The main driver of inequality—returns on capital that exceed the rate of economic growth—is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty’s findings in this ambitious, original, rigorous work will transform debate and set the agenda for...

The results show that government consumption spending has a differential effect on human and physical capital. Increases in government expenditures on consumption raise average primary education levels and lower the average per worker stock of physical capital. Climate also has a differential...

Technological Revolutions and Financial Capital presents a novel interpretation of the good and bad times in the economy, taking a long-term perspective and linking technology and finance in an original and convincing way