Book review : Capital and ideology

Book review of: Capital and ideology / by Thomas Piketty, Cambridge, Harvard University Press, 2020 (ix+1093 pages, £31.95 (hardback), ISBN 978-0-674-98082-2). Our economy, Piketty observes, is not a natural fact. Markets, profits, and capital are all historical constructs that depend on choices....

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Main Author: Haynes, Jeffrey
Format: Article
Published: Informa UK Limited 2020
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author Haynes, Jeffrey
author_facet Haynes, Jeffrey
author_sort Haynes, Jeffrey
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description Book review of: Capital and ideology / by Thomas Piketty, Cambridge, Harvard University Press, 2020 (ix+1093 pages, £31.95 (hardback), ISBN 978-0-674-98082-2). Our economy, Piketty observes, is not a natural fact. Markets, profits, and capital are all historical constructs that depend on choices. Piketty explores the material and ideological interactions of conflicting social groups that have given us slavery, serfdom, colonialism, communism, and hypercapitalism, shaping the lives of billions. He concludes that the great driver of human progress over the centuries has been the struggle for equality and education and not, as often argued, the assertion of property rights or the pursuit of stability. The new era of extreme inequality that has derailed that progress since the 1980s, he shows, is partly a reaction against communism, but it is also the fruit of ignorance, intellectual specialization, and our drift toward the dead-end politics of identity.
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spelling oai:repository.londonmet.ac.uk:57262021-03-12T12:40:37Z http://repository.londonmet.ac.uk/5726/ Book review : Capital and ideology Haynes, Jeffrey 320 Political science 330 Economics Book review of: Capital and ideology / by Thomas Piketty, Cambridge, Harvard University Press, 2020 (ix+1093 pages, £31.95 (hardback), ISBN 978-0-674-98082-2). Our economy, Piketty observes, is not a natural fact. Markets, profits, and capital are all historical constructs that depend on choices. Piketty explores the material and ideological interactions of conflicting social groups that have given us slavery, serfdom, colonialism, communism, and hypercapitalism, shaping the lives of billions. He concludes that the great driver of human progress over the centuries has been the struggle for equality and education and not, as often argued, the assertion of property rights or the pursuit of stability. The new era of extreme inequality that has derailed that progress since the 1980s, he shows, is partly a reaction against communism, but it is also the fruit of ignorance, intellectual specialization, and our drift toward the dead-end politics of identity. Informa UK Limited 2020-04-02 Article NonPeerReviewed Haynes, Jeffrey (2020) Book review : Capital and ideology. Democratization, 28 (2). pp. 456-458. ISSN 1743-890X https://doi.org/10.1080/13510347.2020.1745774 10.1080/13510347.2020.1745774
spellingShingle 320 Political science
330 Economics
Haynes, Jeffrey
Book review : Capital and ideology
title Book review : Capital and ideology
title_full Book review : Capital and ideology
title_fullStr Book review : Capital and ideology
title_full_unstemmed Book review : Capital and ideology
title_short Book review : Capital and ideology
title_sort book review capital and ideology
topic 320 Political science
330 Economics
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