Translation of the author's Le capital au XXIe siècle

Includes bibliographical references and index

Income and output -- Growth : illusions and realities -- The metamorphoses of capital -- From old Europe to the new world -- The capital/income ratio over the long run -- The capital-labor split in the twenty-first century -- Inequality and concentration : preliminary bearings -- Two worlds -- Inequality of labor income -- Inequality of capital ownership -- Merit and inheritance in the long run -- Global inequality of wealth in the twenty-first century -- A social state for the twenty-first century -- Rethinking the progressive income tax -- A global tax on capital -- The question of the public debt

Piketty analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns and shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities. He argues, however, that the tendency of returns on capital to exceed the rate of economic growth will generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken

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