Volltext-Downloads (blau) und Frontdoor-Views (grau)
  • search hit 1 of 1
Back to Result List

A review on "Capital in the 21th century"

  • This paper is a brief review on the book ‘Capital in the Twenty-First Century’ by the French scholar Thomas Piketty. The book has started a new debate about inequality and capital taxation in Europe. It provides interesting empirical facts and develops a theory of the functioning of capitalist economies. However, I personally think the book is less convincing than recognized in the public debate. The demonstrated theory of economic growth in the book is elusive and lacks a psychological and behavioral underpinning. In fact, I do think that the increasing inequality and economic divergence are caused by capitalism but the psychological and behavioral aspects of humans are of similar or greater significance. Therefore, Piketty’s argument does not stimulate an open and scientifically founded debate in all aspects.

Download full text files

Export metadata

Additional Services

Share in Twitter Search Google Scholar


Author of HS ReutlingenHerzog, Bodo
Erschienen in:Psychology and Behavioral Sciences
Publisher:Science Publishing Group
Place of publication:New York
Document Type:Review
Year of Publication:2014
Tag:behavioral economics; capital taxation; inequality; poverty
eurozone crisis
Page Number:5
First Page:207
Last Page:211
DDC classes:330 Wirtschaft
340 Recht
Open Access?:Ja
Licence (German):License Logo  Creative Commons - Namensnennung