Description:
Thomas Piketty's Capital in the 21st Century reached the top of most best-seller lists last year shortly after it was released. Nonetheless, few people actually read the book. Yet reviewers have agreed that the book is important because it touches on one of the major problems facing the US economy, the UK economy and many developed nations: rising income and wealth inequality. It also provides an explanation of the problem and a policy solution: a global wealth tax.
Review Quotes:
Steven Pressman's book is the most balanced, sympathetic and constructive critique of Piketty's Capital in the Twenty-First Century I have yet read...It is in many ways, and as a critical text, a significant improvement on the original. Pressman does more than provide an accessible account of the key aspects of Capital. Rather, Pressman takes the key aspects as a point of departure in order to provide fuller contextualised explanation of the trends and issues arising as well as the accounts of theory that Piketty could himself have usefully incorporated in Capital.' -- Jamie Morgan, Review of Political Economy
'This is the most important critique of the most important book in economics in recent years. Pressman breaks down Piketty in a manner that will be valuable to both scholars and students alike.' -- Robert S. Rycroft, Professor of Economics, University of Mary Washington, USA
'Piketty's Capital in the 21st Century is one of the most widely discussed books so far in this century, but what is badly needed is a good-humored, readable introduction, which is provided by Steven Pressman's Understanding Piketty's Capital in the 21st Century. Like Piketty, Pressman is a chronicler of inequality.' -- E. Ray Canterbery, Professor Emeritus of Economics, Florida State Univerisity, USA