The Contradictions of Capital in the Twenty-First Century

The Contradictions of Capital in the Twenty-First Century

By: Pat Hudson (editor), Keith Tribe (editor)Paperback

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This volume of essays builds upon renewed interest in the long-run global development of wealth and inequality stimulated by the publication of Thomas Piketty's Capital in the Twenty-First Century. It brings together an international team of leading economic historians and economists to provide an overview of global developments in the theory and reality of inequality and its salience in the modern world order. The contributors take stock of the key concepts involved in contemporary debates capital, wealth and income distribution, economic development, private and collective assets, financialization, global liberalisation and evaluate the evidence for both common and contrasting historical trends in national statistical data sources. To the developed economies upon which Piketty drew are added contributions covering Latin America, Africa, India and Japan, providing a global perspective upon a global phenomenon. The book seeks to provide readers with a deeper awareness and understanding of the significance of inequality in economic development, the varying pace and nature of economic change around the world, and the manner in which this process of change affects the distribution of incomes and wealth in diverse economies. The collection marks an important step in the process of developing Piketty's analytical framework and empirical material, overcoming some of their limitations and helping to cement a lasting place for inequality in the future agenda of economics and economic history.

About Author

Pat Hudson is Emeritus Professor of Economic History at Cardiff University. Her books include The Industrial Revolution (1992) and History by Numbers: An Introduction to Quantitative Approaches (second edition 2016). Recently, she coedited (with Francesco Boldizzoni) The Routledge Handbook of Global Economic History (2016). Keith Tribe taught economics at Keele University in the 1980s and 1990s before taking early retirement in 2002. Since then he has continued to write, translate and teach. He is currently teaching the history of economics at the University of Birmingham. His books include Governing Economy (1988), Strategies of Economic Order (1995/2007) and The Economy of the Word (2015).


1. Introduction, Pat Hudson and Keith Tribe Part I: Categories 2. Capital and Wealth, Geoff Harcourt, University of New South Wales and Keith Tribe 3. Incomes and Welfare, Francesco Boldizzoni, University of Turin 4. Inequality, Keith Tribe 5. Liberalism, Democracy, Money, Avner Offer, University of Oxford Part II: Piketty in Western National Contexts 6. France, Gauthier Lanot, Umea University 7. Germany, Jan-Otmar Hesse, University of Bielefeld 8. Sweden, Ylva Hasselberg & Henry Ohlsson, Uppsala University 9. USA, Mary O'Sullivan, University of Geneva 10. Britain, Jim Tomlinson, University of Glasgow Part III: Piketty: Global Commentaries 11. Latin America, Luis Bertola, Universidad de la Republica, Uruguay 12. Africa, Patrick Manning & Matt Drwenski, University of Pittsburgh 13. Japan, Tetsuji Okazaki, University of Tokyo 14. India, Prasannan Parthasarathi, Boston College Part IV: Prospect 15. Goals and Measures of Development, Pat Hudson 16. Wealth and Income Distribution, Joseph Stiglitz, Columbia University & Ravi Kanbur, Cornell University

Product Details

  • ISBN13: 9781911116110
  • Format: Paperback
  • Number Of Pages: 312
  • ID: 9781911116110
  • ISBN10: 1911116118

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