Capital in the Twenty-First Century

Capital in the Twenty-First Century
To put it bluntly, the discipline of economics has yet to get over its childish passion for mathematics.”An examination of modern capitalism through history and political economy lenses, Capital in the Twenty-First Century by Thomas Piketty set off a firestorm of debate when it was first published in 2013. In the years since its publication, a number of follow-up books, including some by Dr. Piketty himself, have explored the foundations and implications of this text’s fundamental thesis — namely, that returns on investments are higher than wages and likely will continue to be.The book can be a bit dense for those who have not studied economics; it scores even lower in the Hawking Index than A Brief History of Time, coming in at 2.4%. It is nearly 600 pages long and covers economic history, an infamously dry subject.However, the book still has the power to help readers understand modern economic and social problems and can provide a course in the history of modern economies. While Dr. Piketty has tempered the positive reception of the book and the theory put forward in it by reminding us of how messy economics can be, it remains a vital tool for understanding the world we live in.

Source: 7 great but notoriously hard-to-finish books – Big Think

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