Piketty’s Capital: The Revival of Political Philosophy, Political Economy and Social Sciences in the Light of the Declaration of Human and Citizens’ Rights in the French Revolution of 1789

Øjvind Larsen

Research output: Contribution to journalConference article in journalResearchpeer-review


Piketty’s Capital in Twenty-First Century has posed a totally new platform for the discussion of the economy and capitalism. Piketty has reinvented the classical political economy founded by Adam Smith in his 1776 Wealth of Nations. Piketty has shown via massive historical research how growth and inequality have developed since 1793. Piketty’s conclusion is that the French Revolution did not change the existing inequality either in the medium or in the long term. Piketty’s prediction is that a new form of global capitalism will arise, patrimonial capitalism, in which inequality will develop further and the 1% of the World population will control 95% of all wealth in the World.
Original languageEnglish
Issue number3
Number of pages17
Publication statusPublished - 2016
EventThe 3rd Meeting of the Research Circle 3. Nordic Summer University: Crisis and Crisis Scenarios: Normativity, Possibilities and Dilemmas - Lysebu Conference Centre, Oslo, Norway
Duration: 9 Apr 201512 Apr 2015
Conference number: 3


SeminarThe 3rd Meeting of the Research Circle 3. Nordic Summer University
LocationLysebu Conference Centre
Internet address


  • Capital
  • Capitalism
  • France
  • Liberalism
  • Revolution

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