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Capital in the Twenty First Century after Capital in the Twenty First Century

Rishabh Kumar

Journal of Income Distribution2025https://doi.org/10.25071/1874-6322.40635article
AJG 1ABDC B
Weight
0.50

What the paper says

Thomas Piketty’s Capital in the Twenty-First Century stands as a landmark in economic literature, deservedly lauded for its engaging narrative on inequality. I argue that one of the important features of this book was the use of a simple result in economic theory as a rhetorical device to explain the history of wealth accumulation and concentration. Piketty reformulates it as the “second fundamental law of capitalism” and explains differences in wealth-income ratios (β) in rich countries using variation in growth rates. I use a larger sample of countries, whose data appeared after the publication of Capital, to show that this law is not generalizable. This result is driven by the fact that despite structural differences in per-capita growth, wealth-income ratios are large in many big economies.

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https://doi.org/https://doi.org/10.25071/1874-6322.40635

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@article{rishabh2025,
  title        = {{Capital in the Twenty First Century after Capital in the Twenty First Century}},
  author       = {Rishabh Kumar},
  journal      = {Journal of Income Distribution},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.25071/1874-6322.40635},
}

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Capital in the Twenty First Century after Capital in the Twenty First Century

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.