Income and Capital 1. Income and Output 2. Growth: Illusions and Realities Part Two: The Dynamics Of The Capital/Income Ratio 3. The Metamorphoses of Capital 4. From Old Europe to the New World 5. The Capital/Income Ratio Over the Long Run 6. The Capital-Labor Split in the Twenty-First Century Part Three: The Structure Of In Equality 7. Inequality and Concentration: Preliminary Bearings 8. Two Worlds 9. Inequality of Labor Income 10. Inequality of Capital Ownership 11. Merit and Inheritance in the Long Run 12. Global Inequality of Wealth in the Twenty- First Century Part Four: Regulating Capital In The Twenty- First Century 13. A Social State for the Twenty-First Century 14. Rethinking the Progressive Income Tax 15. A Global Tax on Capital 16. The Question of the Public Debt Conclusion Notes Contents in Detail Tables and Illustrations Index