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.  From reviews of Capital in the Twenty-First Century THOMAS “ e most important economics book of the year—and maybe of the decade.” —PAUL KRUGMAN, New York Times PIKETTY “Piketty’s economic analysis and historical proofs are breathtaking.” R —ROBERT B. REICH, Guardian JOEL SAGET/AFP VIA GETTY IMAGES JOEL SAGET/AFP “A book that nobody interested in a dening issue of our era can aord to ignore.” CAPITAL CAPITAL —JOHN CASSIDY, New Yorker THOMAS PIKETTY’S bestselling Capital in the Twenty-First “[Piketty] is now the most talked-about economist on the planet.” AND Century galvanized global debate about inequality. In —RANA FOROOHAR, Time this audacious follow-up, Piketty challenges us to revo- lutionize how we think about politics, ideology, and his- tory. He exposes the ideas that have sustained inequality for the past millennium, reveals why the shallow poli- Early acclaim for Capital and Ideology tics of right and le are failing us today, and outlines the IDEOLOGY structure of a fairer economic system. “ omas Piketty’s magisterial global and connected history takes us on a whirl- Our economy, Piketty observes, is not a natural fact.

wind journey across the world during the past  years to show how shiing Markets, prots, and capital are all historical constructs AND ideas and politics have shaped a wide variety of inequality regimes. Fully em- that depend on choices. Piketty explores the material bracing the power of historical analysis, Capital and Ideology emboldens us to and ideological interactions of conicting social groups THOMAS PIKETTY is Director of Studies at L’École des reimagine what is possible today. Enormously rich in argument and evidence, R that have given us slavery, serfdom, colonialism, com- Hautes Études en Sciences Sociales and Professor at the this tour de force by one of the most inuential thinkers of our age is a must-read

IDEOLOGY munism, and hypercapitalism, shaping the lives of bil- Paris School of Economics. He is the author of Capital for anyone grappling with the dilemmas of our present.” lions. He concludes that the great driver of human in the Twenty-First Century. —SVEN BECKERT, author of Empire of Cotton: A Global History progress over the centuries has been the struggle for equality and education and not, as oen argued, the sa- “ A book of remarkable clarity and dynamism. Drawing lessons from a breathtak- cralization of property rights or the pursuit of stability. ing survey of dierent historical experiences, it teaches us that nothing is inevi- T HOMAS e new era of extreme inequality that has derailed that table, that there exist a whole range of possibilities between hypercapitalism and progress since the s, he shows, is partly a reaction the disasters of the communist experience. It’s up to us to make our future. Let’s against communism, but it is also the fruit of ignorance, roll up our sleeves.” intellectual specialization, and our dri toward the —ESTHER DUFLO, Nobel Laureate in Economic Sciences dead-end politics of identity. Once we understand this, we can begin to envision “ Might become even more politically inuential than . . . Capital in the Twenty- a more balanced approach to economics and politics.

PIKETTY First Century.” Piketty argues for a new “participatory” socialism, a sys- —SIMON KUPER, Financial Times tem founded on an ideology of equality, social proper- THE BELKNAP PRESS OF Author of the 1 New York Times Bestseller ty, education, and the sharing of knowledge and power. HARVARD UNIVERSITY PRESS Capital in the Twenty-First Century Capital and Ideology is destined to be one of the indis- pensable books of our time, a work that not only will hup.harvard.edu help us understand the world, but will change it. TRANSLATED BY ARTHUR GOLDHAMMER JACKET DESIGN: GRACIELA GALUP

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