Thomas Piketty, Capital and Ideology

Society ◽  
2021 ◽  
Author(s):  
Roger E. Backhouse
Keyword(s):  
2020 ◽  
Vol 94 (2) ◽  
pp. 247-248
Author(s):  
Edward Ousselin
Keyword(s):  

2019 ◽  
Vol 41 (2) ◽  
pp. 359-374
Author(s):  
J. E. King

Abstract Thomas Piketty’s Capital in the Twenty-First Century makes hardly any reference to the ethics of inequality. Surprisingly, this is an omission shared by most of his critics. In this paper I investigate the literature on which he and his reviewers might have drawn and speculate on the reasons why they did not. I outline the four ‘views of society’ and the related issues in moral philosophy that were presented by Michael Schneider in his book on the distribution of wealth. I then summarise the criticisms of Piketty made by those few reviewers who did show some interest in ethical questions and examine the slightly earlier and quite different case against reducing inequality made by one of these critics, N. Gregory Mankiw. I consider the economic, political and social costs of inequality identified in a book-length study of Piketty’s work by Steven Pressman, and conclude by reflecting on the reasons for the widespread neglect of moral philosophy by mainstream economists.


2016 ◽  
Vol 96 (3) ◽  
pp. 179-184 ◽  
Author(s):  
Hans-Jörg Naumer
Keyword(s):  

Significance Research by Thomas Piketty shows that a form of free-market ideology has been a key driver of rising income inequality since the 1980s. The airing of alternative ideas, the challenge of decarbonising economies and the potential for the COVID-19 crisis to reset politics raise the prospect of a paradigm shift. Impacts In much of the global South, borrowing constraints and obstacles to taxing the wealthy will make redistribution harder. Strengthening democratic institutions may be as important as strengthening pro-equity political parties to advance redistributive agendas. Political parties in OECD nations have focused on ‘identity’ issues since the 1980s; COVID-19 is bringing redistribution back to the fore.


2014 ◽  
Vol 12 (110) ◽  
pp. 36
Author(s):  
Miguel del Castillo Negrete
Keyword(s):  

Author(s):  
Ladislau Dowbor
Keyword(s):  

O novo livro de Thomas Piketty é essencialmente sobre desigualdade, o mal estrutural maior do nosso planeta. Essa polarização mundial está se tornando explosiva, na medida em que alguns grupos sociais se apropriam de maneira radicalmente desproporcional dos resultados do que a sociedade produz, inclusive fora de qualquer relação de merecimento. Trata-se de mecanismos econômicos de apropriação, mas também de poder político, de monopólio do exercício da violência, do controle das leis e,em particular,de construções ideológicas que geram uma aparência de legitimidade. Daí o título da obra, Capital e ideologia, ou seja, a riqueza das sociedades por um lado, e as justificativas de sua apropriação desequilibrada por outro.


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