"It seems safe to say that Capital in the Twenty-First Century, the magnum opus of the French econom...

1. Capital in the Twenty-First Century — Thomas Piketty
"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. Piketty, arguably the world's leading expert on income and wealth inequality, does more
than document the growing concentration of income in the hands of a small economic elite. He also
makes a powerful case that we're on the way back to 'patrimonial capitalism,' in which the
commanding heights of the economy are dominated not just by wealth, but also by inherited wealth,
in which birth matters more than effort and talent."--Paul Krugman, The New York Times
"An extraordinary sweep of history backed by remarkably detailed data and analysis... Piketty's
economic analysis and historical proofs are breathtaking."--Robert B. Reich, The Guardian
"Piketty's treatment of inequality is perfectly matched to its moment. Like [Paul] Kennedy a
generation ago, Piketty has emerged as a rock star of the policy-intellectual world... But make no
mistake, his work richly deserves all the attention it is receiving... Piketty, in collaboration with
others, has spent more than a decade mining huge quantities of data spanning centuries and many
countries to document, absolutely conclusively, that the share of income and wealth going to those
at the very top--the top 1 percent, .1 percent, and .01 percent of the population--has risen sharply
over the last generation, marking a return to a pattern that prevailed before World War I... Even if
none of Piketty's theories stands up, the establishment of this fact has transformed political
discourse and is a Nobel Prize-worthy contribution. Piketty provides an elegant framework for
making sense of a complex reality. His theorizing is bold and simple and hugely important if correct.
In every area of thought, progress comes from simple abstract paradigms that guide later thinking,
such as Darwin's idea of evolution, Ricardo's notion of comparative advantage, or Keynes's
conception of aggregate demand. Whether or not his idea ultimately proves out, Piketty makes a
major contribution by putting forth a theory of natural economic evolution under capitalism... Piketty
writes in the epic philosophical mode of Keynes, Marx, or Adam Smith... By focusing attention on
what has happened to a fortunate few among us, and by opening up for debate issues around the
long-run functioning of our market system, Capital in the Twenty-First Century has made a
profoundly important contribution."--Lawrence H. Summers, Democracy
"[A] timely, important book."--Joseph E. Stiglitz, The New York Times
"Piketty has come in for a lot of praise for the clarity of his writing, and I think it's deserved. There's
very little math in this book, and it assumes very little prior knowledge of economics. In part, this is
because Piketty is offering something fresh in the discourse: an unimaginably massive data-set that
traces the ebb and flow of wealth and productivity around the globe for three centuries... Piketty
challenges the idea that modernity somehow led to 'merit' asserting itself as the new determinant of
wealth. Instead, he makes a very convincing case that the increasing size of the capital class--which
expanded comfortably during the period of colonial expansion--created a hunger for wealth that
turned the aristocracy on itself in a squabble over who got to loot the colonies, which was World War
I... This is a crisis. The reason for capitalism is that it is supposed to allocate reward based on
'merit'--it is supposed to move capital into the hands of the people who can do the most with it--and
if all our policy decisions are made in service to a class of supermanagers whose wealth comes from
squatting on a fortune managed by some green-eyeshade quants who grow it without its owner ever
doing a notable thing apart from being born to dynasty, there is no more reason for capitalism.

2. Piketty darkly hints that the last time this happened, the world tore itself to pieces, twice, in an orgy
of destruction that left millions dead and whole nations in ruin... It's a rare thing to see economists,
especially pro-capitalist economists, praising taxation itself, but Piketty--careful, unemotional
Piketty--dares... Besides, he says, the thing every red-blooded entrepreneur wants to see is people
getting rich by their wits and deeds, not by the birthright of kings... Piketty wants desperately to
salvage captalism, even if that means proposing something that every capitalist will hate: a global
wealth tax."--Cory Doctorow, Boing Boing
"Riveting... [Picketty] embodies a model of engaged and sophisticated public debate, the sort of
which politicians can only dream... One of Piketty's main messages is that the structures of
inequality societies choose to live with are the results of political choices, not natural or immutable
economic tendencies, and that to pretend otherwise is an 'ideological' fiction... Capital inequality has
dispossessed us of our 'democratic sovereignty,' and that's something we should all really worry
about... His book is as much a story about the limits of modem democratic politics as it is about the
structures of inequality... When Piketty's insights are eventually fused into new histories of economic
and political thinking about global competition from the French Revolution to the present, the
results will be... electrifying, particularly when it comes to revisiting the political and economic ideas
of the global wars of the first half of the twentieth century... [This book] will certainly also shake the
foundations of steps to starting a business many university courses in political philosophy. That is
itself quite a remarkable achievement, and perhaps the sort of achievement that might lead to the
sort of political consciousness-raising Piketty is clearly keen to promote. In that, he really is an heir
to a long-standing tradition of public intellectuals in French academic life since the Revolution."-
-Duncan Kelly, The Times Literary Supplement
"A sweeping account of rising inequality... Eventually, Piketty says, we could see the reemergence of
a world familiar to nineteenth-century Europeans; he cites the novels of Austen and Balzac. In this
'patrimonial society,' a small group of wealthy rentiers lives lavishly on the fruits of its inherited
wealth, and the rest struggle to keep up... The proper role of public intellectuals is to question
accepted dogmas, conceive of new methods of analysis, and expand the terms of public debate.
Capital in the Twenty-first Century does all these things... Piketty has written a book that nobody
interested in a defining issue of our era can afford to ignore."--John Cassidy, The New Yorker
"It is easy to overlook the achievement of Thomas Piketty's new bestseller, Capital in the Twenty-
First Century, as a work of economic history. Debates about the book have largely focused on
inequality. But on any given page, there is data about the total level of private capital and the
percentage of income paid out to labor in England from the 1700s onward, something that would
have been impossible for early researchers... Capital reflects decades of work in collecting national
income data across centuries, countries, and class, done in partnership with academics across the
globe. But beyond its remarkably rich and instructive history, the book's deep and novel
understanding of inequality in the economy has drawn well-deserved attention... [Piketty's]
engagement with the rest of the social sciences also distinguishes him from most economists... The
book is filled with brilliant moments... The book is an attempt to ground the debate over inequality in
strong empirical data, put the question of distribution back into economics, and open the debate not
just to the entirety of the social sciences but to people themselves."--Mike Konczal, Boston Review
"What makes Thomas Piketty's Capital in the Twenty-First Century such a triumph is that it seems to
have been written specifically to demolish the great economic shibboleths of our time... [The book is]
Piketty's magnum opus."--Thomas Frank, Salon
"[A] 700-page punch in the plutocracy's pampered gut... It's been half a century since a book of
economic history broke out of its academic silo with such fireworks."--Giles Whittell, The Times

