Abstract
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 language | English |
|---|---|
| Journal | Nordicum-Mediterraneum |
| Volume | 10 |
| Issue number | 3 |
| Number of pages | 17 |
| ISSN | 1670-6242 |
| Publication status | Published - 2016 |
| Event | The 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 2015 → 12 Apr 2015 Conference number: 3 http://nordic.university/study-circles/archive-study-circles/3-crisis-and-crisis-scenarios-normativity-possibilities-and-dilemma/ |
Seminar
| Seminar | The 3rd Meeting of the Research Circle 3. Nordic Summer University |
|---|---|
| Number | 3 |
| Location | Lysebu Conference Centre |
| Country/Territory | Norway |
| City | Oslo |
| Period | 09/04/2015 → 12/04/2015 |
| Internet address |
Keywords
- Capital
- Capitalism
- France
- Liberalism
- Revolution