A Macat analysis of Thomas Piketty's "Capital in the twenty-first century"
Material type: TextPublication details: London Macat International 2017Description: 104pISBN: 9781912127719Subject(s): Income distribution Philosophical anthropology Wealth Labor economics CapitalismDDC classification: 332.041 Summary: Thomas Piketty is a fine example of an evaluative thinker. In Capital in the Twenty-First Century, he not only provides detailed and sustained explanations of why he sees existing arguments relating to income and wealth distribution as flawed, but also gives us very detailed evaluations of the significance of a vast amount of data explaining why incomes is distributed in the ways it is. As Piketty stresses, “the distribution question… deserves to be studied in a systematic and methodical fashion.” This stress on evaluating the significance of data leads him to focus on the central evaluative questions, and look in turn at the acceptability, relevance, and adequacy of existing justifications for the unequal distribution of wealth. In doing so, Piketty applies his understanding of the data to answering the deeply important question of what political structures and what policies are necessary to move us towards a more equal society. Piketty’s evaluation of the data supports his argument that inequality cannot be depended on to reduce over time: indeed, without government intervention, it is highly likely to increase. In addition, he evaluates international data to argue that poor countries do not necessarily become less poor as a result of foreign investment. This strong emphasis on the interrogation of data, rather than building mathematical models that are divorced from data, is a defining feature of Piketty’s work.Item type | Current library | Call number | Status | Date due | Barcode |
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BK | Stack | 332.041 BRO/M (Browse shelf (Opens below)) | Available | 51777 |
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332.024 RAJ/A Art of handling money and investments | 332.028 551 33 PFA/F Financial risk modelling and portfolio optimization with R | 332.0285 TSA/I Introduction to analysis of financial data with R / | 332.041 BRO/M A Macat analysis of Thomas Piketty's "Capital in the twenty-first century" | 332.041 MAC/M A Macat analysis of Karl Marx's Capital | 332.0412 SUM/W Working Capital management. | 332.04150954 BUS Business standard India 2008 |
Thomas Piketty is a fine example of an evaluative thinker. In Capital in the Twenty-First Century, he not only provides detailed and sustained explanations of why he sees existing arguments relating to income and wealth distribution as flawed, but also gives us very detailed evaluations of the significance of a vast amount of data explaining why incomes is distributed in the ways it is.
As Piketty stresses, “the distribution question… deserves to be studied in a systematic and methodical fashion.” This stress on evaluating the significance of data leads him to focus on the central evaluative questions, and look in turn at the acceptability, relevance, and adequacy of existing justifications for the unequal distribution of wealth. In doing so, Piketty applies his understanding of the data to answering the deeply important question of what political structures and what policies are necessary to move us towards a more equal society.
Piketty’s evaluation of the data supports his argument that inequality cannot be depended on to reduce over time: indeed, without government intervention, it is highly likely to increase. In addition, he evaluates international data to argue that poor countries do not necessarily become less poor as a result of foreign investment. This strong emphasis on the interrogation of data, rather than building mathematical models that are divorced from data, is a defining feature of Piketty’s work.
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