The Economics of Inequality - Thomas Piketty, Arthur Goldhammer
Language: EnglishKeywords: 
Economics
 International Relations
 Philosophy
 Politics
 Sociology
Shared by:XavierOnline
Written by ,
Read by L.J. Ganser
Format: MP3
Thomas Piketty―whose Capital in the Twenty-First Century pushed inequality to the forefront of public debate―wrote The Economics of Inequality as an introduction to the conceptual and factual background necessary for interpreting changes in economic inequality over time. This concise text has established itself as an indispensable guide for students and general readers in France, where it has been regularly updated and revised. Translated by Arthur Goldhammer, The Economics of Inequality now appears in English for the first time.
Piketty begins by explaining how inequality evolves and how economists measure it. In subsequent chapters, he explores variances in income and ownership of capital and the variety of policies used to reduce these gaps. Along the way, with characteristic clarity and precision, he introduces key ideas about the relationship between labor and capital, the effects of different systems of taxation, the distinction between “historical” and “political” time, the impact of education and technological change, the nature of capital markets, the role of unions, and apparent tensions between the pursuit of efficiency and the pursuit of fairness.
Succinct, accessible, and authoritative, this is the ideal place to start for those who want to understand the fundamental issues at the heart of one of the most pressing concerns in contemporary economics and politics.
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| Creation Date: | Wed, 10 Nov 2021 05:39:45 +0100 |
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This post has 12 comments with rating of 5/5
November 10th, 2021
Thank you 👍🏻
November 10th, 2021
Smells like commie propaganda. Is it?
November 10th, 2021
Yeah. A call for compassion, care, equality of opportunity, making the rich pay tax.
Sure smells like commie prop to me.
Mebbe’s a bit on the Christian side as well.
November 10th, 2021
@Maxcool not exactly.
Marx got the problem right: that eventually if the rich take more and more everyone will have less and less until they’re in a modern form of debt peonage. That’s happening in the US and is factually verifiable, which this book speaks to.
But Marx got the solution wrong: communism. Actual communism, not what Americans call communism, not higher taxes or social programs or collective bargaining or more reinvestment, but the communism that involves no one owning anything, even their own bodies.
People are forever thinking that Marx being wrong about the solution must mean he was wrong about the problem. He wasn’t. We can prove the problem, at least in modern America. I’m careful to say America now, Caesar isn’t from America and pointed out that they do not have this problem and he’s right, they have social programs and high levels of reinvestment which are often called communism in America. Even though Caesar is from one of the more capitalistic places in Europe.
You can claim that the solutions proposed in this book are communism if you like, but the facts discussed in it are just that: facts. If you don’t like facts you might be able to suggest they have a different meaning or cause, but claiming those facts are propoganda, without evidence, is a very communist thing to do.
November 10th, 2021
@erouting
There is ZERO chance Maxcool is going to read what you wrote. Or to understand it if he did.
Or, in the virtually null chance of understanding it, of arguing with you in good faith.
Just another troll, armed with a couple of buzzwords and a child’s understanding of the world. But unlike a child, he will never learn.
November 10th, 2021
@tenbenson, a pity. Because not only does that mean he won’t learn anything, it also means I won’t learn anything if he raised any cogent counter argument to my points. Truly regrettable.
November 11th, 2021
@erouting I’ve been thinking about this for years now (I’m almost 35). That the solution given by Marx is the only thing demonized. Never the reasons why he tought that. People say “Socialism and Communism” are bad. Okay, but what about the problem he pointed out? Was he wrong? There’s never any debate about the corrosion that capitalism is causing to our societies at large (Mine especially, I’m from Latin America). And it’s always this vicious circle of trying to have an argument and having always the same answer “Socialism is bad”. It’s hard to have any decent conversation about the “evident” failures of capitalism without being branded as a Communist, even when that’s not the case. Those two things are completely separate. It’s like telling a person, since you voted for Trump you are a racist. This logic don’t hold water.
Let’s just give a moment to think, with open-minds, how the actual system is indeed leading us to a path of no return and how can we fix it with nes solutions instead of only demonizing and labeling people as Communists and Socialists without thinking first.
November 11th, 2021
The most important consideration in reforming & monitoring market systems is the avoidance of the toxic ideologies which were demonstrated to repeatedly fail during the 20th century. Every system will inevitably have flaws, but the avoidance of the most catastrophic “isms” of history is key.
November 11th, 2021
@caesar963 Ideology is the key. You get attached to a “ism” as you say and stop seeing the failures in it. Those should be the hard earned lessons, but they are always forgotten until the next crisis arrives.
November 11th, 2021
Thanks for the book! Great comments as well.
November 12th, 2021
@dave5050j
I know! It makes a change doesn’t it!
January 1st, 2022
Marx hated ideology with a passion. Any ideology. He would of been disgusted by what people claimed to be doing in his name. People who called them self Marxist. He literally said near his death that he wasnt a Marxist (as far as what people think of as marxism). He also wasnt a communist, nor did he think peoples bodies werent there own. He liked the ancient idea of communism, not what people talk about in modern times. But he was never advocating for any sort of ideology, he hated them. He was wrong obviously about thinking the inevitable end result would be communism. So what. He isnt psychic. What does that have anything to do with any of the rest of his brilliant works, which have withstood the tell of time. So people were already abusing his name before he was dead. The manifesto was literally a spec writing job, to make money, that he whipped out in like a week or something with Engels. It didnt really represent him at all. And people change, do you think the same way know that you did in college, as a teen, a kid? No. To think what people do under the name of communism or socialism or marxism as having do with what Marx thought or believed, is just stupidity.
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