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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
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... Capitalist societies​ today exhibit ‘an arbitrary and inequitable distribution of wealth and incomes’ as bad as or worse than in the 1930s, when Keynes declared this one of ‘the outstanding faults of the economic society in which we live’. (The other – not unrelated – was the failure to achieve full employment.) Thomas Piketty’s Capital in the 21st Century is an intelligent, ambitious and above all informative treatment of the problem ...

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