The best-selling, award-winning author of Capital takes on the financial crisis.
Thomas Piketty is Professor of Economics at the Paris School of Economics and Centennial Professor at the LSE. His book Capital in the Twenty-First Century, which argued that when the rate of return on capital exceeds the rate of economic growth, the resulting unequal distribution of wealth causes instability, has global sales so far of more than 2m copies.
Piketty fans will be fascinated . . . He explains economic
concepts to the lay reader with the kind of clarity that comes from
a deep understanding of the topic -- Ben Chu * Independent on
Amazing, inspiring, forward-thinking, and pragmatic. There is a pattern forming -- Marx, Keynes, Piketty. As our world changes the surest explanations and most practical solutions change in turn -- Professor Danny Dorling, University of Oxford
The questions explored in these brilliant essays cut to the heart of our failing economic and democratic systems. If you have been influenced by Piketty's landmark work on inequality, make sure to read this next. -- Naomi Klein, author of 'This Changes Everything' and 'The Shock Doctrine'
Coming on the heels of his masterwork, Capital in the 21st Century, one might expect this to be the lesser contribution. In fact, Piketty unleashed on real-time economics is a revelation: he is lucid and persuasive - all the more so for being proved right about most of the events he is responding to, even though the full facts only came out later ... For an economist, Piketty draws on a vast and unusual store of honesty and emotional intelligence -- Paul Mason * Guardian *
Well-written and accessible. He ranges widely, to Brazil, Hong Kong, South Africa and Japan. His take, as you would expect, is solidly left-wing but he does not bludgeon. Is this a collection worth buying? For those who did not get enough of him in Capital... yes -- David Smith * Sunday Times *
Piketty has transformed our economic discourse. We'll never talk about wealth and inequality the same way we used to -- Paul Krugman * New York Review of Books *
The perfect accoutrement for a Bernie Sanders rally. It's easier to carry through a crowd than the economist's 685-page best-seller of two years ago, Capital in the Twenty-First Century * Bloomberg *
Thomas Piketty depresses as much as inspires ... Beyond the pleasure of hearing his thoughts, there is a fascination in watching his instant response to events -- Nick Cohen * Observer *
Piketty is back ... as with Capital, Piketty remains quietly optimistic' -- Andrew Neather * Evening Standard *
How one economist tried to make sense of a rapidly changing world .... accessible, direct, universally applicable * New Statesman *
Easy to follow for readers without much knowledge of economics, especially when [Piketty] picks apart topics that defy classical economic logic; in this he resembles Paul Krugman, who similarly writes clearly on complex topics ... Helps make sense of recent financial history * Kirkus Reviews *
Piketty, the French Paul Krugman, has an extraordinary knack for translating the complexities of central bank finance, tax policy, regulation, and macroeconomics into lucid, down-to-earth language enriched by shrewd historical and cultural insights. This is a compelling challenge to economic orthodoxy * Publishers Weekly *
The most important work of political economy to be published in decades -- Nick Pearce (on 'Capital in the Twenty-First Century') * New Statesman *
The author, an inequality expert, is distinguished. The work is acclaimed. The book's empirical detail is already the stuff of legend -- Karl Smith (on 'Capital in the Twenty-First Century') * Financial Times blog Alphaville *
Piketty's treatment of inequality is perfectly matched to its moment ... [He] has emerged as a rock star of the policy-intellectual world ... His work richly deserves all the attention it is receiving -- Lawrence H. Summers * Democracy *
This small collection shows Piketty's mastery of a much wider repertoire of political and economic topics...Whether you agree with his views or not, you can't deny his ability to argue and persuade and dazzle his readers. It's a must-read * Sydney Morning Herald *
Most enjoyable... Genuinely informative and filled with new ideas * The Hindu *
Chronicles is essential reading on why it is important for regulation to stay ahead of markets, as exemplified by the 2008 crisis that still has wounds festering across the world economy -- Gaurav Choudhury * Hindustan Times *