Paupers and Richlings
Benjamin Kunkel: Piketty’s ‘Capital’, 3 July 2014
Capital in the 21st Century
by Thomas Piketty, translated by Arthur Goldhammer.
Harvard, 696 pp., £29.95, March 2014,978 0 674 43000 6 Show More
by Thomas Piketty, translated by Arthur Goldhammer.
Harvard, 696 pp., £29.95, March 2014,
“... all credit for higher growth to lower inequality would be foolish: postwar reconstruction, the green revolution, the Cold War boom in armaments and the flood of petroleum all contributed to the surge. But did the compression of incomes play no significant role? Marx suggested and Keynes took pains to argue that a top-heavy income distribution can hamper ... ”