Verlagstext:
Thomas Piketty's book Capital in the 21st Century has already attracted more serious attention than any economics book published in the last seventy-five years. This collection of 17 essays by some of the world's most prominent economists explores Piketty's book at depth and from various vantage points. Here is what economists around the world are already saying about this book.
Stimmen zum Buch:
"Marx's Capital is strong on theory but, it detractors allege, weak on data. In a dialectic worthy of Hegel himself, the critics assembled here argue that Piketty's Capital stands opposite to Marx's, as strong on data but weak on theory. This combination--plus its exquisite timing--explains it critical acclaim. The juxtaposition of economic stagnation and obscene inequality in the aftermath of the financial crisis made it impossible for mainstream economists to continue ignoring inequality, let alone applauding it as they have done for so long. Piketty made it possible for them to acknowledge it without abandoning their comforting but false mainstream theories of capitalism. These authors in this volume applaud Piketty for his contribution to empirical knowledge, but reject his views on how this inequality came about. The true Capital for the 21st century is still yet to be written." - Steve Keen
"Neoclassical economics spawned a utopian belief in capitalism with unregulated market forces. Thomas Piketty's empirical analysis has dealt a fatal blow to that belief by highlighting the recent huge redistributions of income and wealth to the ultra-rich. This raises a fundamental question for people around the world: How do we achieve a better world through economic policies? This global collection addresses that question and explores theoretical explanations for Piketty's empirical findings." - Ping Chen, Fudan University and Peking University
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Introduction: the Piketty phenomenon 1
Jamie Morgan & Edward Fullbrook
The Piketty phenomenon and the future of inequality 10
Robert HWade
Egalitarianism's latest foe: a critical review of Thomas 35
Piketty's Capital in the Twenty-First Century
Yanis Varoufakis
Piketty and the limits of marginal productivity theory 63
Lars Pälsson Syll
Piketty's determinism? 75
Ann Pettifor & Geoff Tily
Piketty's global tax on capital: a useful utopia or a realistic 85
alternative to a global disaster?
Heikki Patomäki
Reading Piketty in Athens 95
Richard Parker
Pondering the hurdles for the Mexican economy while reading 119
Capital in the Twenty-First Century
Alicia Puyana Mutis
Piketty's inequality and local versus global Lewis turning 141
points
Richard CKoo
The growth of capital: Piketty, Harrod-Domar, Solow and the 156
long run development of the rate of investment
Merijn Knibbe
Piketty vsthe classical economic reformers 189
Michael Hudson
Is Capital in the Twenty-First Century, Das Kapital for the 203
twenty-first century?
Claude Hillinger
Piketty and the resurgence of patrimonial capitalism 214
Jayati Ghosh
Unpacking the first fundamental law 225
James KGalbraith
Capital and capital: the second most fundamental confusion 231
Edward Fullbrook
Piketty's policy proposals: how to effectively redistribute 250
income
David Colander
Piketty: inequality, poverty and managerial capitalism 259
VABaker
Capital in the Twenty-First Century: are we doomed without a 270
wealth tax?
Dean Baker