Summary:
The book analyzes a collection of data from 20 countries, ranging as far back as the 18th century, to uncover key economic and social patterns. It argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, which leads to wealth inequality that exacerbates over time without policy intervention.
Key points:
1. Capital/Income Ratio: Piketty's capital/income ratio concept suggests that when capital return exceeds economic growth, wealth inequality increases.
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