![]() ![]() ![]() Its result is a transformation of what we know about the evolution of income and wealth (which he calls capital) over the past three centuries in leading high-income countries. Second, the book is built on a 15-year programme of empirical research conducted in conjunction with other scholars. He also insists that social scientists “must make choices and take stands in regard to specific institutions and policies, whether it be the social state, the tax system, or the public debt”. ![]() Piketty rejects theorising ungrounded in data. The result is a work of vast historical scope, grounded in exhaustive fact-based research, and suffused with literary references. Piketty himself sees economics “as a subdiscipline of the social sciences, alongside history, sociology, anthropology, and political science”. First, in its scale and sweep it brings us back to the founders of political economy. Capital in the Twenty-First Century contains four remarkable achievements. ![]()
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