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Thomas Piketty's book Capital in the Twenty-First Century has enjoyed great success and provides a new theory about wealth and inequality. However, there have been major criticisms of his work. Anti-Piketty: Capital for the 21st Century collects key criticisms from 20 specialists—economists, historians, and tax experts—who provide rigorous arguments against Piketty's work while examining the notions of inequality, growth, wealth, and capital.
* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. By reading this summary, you will discover an international panorama of criticisms formulated against Thomas Piketty's book, Capital in the 21st Century, from an empirical and theoretical point of view. You will also learn : to what extent Thomas Piketty's deterministic vision of increasing inequality is not inevitable; that his figures and methods of calculation reveal weaknesses and a certain bias; that the contribution of the richest is essential to growth and employment; what would be the consequences of the fiscal policies advocated by Thomas Piketty? that the fight against inequality must not obscure the importance of the fight against extreme poverty; what liberal solutions exist to achieve this. Jean-Philippe Delsol, Nicolas Lecaussin and Emmanuel Martin brought together several authors, both French and foreign, to fuel the debate around the book Le Capital au XXIe siècle by economist Thomas Piketty. The book was a great editorial success, particularly among supporters of the welfare state. However, economists are not unanimous about his law of returns on capital greater than growth (r > g), a phenomenon that, according to Piketty, generates an increase in inequality, and his strategy of high taxation of the highest incomes to remedy it. Anti-Piketty. Vive le Capital au XXIe siècle ! proposes to expose the limits, insufficiencies, and dangers of Thomas Piketty's thinking. It also formulates liberal-inspired alternatives to fight against inequality and poverty. *Buy now the summary of this book for the modest price of a cup of coffee!
Since the publication of Georg Simmel’s Philosophy of Money more than a century ago, social science has primarily considered money a medium of exchange. This new book treats money as a more inclusive social concept that has profoundly influenced the emergence of modern society. Money is also a moral and political category. It communicates prices and thus embodies innumerable evaluations and judgments of objects and services, of social relationships and associations. At the same time, modern societies are undergoing fundamental transformations in which money assumes an ever-important role, while banking and financial services constitute the new primary sector of modern service economies. In this book, the authors trace the transformational scope of monetarization and financialization along the four classical productive forces—land, capital, labor, and knowledge—and evaluate the consequences of an irrepressible urge to quantify and monetarize almost everything social. What happens to a society in which the tangible products of the real economy lose their preeminent status, and everything is judged purely according to its economic value? The authors identify an increasing disconnect between market prices and social values with serious social, political, economic, and environmental consequences.
The motivation for Sociology and Classical Liberalism in Dialogue: Freedom is Something We Do Together is based on two observations: first, sociology as a field is populated with scholars on the left and second, (few but still) classical liberals and libertarian scholars are found in neighboring social science fields, such as economics, political science, and political philosophy. Can scholarship benefit if sociology and classical liberal ideas are in dialogue? To answer the question, the book gathers sociologists, criminologists, demographers, and political scientists that care about classical liberal ideas, or are willing to engage their sociological thinking with classical liberal ideas. Not all authors would identify themselves as classical liberals. These contributors discuss sociological topics through the lens of classical liberalism, asking how issues such as class, gender, or race relations can be viewed with a different perspective. Chapters also delve into the intersection of sociology and classical liberalism, exploring where viewpoints conflict and where they align.
What do people in the United States and Europe think about the rich? There are several thousand books and articles on stereotypes and prejudices directed at countless different social groups. In contrast, there has only been sporadic research into stereotypes about the rich and no published comprehensive, scientific study on the topic—until now. Negative prejudices and stereotypes have repeatedly been used to justify the exclusion, expulsion, persecution, and murder of minorities who have been scapegoated at times of social crises. The 20th century is full of examples of wealthy people, including capitalists, kulaks, and other groups, who were victims of deadly persecution. These were exceptional situations but, even in moderate forms, prejudice against social groups harms society as a whole—not just the rich—through economic or physical destruction and declining prosperity. In The Rich in Public Opinion: What We Think When We Think about Wealth, historian and sociologist Rainer Zitelmann examines attitudes about wealth and the wealthy in four industrialized Western countries: Germany, the United States, France, and Great Britain. Consisting of three parts, this book first surveys the literature about stereotypes and prejudices. Zitelmann then reports on never‐before‐seen data commissioned by the polling firm Ipsos MORI and from the Allensbach Institute, which conducted identical surveys of residents of the four countries regarding various aspects of their attitudes toward wealth. Lastly, The Rich in Public Opinion looks at the portrayal of the rich in media and film. People often admire the wealthy, but Zitelmann shows that people can also envy them—a sometimes toxic envy that can put lives at risk. This book aims to examine how we think about a minority that, while undeniably powerful, can still be the subject of scapegoating—often with dire effects for us all.