3. "Thomas Piketty of the Paris School of Economics has done the definitive comparative historical
research on income inequality in his Capital in the Twenty-First Century."--Paul Starr, The New York
Review of Books
"Bracing... Piketty provides a fresh and sweeping analysis of the world's economic history that puts
into question many of our core beliefs about the organization of market economies. His most
startling news is that the belief that inequality will eventually stabilize and subside how do you start
a business on its own, a long-held tenet of free market capitalism, is wrong. Rather, the economic
forces concentrating more and more wealth into the hands of the fortunate few are almost sure to
prevail for a very long time."--Eduardo Porter, The New York Times
"Thomas Piketty's Capital in the Twenty-First Century is a monumental book that will influence
economic analysis (and perhaps policymaking) in the years to come. In the way it is written and the
importance of the questions it asks, it is a book the classic authors of economics could have written
if they lived today and had access to the vast empirical material Piketty and his colleagues
collected... In a short review, it is impossible to do even partial justice to the wealth of information,
data, analysis, and discussion contained in this book of almost 700 pages. Piketty has returned
economics to the classical roots where it seeks to understand the 'laws of motion' of capitalism. He
has re-emphasized the distinction between 'unearned' and 'earned' income that had been tucked
away for so long under misleading terminologies of 'human capital,' 'economic agents,' and 'factors
of production.' Labor and capital--those who have to work for a living and those who live from
property--people in flesh--are squarely back in economics via this great book."--Branko Milanovic,
The American Prospect
"Monumental... [Piketty] documents a sharp increase in such inequality over the last 25 years, not
only in the United States, but also in Canada, Britain, Australia, New Zealand, China, India,
Indonesia and South Africa, with people with the highest incomes far outstripping the rest of society.
The book is impressive in its wealth of information."--Robert J. Shiller, The New York Times
"Piketty's book bespeaks the palpable upset that American society, indeed, the world's societies,
seems increasingly rigged; that inequality is worsening and darkening the future. Capital in the
Twenty-First Century might be more aptly titled Inequality in the Twenty-First Century... Piketty is
relentless in his indictment of inequality... Piketty assembles a mountain of numbers and tables to
demonstrate that economic inequality is intensifying; that the wealthier are wealthier; and that the
rich own more... Piketty hits bullseye after bullseye about the exacerbating inequalities that
disfigure society--especially American society... For [those] who suffer from the relentless blather
about why the minimum wage cannot be raised; why 'job creators' cannot be taxed; and why
American society remains the most open in the world, Piketty is what the doctor ordered."--Russell
Jacoby, The New Republic
"Instantly influential... [Its] euphoric reception is richly merited... [Piketty's] chief intellectual
accomplishment is to show how the basic forces of capitalism tend inevitably toward an ever-greater
accumulation of wealth at the tip of the pyramid... Over the past couple decades, we have started to
realize that capitalism is no longer delivering for the vast majority of people in most Western
democracies. The middle class is being hollowed out, even as fortunes continue to grow at the very
top. Piketty has now delivered the most empirically grounded, intellectually coherent explanation of
what is going on... His masterwork... That's why the most successful societies of the 21st century
will be the ones whose plutocrats read Piketty and help come up with the political answers to the
economic forces he so powerfully describes. Piketty shows that the economics of the postwar era-
-when the West enjoyed strong, widely-shared growth--was a historical exception. For our Western
democracies, it was also a political necessity. Capitalism is facing an existential challenge; smart

4. plutocrats will be part of the solution."--Chrystia Freeland, Politico
"Thomas Piketty's Capital in the 21st Century is the most important economics book of the year, if
not the decade... Capital in the 21st Century essentially takes the existing debate on income
inequality and supercharges it. It does so by asserting that in the long run the economic inequality
that matters won't be the gap between people who earn high salaries and those who earn low ones,
it will be the gap between people who inherit large sums of money and those who don't."--Matthew
Yglesias, Vox
"[A] magnificent, sweeping meditation on inequality... The big idea of Capital in the Twenty-First
Century is that we haven't just gone back to nineteenth-century levels of income inequality, we're
also on a path back to 'patrimonial capitalism,' in which the commanding heights of the economy are
controlled not by talented individuals but by family dynasties... Piketty has written a truly superb
book. It's a work that melds grand historical sweep--when was the last time you heard an economist
invoke Jane Austen and Balzac?--with painstaking data analysis... A tour de force of economic
modeling, an approach that integrates the analysis of economic growth with that of the distribution
of income and wealth. This is a book that will change both the way we think about society and the
way we do economics... Capital in the Twenty-First Century is, as I hope I've made clear, an
awesome work. At a time when the concentration of wealth and income in the hands of a few has
resurfaced as a central political issue, Piketty doesn't just offer invaluable documentation of what is
happening, with unmatched historical depth. He also offers what amounts to a unified field theory of
inequality, one that integrates economic growth, the distribution of income between capital and
labor, and the distribution of wealth and income among individuals into a single frame... Capital in
the Twenty-First Century makes it clear that public policy can make an enormous difference, that
even if the underlying economic conditions point toward extreme inequality, what Piketty calls 'a
drift toward oligarchy' can be halted and even reversed if the body politic so chooses... His
masterwork... Sometimes it seems as if a substantial part of our political class is actively working to
restore Piketty's patrimonial capitalism. And if you look at the sources of political donations, many of
which come from wealthy families, this possibility is a lot less outlandish than it might seem... [A]
masterly diagnosis of where we are and where we're heading... Capital in the Twenty-First Century
is an extremely important book on all fronts. Piketty has transformed our economic discourse; we'll
never talk about wealth and inequality the same way we used to."--Paul Krugman, The New York
Review of Books
"Reading Thomas Piketty's famous book, Capital in the Twenty-First Century, after all the fuss about
it, is a bit of a shock. It's both much more radical and much less radical than its reputation... I was
anticipating a left-wing rant, but Piketty's tone is modest and polite--not at all what you expect from
a rock-star French intellectual... Piketty and his book remind me of my favorite economist, the 19th-
century American Henry George, and his best-selling book, Progress and Poverty (1879). Both men's
books offer a comprehensive explanation of the world, in particular the problem of poverty. Both
men acknowledge the importance of market incentives and entrepreneurship and the evils of
protectionism and all of that good conservative stuff, even as they rail against the plutocrats. Both
think we can end or reduce inequality without giving up the benefits of capitalism. And both see the
answer in a new tax on capital... This is beginning to sound sort of reasonable, both in its demands
on people at the top and its generosity to those on the bottom."--Michael Kinsley, Vanity Fair
"Groundbreaking...The usefulness of economics is determined by the quality of data at our disposal.
Piketty's new volume offers a fresh perspective and a wealth of newly compiled data that will go a
long way in helping us understand how capitalism actually works."--Christopher Matthews,
Fortune.com

