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...

"For the first time in history, the globe is dominated by one economic system. Capitalism prevails because it delivers prosperity and meets desires for autonomy. But it also is unstable and morally defective. Surveying the varieties and futures of capitalism, Branko Milanovic offers creative...

The paper contrast three periods of globalization: the Roman-led one of the 2nd-4th century, the British-led one of the 19th century, and the current one led the United States. Each of them not only had a hegemon country but was associated with a specific ideology. However, in reaction to the...

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...

Capital in the Twenty-First Century by Thomas Piketty provides a unified theory of the functioning of the capitalist economy by linking theories of economic growth and functional and personal income distributions. It argues, based on the long-run historical data series, that the forces of...

Spätestens seit der Finanzkrise zeichnet sich ab, dass zwei Ausprägungen im Wettstreit miteinander liegen: ein liberaler Kapitalismus, der mit rechtsstaatlichen Prinzipien und Demokratie einhergeht, und ein autoritärer, in dem Vetternwirtschaft und politische Willkür an der Tagesordnung...

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...