Here’s an unlikely bestseller: A 700-page book on 21st century economics

[applegrove]

Here’s an unlikely bestseller: A 700-page book on 21st century economics

By Jia Lynn Yang at the Washington Post


http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/22/heres-an-unlikely-bestseller-a-700-page-book-on-21st-century-economics/?Post+generic=%3Ftid%3Dsm_twitter_washingtonpost

"SNIP........................

The new book by economist Thomas Piketty, "Capital in the Twenty-First Century" is a runaway hit, perched at the top of Amazon.com's bestsellers chart and temporarily sold out on the Web site.

The book has sold about 48,000 hardcover copies and 8,000 to 9,000 e-book versions, according to Susan Donnelly, sales and marketing director at Harvard University Press, the publisher behind the English-language version of the book. (The book was written originally in French and released there last year.)

There are presses cranking it out in the United States, India and Britain, and the book is in at least its fourth run. Even though the book was already a hit in its native France, it's now taking off among English readers around the world, said Donnelly. She expects that sales in China, Hong Kong and Japan will also soon follow.

Piketty, already widely cited for his work on income inequality, has clearly touched a nerve. The book argues that the underlying mechanisms of capitalism tend towards massive inequality. Piketty argues that the era between 1930 and 1975 -- often hailed for the way in which wealth was broadly shared -- was actually a departure from the norm. That period of economic growth, he says, was the result of unusual circumstances like World War II, a global depression and the government's actions in the aftermath of those events: strong policies raising taxes and increasing regulation. But now, with many of those policies rolled back, societies are reverting back to extreme inequality.




.......................SNIP"

[Prophet 451]

1. And, predictably...

...conservatives are already calling him a commie.

[ChisolmTrailDem]

2. Those confederate idiots don't even know they're victims and they help themselves

to the victimization like the nitwits they are.