About Capital and Ideology by Thomas Piketty

ABSTRACT: This study reviews Thomas Piketty’s Capital and Ideology and provides a detailed analysis to aid understanding of the book, combined with diverse scholars’ perspectives in the fields of economic history, political economics, and social sciences. This book is selected as my review target to...

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Main Author: Jinhyo Joseph Yun
Format: Article
Language:English
Published: Elsevier 2022-06-01
Series:Journal of Open Innovation: Technology, Market and Complexity
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2199853122000178
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author Jinhyo Joseph Yun
author_facet Jinhyo Joseph Yun
author_sort Jinhyo Joseph Yun
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description ABSTRACT: This study reviews Thomas Piketty’s Capital and Ideology and provides a detailed analysis to aid understanding of the book, combined with diverse scholars’ perspectives in the fields of economic history, political economics, and social sciences. This book is selected as my review target to answer the following research question, “How do we conquer the growth limits of capitalism?” This book gave me several ideas for the basis of my future research. In this review paper, I provide a guide for readers to understand ways to conquer the growth limits of capitalism. My study also provides a creative understanding of the evolution of the capitalist economy from new perspectives. In particular, it presents an analysis of Piketty’s diverse policy ideas from the viewpoint of a global history of capitalism. This will give a new lens through which to focus on understanding and resolving the inequalities of 21st-century hyper-capitalism and to construct policy for the current world economy. Finally, this study offers a causal loop model of Piketty’s findings and proposals, and suggests future research topics.
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spelling doaj.art-53d238f05df241018f5f99eff2a535ae2023-12-14T05:21:01ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312022-06-018276About Capital and Ideology by Thomas PikettyJinhyo Joseph Yun0Daegu Gyeongbuk Institute of Science & Technology and Open Innovation Academy, Daegu 42988, Korea; Tel.: +82-537854410; Graduate School of Public Administration, Seoul National University, Seoul 08826, KoreaABSTRACT: This study reviews Thomas Piketty’s Capital and Ideology and provides a detailed analysis to aid understanding of the book, combined with diverse scholars’ perspectives in the fields of economic history, political economics, and social sciences. This book is selected as my review target to answer the following research question, “How do we conquer the growth limits of capitalism?” This book gave me several ideas for the basis of my future research. In this review paper, I provide a guide for readers to understand ways to conquer the growth limits of capitalism. My study also provides a creative understanding of the evolution of the capitalist economy from new perspectives. In particular, it presents an analysis of Piketty’s diverse policy ideas from the viewpoint of a global history of capitalism. This will give a new lens through which to focus on understanding and resolving the inequalities of 21st-century hyper-capitalism and to construct policy for the current world economy. Finally, this study offers a causal loop model of Piketty’s findings and proposals, and suggests future research topics.http://www.sciencedirect.com/science/article/pii/S2199853122000178inequalitytrifunctional societyownership societyprogressive taxsocial ownershipsocial nativism
spellingShingle Jinhyo Joseph Yun
About Capital and Ideology by Thomas Piketty
Journal of Open Innovation: Technology, Market and Complexity
inequality
trifunctional society
ownership society
progressive tax
social ownership
social nativism
title About Capital and Ideology by Thomas Piketty
title_full About Capital and Ideology by Thomas Piketty
title_fullStr About Capital and Ideology by Thomas Piketty
title_full_unstemmed About Capital and Ideology by Thomas Piketty
title_short About Capital and Ideology by Thomas Piketty
title_sort about capital and ideology by thomas piketty
topic inequality
trifunctional society
ownership society
progressive tax
social ownership
social nativism
url http://www.sciencedirect.com/science/article/pii/S2199853122000178
work_keys_str_mv AT jinhyojosephyun aboutcapitalandideologybythomaspiketty