[GET] CAPITAL in the Twenty-First Century

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What are the grand dynamics that drive the accumulation and distribution
of capital? Questions about the long-term evolution of inequality, the concentration of
wealth, and the prospects for economic growth lie at the heart of political economy.

But satisfactory answers have been hard to find for lack of adequate data and clear
guiding theories. In Capital in the Twenty-First Century,
Thomas Piketty analyzes a unique collection of data from
twenty countries, ranging as far back as the eighteenth century, to uncover key economic
and social patterns. His findings will transform debate and set the agenda for the next
generation of thought about wealth and inequality.

Piketty shows that modern economic growth and the diffusion of knowledge have allowed
us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not
modified the deep structures of capital and inequality as much as we thought in the optimistic
decades following World War II. The main driver of inequality―the tendency of returns on
capital to exceed the rate of economic growth―today threatens to generate extreme inequalities
that stir discontent and undermine democratic values. But economic trends are not acts of God.
Political action has curbed dangerous inequalities in the past, Piketty says, and may do so again.

A work of extraordinary ambition, originality, and rigor, Capital in the Twenty-First Century
reorients our understanding of economic history and confronts us with sobering lessons for today.



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