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Description         

Capital in the Twenty-First Century by Thomas Piketty is a landmark work that explores the dynamics of wealth and income inequality over the past few centuries. Piketty examines historical data from various countries to show how economic inequality has evolved, focusing particularly on the relationship between capital (wealth) and labor (income). He argues that when the return on capital outpaces economic growth, wealth becomes increasingly concentrated, exacerbating inequality. The book also delves into the implications of this trend for society and democracy, proposing progressive taxation and other policies to address these disparities. Piketty's work is notable for its extensive historical analysis and its call for structural reforms to curb rising inequality. 

About the Author 

Thomas Piketty is a French economist, best known for his work on wealth and income inequality. He gained international fame with his 2013 book, Capital in the Twenty-First Century, which analyzes the concentration of wealth and its impact on society over the past few centuries. Piketty is a professor at the Paris School of Economics and has contributed significantly to the fields of economic history and inequality studies. His research focuses on long-term trends in income and wealth distribution, and he advocates for progressive taxation and other policies to address economic disparities. In addition to Capital, Piketty has written books like Capital and Ideology and A Brief History of Equality, which further explore issues related to economic inequality and its social and political implications.