The return of “patrimonial capitalism”: review of Thomas Piketty’s Capital in the 21st century
Branko Milanovic ()
MPRA Paper from University Library of Munich, Germany
Thomas Piketty's "Capital in the 21st century" may be one of the most important recent economics books. It jointly treats theory of growth, functional distribution of income, and interpersonal income inequality. It envisages a future of relatively slow growth with the rising share of capital incomes, and widening income inequality. This tendency could be checked only by worldwide taxation of capital.
Keywords: Income distribution; economic growth; taxation (search for similar items in EconPapers)
JEL-codes: D31 D33 E2 E25 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his, nep-hpe and nep-mac
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Working Paper: The return of"patrimonial capitalism": review of Thomas Piketty's capital in the 21st century (2014)
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