5. "French economist Thomas Piketty has written an extraordinarily important book. Open-minded
readers will surely find themselves unable to ignore the evidence and arguments he has brought to
bear... In its scale and sweep it brings us back to the founders of political economy... The result is a
work of vast historical scope, grounded in exhaustive fact-based research, and suffused with literary
references. It is both normative and political. Piketty rejects theorizing ungrounded in data... The
book is built on a 15-year program of empirical research conducted in conjunction with other
scholars. Its result is a transformation of what we know about the evolution of income and wealth
(which he calls capital) over the past three centuries in leading high-income countries. That makes it
an enthralling economic, social and political history."--Martin Wolf, Financial Times
"About as close to a blockbuster as there is in the world of economic literature--easily the most
discussed book of its genre in years. The central premise is provocative and profoundly bleak...
Piketty challenges one of the underpinnings of modern democracies--namely, that growth and
productivity make each generation better off than the previous one."--Barrie McKenna, The Globe
and Mail
"Piketty has unearthed the history of income distribution for at least the past hundred years in every
major capitalist nation. It makes for fascinating, grim and alarming reading... Piketty's book provides
a valuable explanatory context for America's economic woes... Piketty gives us the most important
work of economics since John Maynard Keynes's General Theory."--Harold Meyerson, The
Washington Post
"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... Although the contours of
Piketty's history confirm what economic historians already know, his anatomizing of the 1 percent's
fortunes over centuries is a revelation. When joined to his magisterial command of the source
material and his gift for synthesis, they disclose a history not of steady economic expansion but of
stops and starts, with room for sudden departures from seemingly unbreakable patterns. In turn, he
links this history to economic theory, demonstrating that there is no inherent drive in markets
toward income equality. It's quite the opposite, in fact."--Timothy Shenk, The Nation
"Magnificent... Even though it is a work more concerned with the past 200 years, it's no coincidence
that the full title of Piketty's book is Capital in the Twenty-First Century. Its ambition is to shape
debates about the next two centuries, not the past two. And in that it may succeed."--Christopher
Croke, The Australian
"[Piketty] is just about to emerge as the most important thinker of his generation... He makes his
case in a clear and rigorous manner that debunks everything that capitalists believe about the
ethical status of making money... He demonstrates that there is no reason to believe that capitalism
can ever solve the problem of inequality, which he insists is getting worse rather than better. From
the banking crisis of 2008 to the Occupy movement of 2011, this much has been intuited by ordinary
people. The singular significance of his book is that it proves 'scientifically' that this intuition is
correct. This is why his book has crossed over into the mainstream--it says what many people have
already been thinking... Unlike many economists he insists that economic thinking cannot be
separated from history or politics... As poverty increases across the globe, everyone is being forced
to listen to Piketty with great attention. But although his diagnosis is accurate and compelling, it is
hard, almost impossible, to imagine that the cure he proposes--tax and more tax--will ever be
implemented in a world where, from Beijing to Moscow to Washington, money, and those who have
more of it than anyone else, still calls the shots."--Andrew Hussey, The Observer
"Piketty has won interest and enthusiasm on the left of the political spectrum...for this ambitious

6. work. It is not, however, a politically sectarian argument; perhaps that explains why it has become a
surprise bestseller. The strength of his thesis is that it is founded on evidence rather than ideology.
Piketty has researched data over more than a century in order to derive his understanding of the
dynamics of modern capitalism. He is able to point convincingly to a recent reversal of historical
trends, so that the share of national income taken by the owners of capital has expanded over the
past generation... What Piketty has done is provide a strong factual understanding for how modern
capitalist economies diverge from the image of risk-taking and productive commercial activity. At
the very least, the book effectively debunks the notion that there is an economic imperative for low
tax rates and a smaller state."--Oliver Kamm, The Times
"Magisterial... Piketty's Capital feels very much like a Category 4 hurricane that hasn't yet made
landfall... Piketty draws on a vast store of historical data to argue that the broad dissemination of
wealth that occurred during the decades following World War I was not, as economists then
mistakenly believed, a natural state of capitalist equilibrium, but rather a halcyon interval between
Belle Époque inequality and the rising inequality of our own era... Piketty's most provocative
argument is that the discrepancy between the high returns to capital and much more modest overall
economic growth--briefly annulled during the mid-century--ensures that the gulf between the rich
(who profit from capital investments) and the middle class (who depend chiefly on income from
labor) will only continue to grow... The best reason to raise tax rates is not to punish the rich, of
course, but to raise the revenue which the United States needs to invest in infrastructure and
research, not to mention to pay for Social Security and health care. That investment gap poses a
clear and present danger to American global economic leadership. Rising inequality exacerbates the
problem by sapping the collective political will needed to address the problem."--James Traub,
Foreign Policy online
"Defies left and right orthodoxy by arguing that worsening inequality is an inevitable outcome of free
market capitalism... [It] suggests that traditional liberal government policies on spending, taxation
and regulation will fail to diminish inequality... Without what [Piketty] acknowledges is a politically
unrealistic global wealth tax, he sees the United States and the developed world on a path toward a
degree of inequality that will reach levels likely to cause severe social disruption. Final judgment on
Piketty's work will come with time--a problem in and of itself, because if he is right, inequality will
worsen, making it all the more difficult to take preemptive action."--Thomas B. Edsall, The New York
Times
"This is a serious book... Piketty's main point, and his new and powerful contribution to an old topic:
as long as the rate of return exceeds the rate of growth, the income and wealth of the rich will grow
faster than the typical income from work. (There seems to be no offsetting tendency for the
aggregate share of capital to shrink; the tendency may be slightly in the opposite direction.) This
interpretation of the observed trend toward increasing inequality, and especially the phenomenon of
the 1 percent, is not rooted in any failure of economic institutions; it rests primarily on the ability of
the economy to absorb increasing amounts of capital without a substantial fall in the rate of return.
This may be good news for the economy as a whole, but it is not good news for equity within the
economy... There is yet another, also rather dark, implication of this account of underlying trends. If
already existing agglomerations of wealth tend to grow faster than incomes from work, it is likely
that the role of inherited wealth in society will increase relative to that of recently earned and
therefore more merit-based fortunes... The arithmetic suggests that the concentration of wealth and
its ability to grow will favor an increasing weight of inheritance as compared with talent... If the
ownership of wealth in fact becomes even more concentrated during the rest of the twenty-first
century, the outlook is pretty bleak unless you have a taste for oligarchy... Wouldn't it be interesting
if the United States were to become the land of the free, the home of the brave, and the last refuge
of increasing inequality at the top (and perhaps also at the bottom)? Would that work for you?"-

