And, second, Capital and Ideology must be understood as a supplement (and corrective to) Capital in the Twenty-First Century.

He also positions himself as a successor to the grand lineage of social scientists who taught at the École des Hautes Études en Sciences Sociales (EHESS) in Paris-among them Fernand Braudel, Claude Lévi-Strauss, and Pierre Bourdieu. Indeed, in the introduction to Capital in the Twenty-First Century, Piketty evinces frustration at the historical insensitivity and fetishization of mathematical models favored by the (Anglo-American) neoclassical economic consensus. First, by his own admission, Piketty’s Frenchness and his status as an economist do not always exist at ease. However, they are, in fact, essential for understanding Piketty’s latest magnum opus, Capital and Ideology (which Matt McManus, something of a wunderkind himself, has recently summarized and responded to for Areo ). From this, Piketty-whose discontent with the post-Reagan economic status quo is palpable-draws broadly redistributive conclusions. Expressed schematically, its thesis is that-should we consult a vast array of data sets-we will find that the rate of return on capital invariably exceeds the rate of economic growth. He is also the author of a book published in 2011 entitled Capital in the Twenty-First Century. Thomas Piketty is a French economist, who currently teaches at the Paris School of Economics. “ Whereas Piketty’s earlier book was often accused of ignoring the role that political doctrines played in naturalizing inequality, he has here devoted an entire text to that very subject.”

Capital ideology piketty