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An Analysis of Thomas Piketty's Capital in the Twenty-First Century (Hardcover)
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An Analysis of Thomas Piketty's Capital in the Twenty-First Century (Hardcover)
Series: The Macat Library
Expected to ship within 12 - 17 working days
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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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