7. -Robert Solow, The New Republic
"The blockbuster economics book of the season, Thomas Piketty's Capital in the Twenty-First
Century, argues that the great equalizing decades following World War II, which brought on the rise
of the middle class in the United States, were but a historical anomaly. Armed with centuries of data,
Piketty says the rich are going to continue to gobble up a greater share of income, and our current
system will do nothing to reverse that trend."--Shaila Dewan, The New York Times Magazine
"Anyone remotely interested in economics needs to read Thomas Piketty's Capital in the 21st
Century."--Matthew Yglesias, Slate
"In its magisterial sweep and ambition, Piketty's latest work, Capital in the Twenty-First Century, is
clearly modeled after Marx's Das Kapital. But where Marx's research was spotty, Piketty's is
prodigious. And where Marx foresaw capitalism's collapse leading to a utopian proletariat paradise,
Piketty sees a future of slow growth and Gilded Age disparities in which the wealthy--owners of
capital--capture a steadily larger share of global wealth and income... 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. Piketty offers a timely and well-reasoned reminder that there is nothing inevitable about the
dominance of human capital over financial capital, and that there is inherent in the dynamics of
capitalism a natural and destabilizing tendency toward inequality of income, wealth and
opportunity."--Steven Pearlstein, The Washington Post
"Though an heir to Tocqueville's tradition of analytic history, Thomas Piketty has a message that
could not be more different: Unless we act, inequality will grow much worse, eventually making a
mockery of our democratic institutions. With wealth more and more concentrated, countries racing
to cut taxes on capital, and inheritance coming to rival entrepreneurship as a source of riches, a new
patrimonial elite may prove as inevitable as Tocqueville once believed democratic equality was. This
forecast is based not on speculation but on facts assembled through prodigious research... Private
wealth has reached new highs relative to national income and is approaching levels of concentration
not seen since before 1929... Piketty is rightly pessimistic about an immediate response. The
influence of the wealthy on democratic politics and on how we think about merit and reward
presents formidable obstacles... Perhaps with this magisterial book, the troubling realities Piketty
unearths will become more visible and the rationalizations of the privileged that sustain them less
dominant. Like Tocqueville, Piketty has given us a new image of ourselves. This time, it's one we
should resist, not welcome."--Jacob S. Hacker and Paul Pierson, The American Prospect
"The book aims to revolutionize the way people think about the economic history of the past two
centuries. It may well manage the feat... It is, first and foremost, a very detailed look at 200 years'
worth of data on the distribution of income and wealth across the rich world (with some figures for
large emerging markets also included). This mountain of data allows Piketty to tell a simple and
compelling story... The database on which the book is built is formidable, and it is difficult to dispute
his call for a new perspective on the modern economic era, whether or not one agrees with his policy
recommendations... We are all used to sneering at communism because of its manifest failure to
deliver the sustained rates of growth managed by market economies. But Marx's original critique of
capitalism was not that it made for lousy growth rates. It was that a rising concentration of wealth
couldn't be sustained politically. Ultimately, those of us who would like to preserve the market
system need to grapple with that sort of dynamic, in the context of the worrying numbers on
inequality that Piketty presents."--The Economist
"Piketty's book is revolutionary. It rewrites the mission of economics, discarding claims that the

8. discipline is a super-science of human behavior or public policy. Piketty wants to return his field to
what the 19th century called 'political economy': a discipline about power, justice, and--also, but not
first--wealth... [Piketty spoils] the longstanding conventional wisdom, supported by economics Nobel
winners like Friedrich Hayek and Milton Friedman, plus lots of less controversial characters, that
capitalism is democracy's best friend... It shows a world getting radically more unequal, the return
of hereditary wealth, and--at least in the U.S.--an economy so distorted that much of what happens at
the very top can be fairly described as class-based looting. And he gives some fairly strong reasons
to suspect that this, not the relatively open and egalitarian economies of the mid-20th century, is
what capitalism looks like... Reading it is like talking to a smart person who knows you're smart and
knows, too, that you're not an economist... We've been spun a story: mainstream economics for the
last 60-odd years has succored a complacent folk tale, albeit with lots of mathematical sophistication
tacked on. Except for some discernible 'market failures,' it told us that all was for the best in this
best of worlds. What you earn must be what you are contributing; otherwise, the market would step
in to restore efficiency... Piketty reveals that these just-so stories have veiled urgent and
inflammatory problems: capitalism produces self-accelerating inequality that corrupts both politics
and culture and splits society into privileged rent collectors and everyone else, who must choose
either to get halfway rich ministering to capital or to stay on the low end of the pole doing the
humanly necessary work of teaching, nursing, keeping the utility wires humming, and so forth.
Piketty's multi-century portrait of wealth and income obliterates economists' complacent
narratives... Yet the period of shared growth in the mid-20th century was not just the low cost
business ideas aftermath of war and depression. It was also the apex of organized labor's power in
Europe and North America, the fruit of many decades of organizing, not a little of it bloody, not a
little under the flag of democratic socialism. Various crises cleared the ground, but the demands of
labor, and an organized left more generally, were integral to building the comparatively egalitarian,
high-wage world that came after the wars, with its strong public sector, self-assertive workers, and
halfway tamed capital. There's a lesson we can learn here about what we might do to combat
inequality, and how... Piketty shows that capitalism's attractive moral claims--that it can make
everyone better off while respecting their freedom--deserve much less respect under our
increasingly 'pure" markets than in the mixed economies that dominated the North Atlantic
countries in the mid-20th century... We are still seeking an economy that is both vibrant and
humane, where mutual advantage is real and mutual aid possible. The one we have isn't it."-
-Jedediah Purdy, The Los Angeles Review of Books
"Piketty has shown that we are living in a Second Gilded Age... It is too early to expect actual public
policies to emerge from his insights. But the significance of his contribution is already apparent in
the breadth of his vision. Nestled under the book's mass of data, elegant mathematical formulae, and
literary references is an insistence that the turmoil of capitalism is a human turmoil, within the
control of human beings. Piketty's book is a call to citizenship, not as a series of fatalistic poses, but
as a political responsibility. That spirit of engagement is more radical, at this moment in history,
than any other proposal."--Stephen Marche, The Los Angeles Review of Books
"The most remarkable work of economics in recent years, if not decades... [It] has caused an
intellectual sensation on both sides of the Atlantic... His range is immense. And his open, fluent style
will guarantee him a wide readership. In contrast to much of what passes for orthodox economics,
he is engaged with the problems of the real world... The discipline of economics, Piketty argues,
remains trapped in a juvenile passion for mathematics, divorced from history and its sister social
sciences. His work aims to change that."--Nick Pearce, New Statesman
"A landmark book...which brings a ton of data to bear in reaching the commonsensical conclusion
that inequality has to do with more than just blind market forces at work."--George Packer, The New
Yorker blog

