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Capital in the Twenty-First Century Summary & Review: When r Beats g
Piketty’s Capital in the Twenty-First Century maps r > g: when returns on wealth beat growth, inherited capital pulls ahead of work.…
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Thomas Piketty
"When r beats g, inherited wealth compounds."
Thomas Piketty (born 7 May 1971) is a French economist at EHESS and the Paris School of Economics, and a Centennial Professor at LSE. He builds long-run inequality series from tax and estate records. Capital in the Twenty-First Century (2013; English 2014) became a New York Times #1.
1 book·Wealth, income, and the return on capital
Books by Thomas Piketty
Our in-depth summaries and reviews of his work
Key Ideas & Recurring Themes
r beats g
When return on capital outruns growth, inherited wealth compounds faster than work.
The U-curve of capital
Belle Epoque heights, a twentieth-century trough, a climb back.
A register, not only a tax
A progressive wealth tax is also how a democracy sees who owns the stock.
Notable Quotes
"The past tends to devour the future."— Capital in the Twenty-First Century
Related Authors
Book Author Thomas Piketty
Capital in the Twenty-First Century Summary & Review: When r Beats g
Piketty’s Capital in the Twenty-First Century maps r > g: when returns on wealth beat growth, inherited capital pulls ahead of work. A TGR summary plus a 7-day plan.