This collection of essays explores the resilience and relevance of an ancient yet still vital teaching, Confucianism, for the century ahead and beyond, finding in its many dimensions insights meaningful for the personal, ethical, socio-economic, and political challenges facing the global community and its best interests. Drawing on perspectives from the international scholarly community, the volume is multifaceted in its common goal of addressing contemporary issues in light of various Confucian teachings.
A Wall Street Journal Best Book of 2022: Politics • Winner of the 2024 Hayek Book Prize, Manhattan Institute Everything you know about income inequality, poverty, and other measures of economic well-being in America is wrong. In this provocative book, a former United States senator, eminent economist, and a former senior leader at the Bureau of Labor Statistics challenge the prevailing consensus that income inequality is a growing threat to American society. By taking readers on a deep dive into the way government measures economic well-being, they demonstrate that our official statistics dramatically overstate inequality. Getting the facts straight reveals that the key measures of well-being are greater than the official statistics of the country would lead us to believe. Income inequality is lower today than at any time in post- World War II America. The facts reveal a very different and better America than the one that is currently described by policy advocates across much of the political spectrum. The Myth of American Inequality provides clear and convincing evidence that the American Dream is alive and well.
This innovative new book combines environmental justice scholarship with a material ecocriticism to explore the way in which early Victorian literature (1837–1860) responded to the growing problem of environmental injustice. As this book emphasises, environmental injustice – simply, the convergence of poverty and pollution – was not an isolated phenomenon, but a structural form of inequality; a product of industrial modernity’s radical reformation of British society, it particularly affected the working classes. As each chapter reveals in detail, this form of environmental inequality (or ‘classism’) drew sharply critical reactions from figures as diverse as Thomas Carlyle, Friedrich Engels, Charles Dickens, and John Ruskin, and from within the Chartist movement, as working-class writers themselves reacted to the hazardous realities of a divided society. But as this book also reveals, these writers recognised that a truly just society respects the needs of the nonhuman and takes account of the material world in all its own aliveness; even if only tentatively, they reached for a more inclusive, emergent form of justice that might address the social and ecological impacts of industrial modernity, an idea which is no less relevant today. This book represents an indispensable resource for scholars and students working in the fields of Victorian literature, environmental justice, and ecocriticism.
Problems associated with cronyism, corporatism, and policies that favor the elite over the masses have received increasing attention in recent years. Political Capitalism explains that what people often view as the result of corruption and unethical behavior are symptoms of a distinct system of political economy. The symptoms of political capitalism are often viewed as the result of government intervention in a market economy, or as attributes of a capitalist economy itself. Randall G. Holcombe combines well-established theories in economics and the social sciences to show that political capitalism is not a mixed economy, or government intervention in a market economy, or some intermediate step between capitalism and socialism. After developing the economic theory of political capitalism, Holcombe goes on to explain how changes in political ideology have facilitated the growth of political capitalism, and what can be done to redirect public policy back toward the public interest.
A Foreign Affairs Best Book of the Year “An intellectual excursion of a kind rarely offered by modern economics.” —Foreign Affairs Thomas Piketty’s Capital in the Twenty-First Century is the most widely discussed work of economics in recent years. But are its analyses of inequality and economic growth on target? Where should researchers go from there in exploring the ideas Piketty pushed to the forefront of global conversation? A cast of leading economists and other social scientists—including Emmanuel Saez, Branko Milanovic, Laura Tyson, and Michael Spence—tackle these questions in dialogue with Piketty. “A fantastic introduction to Piketty’s main argument in Capital, and to some of the main criticisms, including doubt that his key equation...showing that returns on capital grow faster than the economy—will hold true in the long run.” —Nature “Piketty’s work...laid bare just how ill-equipped our existing frameworks are for understanding, predicting, and changing inequality. This extraordinary collection shows that our most nimble social scientists are responding to the challenge.” —Justin Wolfers, University of Michigan