9. "[Piketty] is now the most talked-about economist on the planet... Capital is rooted not in theoretical
abstractions so much as archaeology. The book analyzes hundreds of years of tax records from
France, the U.K., the U.S., Germany and Japan to prove a simple idea: The rich really are getting
richer. And their wealth doesn't trickle down. It trickles up... The stark historical consequences of
unchecked inequality are at the heart of Capital."--Rana Foroohar, Time
"Magisterial... Piketty provides a sweeping, data-driven narrative about inequality trends in the
United States and other Western economies over the past century or more, identifies a worrisome
increase in income and wealth concentration in a small percentage of the population since 1980, and
warns that this trend won't likely correct itself... Piketty is not optimistic that the forces of greater
income and wealth inequality will abate on their own, but he is not an economic determinist. The
problem, however, is that countering those forces requires public policies and institutions more like
those of the era of shared prosperity than those of today."--Chad Stone, U.S. News & World Report
"Piketty's new book is an important contribution to understanding what we need to do to produce
more growth, wider economic opportunity and greater social stability."--David Cay Johnston, Al-
Jazeera America
"The book has made everyone with a stake in capitalism sit up and take notice... [Piketty's] analysis
should challenge Americans to rethink our notions of wealth and poverty and whether any
semblance of 'equal opportunity' actually exists... Piketty has made an important contribution. His
book prompts the discerning person to evaluate anew the human and social costs of capitalism. The
creative thinking of citizens is now required to combat the ills he has diagnosed."--America
"Capital in the Twenty-First Century is written in the tradition of great economic texts... Piketty and
his colleagues have spent recent years putting together a World Top Incomes Database, their
detailed investigation into income in countries around the globe, spanning several decades...
Informed by this historical, cross-country data, Piketty evaluates--and rejects--a number of generally
accepted conclusions in economic thought, while being careful to note the limitations of inevitably
'imperfect and incomplete' sources. The main finding of his investigation is that capital still
matters... This book is significant for its findings, as well as for how Piketty arrives at them. It's easy-
-and fun--to argue about ideas. It is much more difficult to argue about facts. Facts are what Piketty
gives us, while pressing the reader to engage in the journey of sorting through their implications."-
-Heather Boushey, The American Prospect
"How does a rigorous, seven-hundred page economic history become a lionized hit? Through the
canny voice of professor Thomas Piketty, and his demystification of inherited wealth, Karl Marx's
true legacy, and what we mean when we talk about monetary 'growth' and 'inequality.'"--Barnes &
Noble Review
"When it comes to economics...you need to get yourself a hold of Capital in the Twenty-First Century
by Thomas Piketty... Piketty's study will have readers plotting capital's downfall because what it
shows is that the growing inequalities we are seeing between the haves and have nots are endemic
to the system. Piketty has been hailed by many on the right as well as the left, for writing a highly
significant book. Its strength rests on the fact that he has worked the sources in a way few
economists have, analyzing actual data on earnings over decades to come up with some startling
conclusions. We are entering a new age of capital, he argues; a time, similar to the early 19th
century, when many will live off their money without the need for work. Meanwhile, those without
capital will always struggle to keep ahead of debts."--Thomas Quinn, Big Issue
"Piketty, whose previous work we are indebted to for providing statistical verification that the top 1

10. percent of the population possesses a outsize percentage of wealth, has written a magisterial book
about the ever-increasing inequality. A comprehensive overview of Capital's abundance of historical
and analytical data would be impossible here... Piketty's genius lies in proving that inequality is
growing and potentially threatens widespread political instability... Piketty has written a trenchant
critique of our current economic system."--Michael Washburn, The Boston Globe
"Piketty's magnum opus... But unlike many other authors of tracts from the 'dismal science,' this
distinguished French economist has rendered an eminently readable account of the history and
dynamics of capitalism and inequality... A lucid tale of why inequality in the world is increasing, and
what we should be doing about it. The right leaning crowd may be dismayed with his prescriptions of
stiff global wealth taxes, but neither leftists nor rightists can dispute the data that he presents...
According to Piketty, the only real corrective to capital's concentration is a global capital tax
(because it is freely globally mobile), and a stiff inheritance tax. This is controversial, but what is not
disputed is that inequality in income and wealth within each country has gotten much worse in the
past three decades. The question is what do we do about it. For starters, we should read this
excellent book."--Ajit Ranade, Business Today
"Intellectually hefty... Piketty has already engendered vigorous argument. Capital is an arduous
climb, but the subject is equally weighty, and it demands our best analyses, proposals and dialogues.
Capital is an essential volume in the conversation."--Earl Pike, The Cleveland Plain Dealer
"An important book...which paints a compelling, and scary, picture of the deep forces driving toward
ever greater inequality in the modern world. Piketty's historical focus adds power to his analysis of
the trend toward greater financial inequality today."--Charles R. Morris, Commonweal
"Piketty has looked at centuries of tax archives to formulate a theory of capitalism that is evidence-
based and rigorously researched, but also attempts to answer the most basic questions in economic
theory. His paradigm-shifting thesis is, at its most basic, that late-stage capitalist economies foster
inequality and create an ever-widening gap between rich and poor. These ideas feel intuitive and
elegant, and Piketty's emphasis on data-based analysis lend even his most ambitious claims great
credibility. Capital in the Twenty-First Century is already being hailed as a seminal work of
economic thought, and with very good reason."--Thomas Flynn, The Daily Beast
"Seven hundred pages on the evolution of inequality in economically advanced societies by the most
fashionable new theorist to emerge for a long time. Many have been waiting for such a
comprehensive critique of capitalism."--David Sexton, The Evening Standard
"This important and fascinating book surely ranks among the most influential economic analysis of
recent decades. Much of the debate over inequality in recent years is the result of the work of
Thomas Piketty and his fellow researchers... This book contains important lessons for economists. It
is a (perhaps unwelcome) reminder that what they measure reflects political choices. It cautions
them to be wary of viewing recent decades as some sort of 'steady state'; the evolution of post-World
War II incomes and wealth reflect the unwinding of earlier events, and the point is more general.
And it reminds them of the rhetorical and explanatory power of simple comparisons of facts, once
collected and arranged, relative to complex statistics and models."--Andrew Berg, Finance &
Development
"Over the last decade or so, economist Thomas Piketty has made his name central to serious
discussions of inequality... Piketty expands upon his empirical work of the last 10 years, while also
setting forth a political theory of inequality. This last element of the book gives special attention to
tax policy and makes some provocative suggestions--new and higher taxes on the very rich."--Joseph

