Check out the infographic below for a longer explanation:Īs the data visualization above suggests, this is simply how capitalism works. What makes this French economist’s conclusions worth global notice? The short answer is that Piketty and his research team amassed a mountain of data, much of it going back centuries, suggesting that the concentration of wealth in ever-fewer hands is not an anomaly or a recent development. (Watch Piketty’s TED Talk: New thoughts on capital in the twenty-first century.) That’s no small feat for a chart-heavy doorstop on “the dismal science” of economics.Ī fair portion of the book’s notoriety was due to its subject matter: wealth distribution, an intensely political topic if ever there was one. When Thomas Piketty’s “ Capital in the Twenty-first Century” was published earlier this year, it was something of a sensation.
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