Cydcor Reviews ‘Capital in the Twenty-First Century’
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Here is Cydcor’s review of Capital in the Twenty-First Century by Thomas Piketty.
About Capital in the Twenty-First Century:
Thomas Piketty is a French economist who shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities. Piketty is arguably the world’s leading expert on income and wealth inequality, and does more than document the growing concentration of income in the hands of a small economic elite. He makes a powerful case that we’re on our way back to “patrimonial capitalism,” in which the commanding heights of the economy are dominated by inherited wealth.
Why Cydcor recommends Capital in the Twenty-First Century to future leaders:
This book is a beast; it’s just over seven hundred pages and has seventy-seven pages dedicated just to endnotes. But despite its length, the book is engaging and, at the moment, Piketty is currently the most talked about economist in the world. His book spans across nations as he analyzes tax records and data from the United States, France, Germany and Japan, among others.
Financial Times and McKinsey have named Capital in the Twenty-First Century their business book of the year. Strategy+Business magazine also named Piketty’s book as one of the best books of 2014. It is backed by remarkably detailed data and analysis, and his historical proofs and economic analysis make a fantastic book, and is a must-read for any business leader to truly understand present-day economics.
Our favorite part:
The most admirable part of Piketty’s book is how he takes tremendously complex data and simplifies it in a way that the layman can understand. Piketty’s book is commendable both in its content and its attitude. Its content is straightforward. It is a bold analysis of a tremendous effort by Piketty and other scholars to collect data on income distribution and capital accumulation and distribution over many years and many countries. Whatever one thinks of the analysis, this data collection effort is an important contribution to our knowledge about our modern economy and its history.
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