Capital in the Twenty-First Century by Thomas PikettyWhat 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.
Twenty-First Century Fox, Inc. It was one of the two companies formed from the spin-off of the publishing assets of News Corporation , as founded by Rupert Murdoch in It also had significant foreign operations, including the prominent Indian television channel operator Star India. The company ranked No. Following a bidding war with Fox, Sky plc a British media group which Fox held a stake in was acquired separately by Comcast , while Fox's FSN regional sports networks was sold to Sinclair Broadcast Group to comply with antitrust rulings.
In a legal document? In a business letter? In fiction? Twenty-first Century? Twenty-First Century? Unless the name of the century begins a sentence or is part of a proper name, it is written in all lowercase letters: We are living in the twenty-first century.
The 21st twenty-first century is the current century of the Anno Domini era or Common Era , in accordance with the Gregorian calendar. It began on January 1, , and will end on December 31, It is distinct from the century known as the s which began on January 1, , and will end on December 31, The first years of the 21st century were marked by the rise of a global economy and Third World consumerism , mistrust in government , deepening global concern over terrorism and an increase in private enterprise. DNA sequencing cost continues to fall exponentially: the first human genome cost three billion dollars. Advances in technology such as ultrasound , prenatal genetic testing and genetic engineering is changing the demographics and has the potential to change the genetic makeup of the human population.
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