Happy New Year! I hope you had a good December sans development overload. I spent it reading through the Harry Potter series.
This month we are reading Capital in the Twenty-First Century by Thomas Piketty. This book sparked a lot of conversation last year surrounding inequality and its causes. Even those who disagree with Piketty’s diagnosis on labour income and capital admit his work adds immensely to the field of economics. Despite the groundbreaking material (or not for those who think he recycles Marx) there remains a lot of room for discussion about how this book relates to developing countries. Nancy Birdsall has written some of her thoughts here.
Piketty is a French economist who spent over 15 years researching wealth and national growth. Because we only have a month, and a lot of this book focuses on Western countries (especially the USA and France), we are going to read “Introduction” and “Part three: The Structure of Inequality” (chapters 7-12). If you have time to read all 600 pages -go for it!