A Piketty guide for lifelong learners.

When Thomas Piketty’s “Capital in the Twenty-first Century” was published earlier this year, it was something of a sensation. That’s no small feat for a chart-heavy doorstop on “the dismal science” of economics.

A fair portion of the book’s notoriety was due to its subject matter: wealth distribution, an intensely political topic if ever there was one. (Watch Piketty’s TED Talk: New thoughts on capital in the twenty-first century.)

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. Check out the infographic below for a longer explanation:

piketty-infographic-compressed

As the data visualization above suggests, this is simply how capitalism works. Without a significant force to counterbalance rising wealth inequality, the research indicates, a capitalist economy will drift predictably toward oligarchy.

Read the full article on – http://ideas.ted.com/2014/10/06/thomas-pikettys-capital-in-the-twenty-first-century-explained/

Sign up for News!

Sign up for News!

Our newsletter brings you the latest stories from around the world, informative and timely articles, links to useful websites, educational videos, and much more!

Thank you for signing up! Have a nice day! :-)

Pin It on Pinterest

Share This