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Capital in the Twenty-First Century

Thomas Piketty, Arthur Goldhammer · 2 HN comments
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Amazon Summary
A New York Times #1 BestsellerAn Amazon #1 BestsellerA Wall Street Journal #1 BestsellerA USA Today BestsellerA Sunday Times BestsellerWinner of the Financial Times and McKinsey Business Book of the Year AwardWinner of the British Academy MedalFinalist, National Book Critics Circle Award“It seems safe to say that Capital in the Twenty-First Century, the magnum opus of the French economist Thomas Piketty, will be the most important economics book of the year―and maybe of the decade.”―Paul Krugman, New York Times“The book aims to revolutionize the way people think about the economic history of the past two centuries. It may well manage the feat.”―The Economist“Piketty’s Capital in the Twenty-First Century is an intellectual tour de force, a triumph of economic history over the theoretical, mathematical modeling that has come to dominate the economics profession in recent years.”―Steven Pearlstein, Washington Post“Piketty has written an extraordinarily important book…In its scale and sweep it brings us back to the founders of political economy.”―Martin Wolf, Financial Times“A sweeping account of rising inequality…Piketty has written a book that nobody interested in a defining issue of our era can afford to ignore.”―John Cassidy, New Yorker“Stands a fair chance of becoming the most influential work of economics yet published in our young century. It is the most important study of inequality in over fifty years.”―Timothy Shenk, The Nation
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I went down a similar road with curiosity and little prior knowledge.

I'll say some of the best resources I found were macroeconomic textbooks on specific economic subjects.

For example I really enjoyed this one for understanding how the fed and the central banking system works broadly.

https://www.amazon.com/Central-Banking-Sustaining-Financial-...

At a higher level though one of the few non-textbooks I would reccomend is Capital in the 21st Century by Thomas Piketty. It's an introduction and history of many topics and an enjoyable read.

https://www.amazon.com/Capital-Twenty-First-Century-Thomas-P...

I recommend „Capital in the 21st Century“ by Thomas Pikkety, an economist who has deeply studied wealth and income equality using historical data spanning three centuries. This book has all the evidence you need.

https://www.amazon.com/-/de/dp/0674979850

Spoiler alert: income from wealth is on its way of becoming close to being as concentrated as it was in the 19th century (especially in the US), and the share of income from work in total national income is decreasing almost anywhere. So yes, increasingly you can only accrue significant wealth by already having significant wealth.

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