Capital Taxation in the Twenty-First Century

About Capital in the Twenty-First Century

* Paris School of Economics, 48 boulevard Jourdan, 75014 Paris, France (e-mail: [email protected]). All statistical series and theoretical models used in this article and in my book are available in an online technical Appendix (http://piketty.pse.ens.fr/capital21c). Updated series are also available on the World Top Incomes Database (WTID) website (http//topincomes.parisschoolofeconomics.eu)....

Critical Remarks on Piketty’s ‘Capital in the Twenty-first Century’

This paper discusses the central macroeconomic claims that are made in Thomas Piketty’s book “Capital in the Twenty-first Century”. The paper aims to show that Piketty’s contentions are not only logically flawed but also contradicted by his own data.

Capital in the Twenty-First Century: A Review Essay

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Capital in the twenty-first century: a critique.

I set out and explain Piketty's model of the dynamics of capitalism based on two equations and the r > g inequality (his central contradiction of capitalism). I then take issue with Piketty's analysis of the rebuilding of inequality from the 1970s to the present on three grounds: First, his model is based on the (neo-classical) assumption that companies are essentially passive actors who invest...

Capital Taxation in the 21 Century