11. Thorndike, Forbes
"The most eagerly anticipated book on economics in many years."--Toby Sanger, The Globe and Mail
"A book of such magisterial sweep... Piketty deserves huge credit for kickstarting a debate about
inequality and illuminating the distribution of income and wealth."--Stephanie Flanders, The
Guardian
"Many of the book's 700 pages are spent marshaling the evidence that 21st-century capitalism is on
a one-way journey towards inequality--unless we do something. If Piketty is right, there are big
political implications, and the beauty of the book is that he never refrains from drawing them... The
book's terms and explanations are utterly simple; with a myriad of historical data, Piketty reduces
the story of capitalism to a clear narrative arc. To challenge his argument you have to reject the
premises of it, not the working out... Is Piketty the new Karl Marx? Anybody who has read the latter
will know he is not... Piketty has, more accurately, placed an unexploded bomb within mainstream,
classical economics... The power of Piketty's work is that it also challenges the narrative of the
center-left under globalization, which believed upskilling the workforce, combined with mild
redistribution, would promote social justice. This, Piketty demonstrates, is mistaken. All that social
democracy and liberalism can produce, with their current policies, is the oligarch's yacht co-existing
with the food bank forever. Piketty's Capital, unlike Marx's Capital, contains solutions possible on
the terrain of capitalism itself."--Paul Mason, The Guardian
"Piketty solidifies and gives an intellectual edge to the view that something is wrong here, and
something new and bold and radical has got to be done... People like me, and others, are certainly
excited by the prospect of where Piketty might take us."--Len McCluskey, The Guardian
"The big questions that concerned Mill, Marx and Smith are now rearing their heads afresh...
Thomas Piketty--who spent long years, during which the mainstream neglected inequality, mapping
the distribution of income--is making waves with Capital in the Twenty-First Century. Nodding at
Marx, that title helps explain the attention, but his decidedly classical emphasis on historical
dynamics in determining who gets what resonates in a world where an increasing proportion of
citizens are feeling fleeced by the elite."--The Guardian
"[Capital in the Twenty-First Century] has jolted the right, who are scrabbling around for an answer
to its main message: rising inequality is killing capitalism... It is a big book in every sense of the
word, using empirical evidence from 30 countries to describe how capitalism has evolved over the
past 300 years and is now reverting to what Piketty calls the Downton Abbey world of a century ago.
Where much modern writing about economics is cloaked in impenetrable jargon, Piketty is not afraid
to draw on literature and popular culture to make his points... Piketty's book seems to explain the
brutal world of the Great Recession and its aftermath rather better than trickle-down economics... It
is rare for economics books to fly off the shelves. Once in every generation, usually when the world
has started to recover after a serious recession, there is a search for answers. Will Hutton's The
State We're In was the must-buy book two decades ago just as Piketty's is today."--The Guardian
blog
"The impact of the book will be [deep] and long lasting... Piketty has elevated many issues to a
higher level by making the study of inequality as one of political economy embedded in history, data
and configuration of socio-political groups... This book has all the makings of a classic. It has already
changed the way economists think about inequality. One hopes that these ideas will percolate into
the chambers of policy-makers in governments and lending institutions and bring about changes in
their policies to reduce inequality."--K. Subramanian, The Hindu

12. "Piketty sets out to tell a high-level history of the global economy and to outline a fresh theory of
where we are heading. It's the sort of grand intellectual enterprise that was common in the 19th
century, but has become a rarity in our era of more specialized scholarship... Piketty says he wants
the book to be widely read and his ideas debated. He has succeeded. Questions of economic theory
have now reached an uncommonly large audience. One could, of course, fill a book twice the size
with the reviews and the commentary Capital has prompted. But there is a better way into the
debate than consuming the Piketty media phenomenon: spend a little valuable capital and read the
original yourself."--Ben Chu, The Independent
"Piketty's ground-breaking work on the historical evolution of income distribution is impressive, but
he covers many other areas, including the erosion of meritocracy by inherited wealth, public debt,
education, health and taxation. He also proposes challenging ideas for funding the social state in the
21st century... Capital in the Twenty-First Century will be embraced by progressives and rejected by
conservatives wary of change. But, if those conservatives who support a meritocracy are convinced,
it could be a catalyst for reform. This book is challenging, but one of the best economic books in
decades."--Paul Sweeney, The Irish Times
"In the 19th century, tsarist censors banned John Stuart Mill's On Liberty while letting through Karl
Marx's Das Kapital. Mill's message was so lucidly expressed that it posed an obvious and immediate
threat to the regime; Marx's prose was clotted and convoluted and his economics littered with
leftovers from his youthful enthusiasm for Hegel. Thomas Piketty's Capital in the Twenty-First
Century shares its title with Marx's work but its argumentative verve with Mill's, and it has been a
runaway bestseller in the United States. In spite of the efforts of conservative American economists
to persuade their readers that anyone who raises questions about inequalities of income and wealth
must be a Marxist, Piketty has no time whatsoever for Marx. Piketty's economics is 'data driven,'
while Marx was short of useful data, did not make good use of what data he had and generalized
wildly from a few exceptional cases of capital-intensive industries... The book is a terrific
achievement."--Alan Ryan, Literary Review
"One of the strengths of Piketty's book is the depth and rigor of his historical analysis. Yet it is
changes taking place now that make his concerns especially urgent... Piketty's is a potentially
apocalyptic view of the future. On that at least, we'd better hope he's wrong."--Andrew Neather, The
London Evening Standard
"This is a truly path-breaking book offering a hard-hitting and well-founded critique of capitalism in
the twenty-first century. Piketty is concerned with the dynamics of income and wealth since the
eighteenth century to draw lessons for the century ahead. The book has an admirably wide scope,
offering systematic comparisons not only across advanced and emerging economies, but also across
modern history... It is an exceptionally well-researched book. His sources are well documented.
Piketty's overall analysis and conclusions cannot be waved away by those who feel threatened by the
book's analysis and policy recommendations... In addition to uncovering [some] fundamental
contradictions of capitalism and documenting the ensuing inequality in great detail, Piketty's book
contains a large number of less central, but nevertheless very arresting insights and findings... Very
importantly, Piketty goes beyond uncovering the dynamics of capitalism and the ensuing inequalities
and goes on to suggest policy measures to arrest/reverse them. These are not merely an
afterthought but form a significant and well-reasoned part of the book... Piketty shows himself to be
not only a supereconomist but also a skilled politician. No wonder his thoughts have resonated even
at the highest political levels. One can only hope that his work will actually influence adoption of his
policy recommendations."--Christel Lane, LSE Review of Books
"The enthusiastic reception in the United States of Piketty's rigorous Capital in the Twenty-First

