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An Analysis of Thomas Piketty's Capital in the Twenty-First Century Nick Broten

An Analysis of Thomas Piketty's Capital in the Twenty-First Century By Nick Broten

An Analysis of Thomas Piketty's Capital in the Twenty-First Century by Nick Broten


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Summary

In his best selling book Capital in the Twenty-First Century, economist Thomas Piketty argues that capitalism has no tendency towards a fair distribution of wealth taking issue with the idea that inequality declines as capitalism matures.

An Analysis of Thomas Piketty's Capital in the Twenty-First Century Summary

An Analysis of Thomas Piketty's Capital in the Twenty-First Century by Nick Broten

Thomas Piketty is a fine example of an evaluative thinker. In Capital in the Twenty-First Century, he not only provides detailed and sustained explanations of why he sees existing arguments relating to income and wealth distribution as flawed, but also gives us very detailed evaluations of the significance of a vast amount of data explaining why incomes is distributed in the ways it is.

As Piketty stresses, "the distribution question... deserves to be studied in a systematic and methodical fashion." This stress on evaluating the significance of data leads him to focus on the central evaluative questions, and look in turn at the acceptability, relevance, and adequacy of existing justifications for the unequal distribution of wealth. In doing so, Piketty applies his understanding of the data to answering the deeply important question of what political structures and what policies are necessary to move us towards a more equal society.

Piketty's evaluation of the data supports his argument that inequality cannot be depended on to reduce over time: indeed, without government intervention, it is highly likely to increase. In addition, he evaluates international data to argue that poor countries do not necessarily become less poor as a result of foreign investment. This strong emphasis on the interrogation of data, rather than building mathematical models that are divorced from data, is a defining feature of Piketty's work.

About Nick Broten

Nick Broten was educated at the London School of Economics and the California Institute of Technology. He is doing postgraduate work at the Pardee RAND Graduate School and works as an assistant policy analyst at RAND. His current policy interests include designing distribution methods for end-of-life care, closing labour market skill gaps, and understanding biases in risk-taking by venture capitalists.

Table of Contents

Ways In to the Text

Who was Thomas Piketty?

What does Capital in the Twenty-First Century Say?

Why does Capital in the Twenty-First Century Matter?

Section 1: Influences

Module 1: The Author and the Historical Context

Module 2: Academic Context

Module 3: The Problem

Module 4: The Author's Contribution

Section 2: Ideas

Module 5: Main Ideas

Module 6: Secondary Ideas

Module 7: Achievement

Module 8: Place in the Author's Work

Section 3: Impact

Module 9: The First Responses

Module 10: The Evolving Debate

Module 11: Impact and Influence Today

Module 12: Where Next?

Glossary of Terms

People Mentioned in the Text

Works Cited

Additional information

GOR009082100
9781912127719
1912127717
An Analysis of Thomas Piketty's Capital in the Twenty-First Century by Nick Broten
Used - Very Good
Paperback
Macat International Limited
2017-07-05
114
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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