The Return of "Patrimonial Capitalism": A Review of Thomas Piketty's Capital in the Twenty-First Century
Journal of Economic Literature
no. 2, June 2014
Capital in the Twenty-First Century by Thomas Piketty provides a unified theory of the functioning of the capitalist economy by linking theories of economic growth and functional and personal income distributions. It argues, based on the long-run historical data series, that the forces of economic divergence (including rising income inequality) tend to dominate in capitalism. It regards the twentieth century as an exception to this rule and proposes policies that would make capitalism sustainable in the twenty-first century.
"The Return of "Patrimonial Capitalism": A Review of Thomas Piketty's Capital in the Twenty-First Century."
Journal of Economic Literature,
History of Economic Thought through 1925: General
Personal Income, Wealth, and Their Distributions
Factor Income Distribution
Aggregate Factor Income Distribution
Economic History: Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy: General, International, or Comparative
Capitalist Systems: Political Economy