Wednesday , May 12 2021
Home / Video / Understanding Modern Wealth Inequality: Thomas Piketty’s ‘Capital in the 21st Century’

Understanding Modern Wealth Inequality: Thomas Piketty’s ‘Capital in the 21st Century’

Summary:
This is the first in a sequence of book summaries on major works in the natural and social sciences. I provide a concise summary of French economist Thomas Piketty's 700 page book 'Capital in the 21st Century' into a 16 minute video covering ten key claims Piketty makes. Introduction 0:00 - 2:04 Claim #1: Scarcity of Data on Wealth Inequality 2:05 - 2:58 Claim #2: Income Taxes Are Recent 2:59 - 4:07 Claim #3: 1st Law of Capitalism 4:08 - 5:56 Claim #4: Inflation Affects Public Debt 5:57 - 6:36 Claim #5: Wars Cause Inflation and Public, but Lower Inequality 6:37 - 7:16 Claim #6: 2nd Law of Capitalism = s/g 7:17 - 10:01 Claim #7: Slavery Drove Wealth Inequality 10:02 - 11:27 Claim #8: Rise of the Managerial Class 11:28 - 12:04 Claim #9: Inhertance Drives Inequality 12:05 - 13:57 Claim

Topics:
Thomas Piketty considers the following as important:

This could be interesting, too:

Mike Norman writes The ‘Too Much Money Chasing Too Few Goods’ Myth — NeilW

Mike Norman writes Pictures of a Ukrainian Dream — Pepe Escobar

Mike Norman writes Class — Chris Dillow

Mike Norman writes Sputnik — Craig Murray Jailed for Eight Months for Contempt of Court Over Alex Salmond Trial

This is the first in a sequence of book summaries on major works in the natural and social sciences. I provide a concise summary of French economist Thomas Piketty's 700 page book 'Capital in the 21st Century' into a 16 minute video covering ten key claims Piketty makes.



Introduction 0:00 - 2:04

Claim #1: Scarcity of Data on Wealth Inequality 2:05 - 2:58

Claim #2: Income Taxes Are Recent 2:59 - 4:07

Claim #3: 1st Law of Capitalism 4:08 - 5:56

Claim #4: Inflation Affects Public Debt 5:57 - 6:36

Claim #5: Wars Cause Inflation and Public, but Lower Inequality 6:37 - 7:16

Claim #6: 2nd Law of Capitalism = s/g 7:17 - 10:01

Claim #7: Slavery Drove Wealth Inequality 10:02 - 11:27

Claim #8: Rise of the Managerial Class 11:28 - 12:04

Claim #9: Inhertance Drives Inequality 12:05 - 13:57

Claim #10: Progressive Global Tax on Capital 13:58 - 15:57
Thomas Piketty
Thomas Piketty (7 May 1971) is a French economist who works on wealth and income inequality. He is a professor (directeur d'études) at the École des hautes études en sciences sociales (EHESS), associate chair at the Paris School of Economics and Centennial professor at the London School of Economics new International Inequalities Institute.

Leave a Reply

Your email address will not be published. Required fields are marked *