The return of"patrimonial capitalism": review of Thomas Piketty's capital in the 21st century

Branko Milanovic

No 6974, Policy Research Working Paper Series from The World Bank

Abstract: The paper provides a detailed review of Thomas Piketty's book"Capital in the 21st century."It focuses on the new contributions of the book, and in particular on its unified treatment of economic growth, functional income distribution, and concentration of personal income. It concludes that Piketty's reinvigoration of classical and empircally-drven approach is likely to have a profound impact on economics.

Keywords: Economic Theory&Research; Political Economy; Emerging Markets; Inequality; Poverty Impact Evaluation (search for similar items in EconPapers)
Date: 2014-07-01
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

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Related works:
Working Paper: The return of “patrimonial capitalism”: review of Thomas Piketty’s Capital in the 21st century (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:6974

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