"A Book That Will Change Both the Way We Think about Society and the Way We Do Economics"

"Still, today’s economic elite is very different from that of the nineteenth century, isn’t it? Back then, great wealth tended to be inherited; aren’t today’s economic elite people who earned their position? Well, Piketty tells us that this isn’t as true as you think, and that in any case this state of affairs may prove no more durable than the middle-class society that flourished for a generation after World War II. The big idea of Capital in the Twenty-First Century is that we haven’t just gone back to nineteenth-century levels of income inequality, we’re also on a path back to 'patrimonial capitalism,' in which the commanding heights of the economy are controlled not by talented individuals but by family dynasties."


In The New York Review of Books, Paul Krugman reviews Thomas Piketty's Capital in the Twenty-First Century.


As does Robert M. Solow in The New Republic.


And Noah Millman in The American Conservative.