Reading Capital in the Twenty-First Century: Thomas Piketty and political economy

Lire Le Capital au xxie siècle: Thomas Piketty et l’économie politique

David M. Kotz, Terrence McDonough and Can McMahon

Revue de la Régulation - Capitalisme, institutions, pouvoirs, 2019, vol. 26

Abstract: This paper offers a radical political economy critique of Thomas Piketty’s Capital in the Twenty-First Century, drawing on heterodox economics and the social structure of accumulation (SSA) theory. We argue that the dynamics of inequality in capitalist systems cannot be fully explained at the level of capitalism in general, or by supplementing such an account with reference to state policies or contingent events, but require attention to the specific institutional form of capitalism.

Keywords: political economy; inequality; social structure of accumulation (SSA) theory; économie politique; inégalités; théorie de la structure sociale d’accumulation (SSA) (search for similar items in EconPapers)
JEL-codes: B50 B51 B52 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:rvr:journl:2019:15525

DOI: 10.4000/regulation.15525

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