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

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.

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Author

Milanovic,Branko L.;
Document Date
2014/07/01
Document Type
Policy Research Working Paper
Report Number
WPS6974
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2014/07/01
Disclosure Status
Disclosed
Doc Name
The return of "patrimonial capitalism" : review of Thomas Piketty's capital in the 21st century
Keywords
rate of return on capital

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Citation

Milanovic,Branko L..

The return of "patrimonial capitalism" : review of Thomas Piketty's capital in the 21st century (English). Policy Research working paper ; no. WPS 6974 Washington, DC: World Bank Group. http://documents.worldbank.org/curated/en/329011468154791066

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

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