Description

Capital in the Twenty-First Century aims to revolutionize the perception people have about the economic history of the world. This book provides an incisive look and valuable information on the economic and social evolution of the world.

Summary of the Book

Capital in the Twenty-First Century, written by French economist Thomas Piketty discusses one of the most controversial issues of wealth distribution in the world. The book provides a deep insight into the wealth and income inequality in the US and Europe in the 18th century. The central theme of the book is the inequality of wealth does not happen by accident but it is because of influence of capitalism. He also writes that wealth accumulates if the rate of return on capital exceeds the economic growth rate. This will with time leads to concentration of wealth and economic instability. Capital in the Twenty-First Century will make for an ideal read for economists and those interested in knowing about the changing trends in world economy.