Quotes from book
Capital in the Twenty-First Century

Capital in the Twenty-First Century
Thomas Piketty Original title Le Capital au XXIe siècle (French, 2013)

Capital in the Twenty-First Century is a 2013 book by French economist Thomas Piketty. It focuses on wealth and income inequality in Europe and the United States since the 18th century. It was initially published in French in August 2013; an English translation by Arthur Goldhammer followed in April 2014.The book's central thesis is that when the rate of return on capital is greater than the rate of economic growth over the long term, the result is concentration of wealth, and this unequal distribution of wealth causes social and economic instability. Piketty proposes a global system of progressive wealth taxes to help reduce inequality and avoid the vast majority of wealth coming under the control of a tiny minority.


Thomas Piketty photo
Thomas Piketty photo
Thomas Piketty photo
Thomas Piketty photo
Thomas Piketty photo
Thomas Piketty photo
Thomas Piketty photo
Thomas Piketty photo
Thomas Piketty photo

“Broadly speaking, the rise of the supermanager is largely an Anglo-Saxon phenomenon.”

Source: Capital in the Twenty-First Century (2013), p. 315.

Thomas Piketty photo

“Democracy will never be supplanted by a republic of experts - and that is a very good thing.”

Source: Capital in the Twenty-First Century (2013), p. 2.

Thomas Piketty photo
Thomas Piketty photo

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