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Capital and Ideology
Book

Capital and Ideology

Belknap Press, 2020 plus...

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Editorial Rating

9

Qualities

  • Comprehensive
  • Eye Opening
  • Visionary

Recommendation

In this thought-provoking sequel to his bestselling Capital in the Twenty-First Century, economist Thomas Piketty expands his focus on inequality to the prodigious “political-ideological repertoire” that constitutes the economic narratives of major nations. This description helps explain the book’s length of more than 1,000 pages, but even the more ponderous sections of Piketty’s tome reward the reader with refreshing and singular slants on history and ideology. Echoing the truism that change is the only inevitability, Piketty calls for more circumspection and greater discussion of the wider causes and remedies of inequality.

Take-Aways

  • Throughout history, political systems have justified economic inequality in different ways.
  • The 21st century’s dominant ideology centers on property ownership and meritocracy.
  • Political elites are the winners of the meritocracy and globalization sweepstakes.

About the Author

Thomas Piketty, a professor at the Paris School of Economics, is the author of the best-selling Capital in the Twenty-First Century.


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    M. E. 4 years ago
    To the casual reader, the arguments make sense, not because they are sound, but because they appeal to our basic feelings of justice and fairness. <br> <br>Unfortunately Piketty is a very idealist left wing propagandist. <br> <br>His arguments assume way to much without offering proof, and use "equality" as an ideal, to appeal to our irrational feelings, combined with the always fashionable environmental theme, neglecting the fact that what matters to the poor of the world is not really inequality, but the capacity to actually produce wealth by their own means.
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      4 years ago
      Couldn't agree more!
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      4 years ago
      Poor don't "produce wealth", state does (Stephanie Kelton). Inequality may not be the biggest problem with the current system, precarity is by far worse and affects everybody (Albena Azmanova) which makes Piketty a bit dated already.

      I haven't read this book yet (it sits on my shelf waiting), but after reading his previous book 'Capital in the 21st Century', I can't believe that Piketty would just pull things out of the air as his first book is all about data, going back decades and even centuries. I am sure a summary might not be able to do justice to an economist whose works pivots on solid data.