13. Century, which answers the empirical spirit of the age with a welcome rush of statistics, may be a
promising sign of renewal in the otherwise sedate intellectual pastures of the continent. To have
made the word 'redistribution' utterable again by mainstream economists is already a considerable
achievement. Having offered an unignorable account of the history of inequality in capitalist
democracies, Piketty believes he has identified a Band-Aid of sufficient swath--a European tax on
wealth and a parliamentary chamber charged with regulating finance in the euro zone--to cover
Europe's wounds."--Thomas Meaney and Yascha Mounk, The Nation
"Not since John Rawls's A Theory of Justice in 1971 has a work of political theory been as
rapturously received on the left as Thomas Piketty's Capital in the 21st Century... In this supposedly
superficial and anti-intellectual age, his 690-page treatise on inequality, rich in empirical research,
has resonated because it speaks to one of the central anxieties of our time: that society is becoming
ever more fragmented as the very rich pull away from the rest. As Piketty elegantly demonstrates, as
long as the rate of return on what he calls capital continues to exceed the growth rate of the
economy (as it has done since the 1970s), inequality will widen to levels unknown since the Victorian
era."--New Statesman
"Piketty, a prominent economist, explains the tendency in mature societies for wealth to concentrate
in a few hands."--Amy Merrick, The New Yorker
"[Piketty's] thesis is simple. The growing concentration of capital in fewer hands has enabled its
owners to keep it relatively scarce and thus valuable... Continuing high inequality is socially and
economically destabilizing, though it need not lead to Marx's apocalypse. So what we need is
another bout of social democracy especially in the form of progressive taxation. You many think that
it doesn't require 600 pages to get this message across. This would be wrong. The strength of
Piketty's book is his close attention to the different sources of inequality, the massive documentation
underpinning his history and conclusions, and his impressive culls from sociology and literature,
which exhibit the richness of 'political economy' compared to its thin mathematical successor that
has attained such prominence... Piketty's book is a timely intervention in the current debate about
inequality and its causes."--Robert Skidelsky, Prospect Magazine
"Thomas Piketty...has written a 700 page book on inequality which has achieved something few
would have thought possible. He has rocked the neo-liberal economic establishment to its
foundations. To read the tidal wave of reviews by economics professors and others across the world
is to get a sense of the impact that Piketty's conclusions are having: that inequality is even more
extreme than most experts thought, is worse than at any time since the 19th century and is set to
reach nightmare proportions in the years ahead. Even some of the most ideologically blinkered of
free market economists, having read this book, now openly admit that Professor Piketty has laid
down a challenge which they dare not ignore and which could change the political environment."-
-John Palmer, Red Pepper
"Drawing on hundreds of years of economic data (some of which has only recently become available
to researchers) Piketty reaches a simple but disturbing conclusion: In the long run, the return on
capital tends to be greater than the growth rate of the economies in which that capital is located.
What this means is that in a modern market economy the increasing concentration of wealth in the
hands of the already-rich is as natural as water flowing downhill, and can only be ameliorated by
powerful political intervention, in the form of wealth redistribution via taxes, and to a lesser extent
laws that systematically protect labor from capital... Readers can already guess the dire conclusion
that flows from combining Piketty's theory with the plausible assumption that unregulated wealth
leads to plutocracy: If the only way to avoid plutocracy would be to employ political processes that
the plutocrats themselves will eventually buy lock, stock and barrel, then the only way to avoid being

14. ruled by the Lords of Capital is to become one of them."--Paul Campos, Salon
"[Piketty] has been perhaps the most important thinker on inequality of the past decade or so... With
his book, he's handed liberals a coherent framework that justifies the discomfort that they probably
already felt about the wealth gap... Capital will change the political conversation in a more subtle
way as well, by focusing it on wealth, not income... Whether or not Piketty's grand unified theory is
exactly correct, he's moving the popular conversation in the right direction."--Jordan how do you
start a business Weissmann, Slate
"There are books that you read and there are books that hit the nail on the head so hard that you
want to get your teeth into them. Thomas Piketty's Capital in the Twenty-First Century...clearly
belongs to the second category."--Perry Lam, The South China Morning Post
"Impressive, provocative... The richness, scope and detail of Piketty's analysis means that it is
impossible to summarize it without losing much of the vibrancy which makes it such an exceptionally
gripping read... The special conditions for growth created by the two world wars have now
evaporated. The forces of convergence are in large measure spent, and the forces of divergence are
in the ascendant. Capitalism is reverting to type... The first three parts of Piketty's book are devoted
to describing and analyzing this transition. They represent a brilliant, mesmerizing re-statement of
technical matters for a non-specialist readership. Here Piketty's achievement is superb... There is a
huge amount to admire and welcome in this book... Like the radicals of the 1790s, who toasted
Edmund Burke in gratitude for the fundamental debate his writings on the French Revolution had
provoked, even those who find Piketty's remedies unpalatable and in some ways worse than the
disease he is trying to cure should nevertheless applaud his industry, his acuity, and his humane
commitment to the ideal of rational, temperate and informed public debate."--David Womersley,
Standpoint
"As befits a book of such size, Capital is broad-ranging, both historically and geographically... This
impressive book contains the odd equation and chart that might not appeal to the general reader,
but I hope this work will not go the way of A Brief History of Time--a book more talked about than
read."--William Keegan, The Tablet
"[Piketty] has demolished the Western myth that all who work hard can expect success."--Mary
Riddell, The Telegraph
"It proves, irrefutably and clearly, what we've all suspected for some time now--the rich ARE getting
richer compared to everyone else, and their wealth isn't trickling down. In fact, it's trickling up...
And as Piketty's book makes so uncomfortably clear, it's likely to get worse before it gets better...
It's going to be remembered as the economic tome of our era. Basically, Piketty has finally put to
death, with data, the fallacies of trickle down economics and the Laffer curve, as well as the
increasingly fantastical notion that we can all just bootstrap our way to the Forbes 400 list... We can
only hope that the politicians crafting today's economic programs will take this book to heart."--Rana
Foroohar, Time online
"Magisterial... Bursting with ideas... This book is economics at its best."--Philip Roscoe, Times
Higher Education
"In Capital in the Twenty-first Century, Piketty sums up his research, tracing the history and pattern
of economic inequality across a number of countries from the eighteenth century to the present,
analyzing its causes, and evaluating some policy fixes. Spanning nearly 700 densely packed pages,
it's a big book in more than one sense of the word. Clearly written, ambitious in scope, rooted in

