Friday, December 20, 2019

Capital Analysis Capital And Income Inequality Essay

As a Economics book, The book Capital in the Twenty-First Century is written for all Economics scholars and Econ major students all over the world. Since the book is mainly talking about the wealth and income inequality in the United States and Europe since the 18th century, it is a great reference for scholars who is writing papers about wealth distribution and income inequality. In addition, since the book was announced to be made into a documentary movie, it will be an original reference for those who are interested in the movie. Thomas Piketty is Professor of Economics at the Paris School of Economics. He published many articles in many most famous Economics magazines such as Quarterly Journal of Economics, the Journal of Political Economy, the American Economic Review and the Review of Economic Studies. He is specialized in the wealth inequality, and he has done a lot of historical and theoretical work on the interplay between economic development and the distribution of income and wealth. Based on historical and statistical methods, his work shows the rate of capital accumulation in relation to economic growth. Some of his major works are Wealth and Inheritance in the Long Run, Should We Make the Richest Pay to Meet Fiscal Adjustment Needs?, Top Incomes Over the Twentieth Century : A Summary of Main Findings [chap. 1]. His most recent work is World Wealth and Income Database (WID) (F. Alvaredo, T. Atkinson, T. Piketty, E. Saez, G. Zucman, 2011-2016). 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