Pocket Piketty

Thomas Piketty's Capital in the Twenty-First Century has been hailed as a masterpiece, making a powerful case that wealth inequality is not an accident, but rather an inherent feature of capitalism. But how many of us who bought or borrowed the book have read more than a fraction of its 700+ pages? And how many of Piketty's groundbreaking ideas have gone unappreciated, all for want of intellectual stamina? In this handy volume, Jesper Roine – whose own work was relied upon by Piketty – explains in clear and accessible prose the key concepts behind, and controversies surrounding, Piketty's landmark work.

Thomas Piketty created a classic bestseller of economics: dense, huge, and expensive. Here's the cheat sheet.

What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.

This comprehensive introduction to politics provides an essential template for assessing the health and workings of present day democracy by exploring how democratic processes bring public policy into line with popular preferences. Incorporating the latest findings from Big Data across the world, it provides a crucial framework showing students how to deploy these for themselves, providing straightforward, practical orientation to the scope and methods of modern political science. Key features: Everyday politics is explained through concrete applications to democracies across the world; Predictive theories illuminate what goes on at various levels of democracy; Outlines - in easy to understand terms - the basic statistical approaches that enable empirically-informed analysis; Rich textual features include chapter summaries, reviews, key points, illustrative briefings, key concepts, project and essay suggestions, relevant reading all clearly explained in ‘How to Use This Book’; Provides a firm basis for institutional and normative approaches to democratic politics; Concluding section reviews other approaches to explaining politics, assessing their strengths and weaknesses. Politics is an essential resource for students of political science and of key interest to economics, public policy analysis and more broadly the social sciences.

An introduction to Thomas Piketty’s monumental work US Nobel Prize–winner Paul Krugman described Thomas Piketty’s Capital in the Twenty-First Century as “perhaps the most important book of the last decade.” It has sparked major international debates, dominated bestseller lists and generated a level of enthusiasm—as well as intense criticism—in a way no other economic or sociological work has in a long time. Piketty has been described as a new Karl Marx and placed in the same league as the economist John Maynard Keynes. The “rock star economist’s” underlying thesis is that inequality under capitalism has reached dramatic levels in the last few decades and continues to grow—and that this is not by chance. A small elite is making itself richer and richer and acquiring everincreasing levels of power. Given the sensational reception of Piketty’s not-so-easily digested 800-page study, the question as to where the hype around the book comes from deserves to be asked. What does it get right? And what should we make of it—both of the book itself and of the criticism it has received? This introduction lays out the argument of Piketty’s monumental work in a compact and understandable format, while also investigating the controversies Piketty has stirred up. In addition, the two authors demonstrate the limits, contradictions and errors of the so-called Piketty revolution.

The second edition of International Political Economy continues to be the perfect short introduction to the fundamental theories and issues of international political economy (IPE). Written in a concise, accessible style by an experienced teacher and scholar, it combines theoretical perspectives, real-world examples, and comparative policy analysis. The text offers students an in-depth, balanced understanding of the contrasting core perspectives in IPE, allowing them to critically evaluate and independently analyze major political-economic events. Having emerged from both the classical and modern schools of political economy, the book’s unique structure is organized around the threefold world view classification of IPE that the author labels as free-market, institutionalist, and Marxist. The book: Compares, contrasts, and critiques the different approaches in the context of major global issues such as financial crises, free vs. fair trade, ecological degradation, growing inequality, gender, globalization, and multinational corporations; Explains key economic concepts such as financial markets, banking systems, monetary policy, foreign exchange, Keynesian economics, fiscal policy, comparative advantage, value theory, money, role of corporations, and ecological economics as well as their relationship to political concepts such as international regimes and governance; Contains 30 original figures and tables, review questions at the end of each chapter, and a detailed glossary to enhance student learning; Responds to the call from eminent IPE specialists Robert Keohane and Benjamin Cohen for textbooks that take a pluralistic approach. This thoroughly updated second edition is essential reading for students of international political economy, economics, political science and global governance.

Are Thomas Piketty’s analyses of inequality on target? Where should researchers go from here in exploring the ideas he pushed to the forefront of global conversation? In After Piketty, a cast of economists and other social scientists tackle these questions in dialogue with Piketty, in what is sure to be a much-debated book in its own right.

This book has two aims. First, to provide a critical legal examination of the liberal state and liberal rights in the law, and secondly, to present a systematic alternative to liberal approaches to both the law and rights, grounded in a left wing conception of human dignity. At the opening of the 21st century a remarkable thing happened. Liberalism, once considered the only doctrine left standing at the end of history, began to face renewed competition from both the political left and the post-modern conservative right. This book argues that the way forward is not to abandon, but to radicalize, the potential of the liberal project. Analysing major theoretical positions in order to build a critical genealogy of liberal rights, McManus lucidly develops a left wing alternative to the classic liberal approach to rights drawing on the traditions of liberal egalitarians and deliberative democracy theory. Societies, he argues, should be committed to advancing the human dignity of all through the enshrinement of certain rights into positive state law, the expansion of democracy and a resolute commitment to economic equality.