15. economics but drawing on insights from related fields like history and sociology, Piketty's Capital
resembles nothing so much as an old-fashioned work of political economy by the likes of Adam
Smith, David Ricardo, Karl Marx, or John Maynard Keynes. But what is particularly exciting about
this book is that, due to advances in technology, Piketty is able to draw on data that not only spans a
substantially longer historical time frame, but is also necessarily more complete and consistent than
the records earlier theorists were forced to rely on. As a result, his analysis is significantly more
comprehensive than those of his predecessors-- and easily as persuasive... Capital is a consistently
engrossing read, encompassing topics including the stunning comeback that inherited wealth has
made in today's advanced economies, the dubiousness of the economic theory that a worker's wage
is equal to his or her marginal productivity, the moral insidiousness of meritocratic justifications of
inequality, and more. But the book's major strength lies in Piketty's ability to see the big picture. His
original and rigorously well-documented insights into the deep structures of capitalism show us how
the dynamics of capital accumulation have played out historically over the past three centuries, and
how they're likely to develop in the century to come... America's twenty-first-century inequality crisis
is, if anything, even more daunting and complex than the one we experienced a century ago. But as
Piketty reminds us, the solutions to this problem are political, and they lie within our grasp. Should
Americans choose to deploy those solutions, not only would we be doing the right thing, we'd be
living up to our deepest traditions and most cherished ideals."--Kathleen Geier, The Washington
Monthly
"After receiving widespread attention in his native France, Thomas Piketty's Capital in the Twenty-
First Century has received even greater attention on this side of the Atlantic, and deservedly so. It
offers a stark and depressing picture for those who believe that some combination of democratic
politics and economic growth can protect us from rampant inequality."--Kenneth Scheve and David
Stasavage, The Washington Post blog
"Thomas Piketty's new book, Capital in the 21st Century, painstakingly details the dynamics of
wealth and income inequality throughout the last two centuries, and offers a somewhat grim picture
of the future of economic inequality. Along the way, Piketty also offers his theory of the cause of
exploding executive pay and how we can successfully combat this destructive trend."--Matt Bruenig,
The Week
"It's a brilliant, surprisingly readable work that synthesizes a staggering amount of careful research
to make the case that income inequality is no accident. Indeed, Piketty argues that it is a feature of
capitalism itself--unless governments take action to rein in capitalism's excesses... But the value of
Piketty's work is that it shows that capitalism's postwar heyday--in which incomes at the bottom and
the top actually converged--was a historical anomaly. Piketty's analysis of the last two centuries
makes the case that capital in its natural state does not tend to spread out or trickle down, but to
concentrate in the hands of a few... He has starkly and convincingly outlined the stakes for future
generations. Either we'll have a new birth of reformed capitalism...or we'll have wealth
concentration on such a colossal scale that it will threaten the democratic order."--Ryan Cooper, The
Week
"It is a great work, a fearsome beast of analysis stuffed with an awesome amount of empirical data,
and will surely be a landmark study in economics."--The Week
"Rarely does a book come along...that completely alters the paradigm through which we frame our
worldview. Thomas Piketty's magisterial study of the structure of capitalism since the 18th century,
Capital in the 21st Century, is such a book... As leaders from Pope Francis to Barack Obama have
proclaimed, growing inequality is the defining issue of our time. Much indeterminate discussion has
swirled around its key causes, from job-displacing technologies to wage-deflating outsourcing of

16. jobs. Capital in the 21st Century clears up all the confused thinking and presents us with the most
compelling analysis to date of the key dynamic that drives ever-increasing inequality. This book is
more than a must read. It is a manual for action that provides a fresh framework for the new politics
of the 21st century." --Nathan Gardels, The WorldPost
"[An] enormously important book."--Doug Henwood, Bookforum
"Essential reading for citizens of the here and now. Other economists should marvel at how that
plain language can be put to work explaining the most complex of ideas, foremost among them the
fact that economic inequality is at an all-time high--and is only bound to grow worse."--Kirkus
Reviews
"An explosive argument."--Liberation
"A seminal book on the economic and social evolution of the planet... A masterpiece."--Emmanuel
Todd, Marianne
"Outstanding... A political and theoretical bulldozer."--Mediapart
"The book of the season."--Telerama
"In this magisterial work, Thomas Piketty has performed a great service to the academy and to the
public. He has written a pioneering book that is at once thoughtful, measured, and provocative. The
force of his case rests not on a diatribe or a political agenda, but on carefully collected and analyzed
data and reasoned thought. The book should have a major impact on our discussions of
contemporary inequality and its meaning for our democratic institutions and ideals. I can only
marvel at Piketty's discipline and rigor in researching and writing it."--Rakesh Khurana, Harvard
Business School
"This book is not only the definitive account of the historical evolution of inequality in advanced
economies, it is also a magisterial treatise on capitalism's inherent dynamics."--Dani Rodrik, Institute
for Advanced Study
http://link.reuters.com/xaf87v