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  • Capital in the Twenty-First Century

    by Thomas Piketty
    economics reading

    Key Takeaways

    Inequality grows if rate of return on capital is greater than the economic growth. That is, when the average returns on capital (such as dividends, interest, rates, and profit) are higher than the economic growth (growth of society’s income/output) people with more capital tend to cumulate more wealth, increasing their income even more. This in turn accelerates the growth of the gap between wealthy and poor.


    Title: Capital in the Twenty-First Century
    Author: Thomas Piketty
    ISBN10: 1497644895
    ISBN13: 9781497644892