Essential reading for citizens of the here and now. Other economists should marvel at how that plain language can be put to...

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CAPITAL IN THE TWENTY-FIRST CENTURY

Name: CAPITAL IN THE TWENTY-FIRST CENTURY
Author: Thomas Piketty
ISBN: 978-0-674-43000-6

by Thomas Piketty translated by Arthur Goldhammer ‧ RELEASE DATE: March 10, 2014

A French academic serves up a long, rigorous critique, dense with historical data, of American-style predatory capitalism—and offers remedies that Karl Marx might applaud.

Economist Piketty considers capital, in the monetary sense, from the vantage of what he considers the capital of the world, namely Paris; at times, his discussions of how capital works, and especially public capital, befit Locke-ian France and not Hobbesian America, a source of some controversy in the wide discussion surrounding his book. At heart, though, his argument turns on well-founded economic principles, notably r > g, meaning that the “rate of return on capital significantly exceeds the growth rate of the economy,” in Piketty’s gloss. It logically follows that when such conditions prevail, then wealth will accumulate in a few hands faster than it can be broadly distributed. By the author’s reckoning, the United States is one of the leading nations in the “high inequality” camp, though it was not always so. In the colonial era, Piketty likens the inequality quotient in New England to be about that of Scandinavia today, with few abject poor and few mega-rich. The difference is that the rich now—who are mostly the “supermanagers” of business rather than the “superstars” of sports and entertainment—have surrounded themselves with political shields that keep them safe from the specter of paying more in taxes and adding to the fund of public wealth. The author’s data is unassailable. His policy recommendations are considerably more controversial, including his call for a global tax on wealth. From start to finish, the discussion is written in plainspoken prose that, though punctuated by formulas, also draws on a wide range of cultural references.

Essential reading for citizens of the here and now. Other economists should marvel at how that plain language can be put to work explaining the most complex of ideas, foremost among them the fact that economic inequality is at an all-time high—and is only bound to grow worse.

Pub Date: March 10, 2014

ISBN: 978-0-674-43000-6

Page Count: 640

Publisher: Belknap/Harvard Univ.

Review Posted Online: April 30, 2014

Kirkus Reviews Issue: May 15, 2014

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TIME FOR SOCIALISM
by Thomas Piketty ; translated by Kristin Couper

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CAPITAL AND IDEOLOGY
by Thomas Piketty translated by Arthur Goldhammer

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TOP INCOMES IN FRANCE IN THE TWENTIETH CENTURY
by Thomas Piketty & translated by Seth Ackerman

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The author's youthfulness helps to assure the inevitable comparison with the Anne Frank diary although over and above the...

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NIGHT

by Elie Wiesel & translated by Marion Wiesel ‧ RELEASE DATE: Jan. 16, 2006

Elie Wiesel spent his early years in a small Transylvanian town as one of four children.

He was the only one of the family to survive what Francois Maurois, in his introduction, calls the "human holocaust" of the persecution of the Jews, which began with the restrictions, the singularization of the yellow star, the enclosure within the ghetto, and went on to the mass deportations to the ovens of Auschwitz and Buchenwald. There are unforgettable and horrifying scenes here in this spare and sombre memoir of this experience of the hanging of a child, of his first farewell with his father who leaves him an inheritance of a knife and a spoon, and of his last goodbye at Buchenwald his father's corpse is already cold let alone the long months of survival under unconscionable conditions.

The author's youthfulness helps to assure the inevitable comparison with the Anne Frank diary although over and above the sphere of suffering shared, and in this case extended to the death march itself, there is no spiritual or emotional legacy here to offset any reader reluctance.

Pub Date: Jan. 16, 2006

ISBN: 0374500010

Page Count: 120

Publisher: Hill & Wang

Review Posted Online: Oct. 7, 2011

Kirkus Reviews Issue: Jan. 15, 2006

Categories: BIOGRAPHY & MEMOIR | HOLOCAUST | HISTORY | GENERAL BIOGRAPHY & MEMOIR | GENERAL HISTORY

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FILLED WITH FIRE AND LIGHT
by Elie Wiesel ; edited by Alan Rosen

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THE TALE OF A NIGGUN
by Elie Wiesel ; illustrated by Mark Podwal

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NIGHT
by Elie Wiesel ; translated by Marion Wiesel

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Thus the second most costly war in American history, whose “outcome seemed little short of a miracle.” A sterling account.

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1776

by David McCullough ‧ RELEASE DATE: June 1, 2005

A master storyteller’s character-driven account of a storied year in the American Revolution.

Against world systems, economic determinist and other external-cause schools of historical thought, McCullough (John Adams, 2001, etc.) has an old-fashioned fondness for the great- (and not-so-great) man tradition, which may not have much explanatory power but almost always yields better-written books. McCullough opens with a courteous nod to the customary villain in the story of American independence, George III, who turns out to be a pleasant and artistically inclined fellow who relied on poor advice; his Westmoreland, for instance, was a British general named Grant who boasted that with 5,000 soldiers he “could march from one end of the American continent to the other.” Other British officers agitated for peace, even as George wondered why Americans would not understand that to be a British subject was to be free by definition. Against these men stood arrayed a rebel army that was, at the least, unimpressive; McCullough observes that New Englanders, for instance, considered washing clothes to be women’s work and so wore filthy clothes until they rotted, with the result that Burgoyne and company had a point in thinking the Continentals a bunch of ragamuffins. The Americans’ military fortunes were none too good for much of 1776, the year of the Declaration; at the slowly unfolding battle for control over New York, George Washington was moved to despair at the sight of sometimes drunk soldiers running from the enemy and of their officers “who, instead of attending to their duty, had stood gazing like bumpkins” at the spectacle. For a man such as Washington, to be a laughingstock was the supreme insult, but the British were driven by other motives than to irritate the general—not least of them reluctance to give up a rich, fertile and beautiful land that, McCullough notes, was providing the world’s highest standard of living in 1776.

Thus the second most costly war in American history, whose “outcome seemed little short of a miracle.” A sterling account.