TY - BOOK AU - Piketty,Thomas AU - Goldhammer,Arthur TI - Capital in the twenty-first century SN - 9780674430006 : AV - HB501 .P43613 2014 PY - 2014/// CY - Cambridge, Massachusetts PB - The Belknap Press of Harvard University Press KW - Capital KW - Income distribution KW - Wealth KW - Labor economics N1 - Translation of the author's Le capital au XXIe siècle; Includes bibliographical references (pages 579-655) and index; Income and output -- Growth : illusions and realities -- The metamorphoses of capital -- From old Europe to the new world -- The capital/income ratio over the long run -- The capital-labor split in the twenty-first century -- Inequality and concentration : preliminary bearings -- Two worlds -- Inequality of labor income -- Inequality of capital ownership -- Merit and inheritance in the long run -- Global inequality of wealth in the twenty-first century -- A social state for the twenty-first century -- Rethinking the progressive income tax -- A global tax on capital -- The question of the public debt N2 - The main driver of inequality (returns on capital that exceed the rate of economic growth) is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty's findings in this ambitious, original, rigorous work will transform debate and set the agenda for the next generation of thought about wealth and inequality ER -