![]() For this book is less a work of economic analysis than a bizarre ideological screed. Pikettys Capital seeks to bring the issue of inequality back to the centre of. Piketty's data-and there are reasons for skepticism, given the author's own caveats and the fact that many early statistics are based on extremely limited samples of estate tax records and dubious extrapolation-is ultimately of little consequence. This paper reviews Thomas Pikettys Capital in the Twenty-First Century. He presents a blizzard of data about income distribution in many countries, claiming to show that inequality has widened dramatically in recent decades and will soon get dangerously worse. Piketty's dense exploration of the history of wages and wealth over the past three centuries. "Capital in the Twenty-First Century" is Mr. The way to do this is to eliminate high incomes and to reduce existing wealth through taxation. There is, he thinks, a moral illegitimacy to virtually any accumulation of wealth, and it is a matter of justice that such inequality be eradicated in our economy. ![]() ![]() But he does not like how it allocates income. Thomas Piketty likes capitalism because it efficiently allocates resources. ![]()
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