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(I've only started the book.) Its claim is: under reasonable assumptions, inequality increases over time under capitalism. Yes, Marx argued this; Piketty has a
by aamar 12y ago
(I've only started the book.) Its claim is: under reasonable assumptions, inequality increases over time under capitalism.
Yes, Marx argued this; Piketty has an elegant new analysis supported by a lot of newly collected data. The book is in part a rebuttal to Simon Kuznets and others, who argue (plausibly) that capitalism tends to decrease inequality in the long run.