A Brief History of Equality explained

A Brief History of Equality
Title Orig:Une breve histoire de l'égalité
Orig Lang Code:fr
Translator:Steven Rendall
Author:Thomas Piketty
Subjects:Political economy, economic history, economic equality, macroeconomics
Pub Date:2021
English Pub Date:April 19, 2022
Media Type:Print (hardback)
Pages:288
Isbn:9780674273559

A Brief History of Equality is a non-fiction book by the French economist Thomas Piketty translated by Steven Rendall from the original 2021 Une brève histoire de l'égalité,[1] about wealth redistribution,[2] in which Piketty describes why he is optimistic about the future.[3]

Overview

In this 288-page book targeting an audience of citizens, not economists, Piketty summarizes his two previous books, his 2014 696-page Capital in the Twenty-First Century[4] and his 2019 1150-page book Capital and Ideology.[5] [6] In Capital, Piketty said that a possible remedy for inequality lay in a "global tax on wealth". In A Brief History, he developed the concept of a progressive increase in the tax on the wealthy.[6]

Reviews

In her Financial Times review, economist Diane Coyle said that in A Brief History, Piketty advocates for politico-economic change to reduce inequalities but does not describe practical solutions for achieving that goal.[7]

The Literary Review described the book as "an activist's history"a manifesto as well as an overview of the past.[8]

In his review in the Wall Street Journal, Tunku Varadarajan, a fellow of the American Enterprise Institute (AEI), said that he doubts thatwithout capitalismthe erosion of inequality and developments in economics and technology that Piketty described could have happened.[9]

While Piketty did not make predictions about the future, his work—which also includes his previous publications such as Capital in the Twenty-First Centuryis "partly responsible" for the move away from the "hypercapitalism" of the twenty-first century, according to Columbia Journalism School's Nicholas Lemann in his New York Times review.[10]

Piketty condensed twenty years of his research into 300 pages with the goal of making it more accessible to a wider readership than Capital in the Twenty-First Century, according to Antoine Reverchon in his Le Monde book review. Reverchon said that Piketty's effort was worthwhile at a time when the left is mindlessly attempting to bring too many issues together under the same umbrella"environmentalism, reformism, feminism, post-colonialism, anti-capitalism". Piketty calls for the state to increase access to quality health care, education, employment through the progressive implementation of taxation on the most wealthy. He also called for a "decommodification" of certain sectors that have become privatized including education, health, transport and energy. Piketty recognizes the real and historic fears of Soviet socialism and central planninghis socialism is participatory.[6]

Notes and References

  1. Book: Piketty, Thomas . A Brief History of Equality . 2022 . Belknap Press . 288 . 9780674273559.
  2. News: Thomas Piketty Thinks America Is Primed for Wealth Redistribution . The Money Issue . . April 22, 2022 . April 3, 2022 .
  3. Eaton. George. Why Thomas Piketty is optimistic about the left's future. . April 22, 2022. March 23, 2022 .
  4. Book: Piketty, Thomas . Capital in the Twenty-First Century . 2013 . 2014 . . 696 . 978-0674430006.
  5. Book: Piketty, Thomas . Capital and Ideology . 2019 . 2020 . . 1150 . 978-2-02-133804-1.
  6. News: Reverchon. Antoine. 'Une brève histoire de l'égalité' ou comment poursuivre la réduction des inégalités. Le Monde . April 22, 2022 . September 3, 2021 .
  7. News: Coyle. Diane. A Brief History of Equality — the newly optimistic Thomas Piketty. Financial Times. April 22, 2022. April 12, 2022.
  8. McMahon. Darrin M.. Darrin M McMahon - Tomorrow Belongs to Us. Literary Review. April 22, 2022 . April 3, 2022 .
  9. News: 0099-9660. Varadarajan. Tunku. 'A Brief History of Equality' Review: Flattening the Wealth Curve. . April 22, 2022. April 8, 2022 .
  10. News: 0362-4331. Lemann. Nicholas. Thomas Piketty's Radical Plan to Redistribute Wealth. . April 22, 2022. April 19, 2022 .