Munich Personal RePEc Archive

The return of “patrimonial capitalism”: review of Thomas Piketty’s Capital in the 21st century

Milanovic, Branko (2013): The return of “patrimonial capitalism”: review of Thomas Piketty’s Capital in the 21st century. Forthcoming in: Journal of Economic Literature No. June 2014

[img]
Preview
PDF
MPRA_paper_52384.pdf

Download (663kB) | Preview

Abstract

Thomas Piketty's "Capital in the 21st century" may be one of the most important recent economics books. It jointly treats theory of growth, functional distribution of income, and interpersonal income inequality. It envisages a future of relatively slow growth with the rising share of capital incomes, and widening income inequality. This tendency could be checked only by worldwide taxation of capital.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.