Contents
Introduction 1 Capital in the Twenty-First Century, Three Years Later 1 J. Bradford DeLong, Heather Boushey, and Marshall Steinbaum
I. Reception 1. The Piketty Phenomenon 27 Arthur Goldhammer 2. Thomas Piketty Is Right 48 Robert M. Solow 3. Why We’re in a New Gilded Age 60 Paul Krugman
II. Conceptions of Capital 4. What’s Wrong with Capital in the Twenty-First Century’s Model? 75 Devesh Raval 5. A Political Economy Take on W / Y 99 Suresh Naidu 6. The Ubiquitous Nature of Slave Capital 126 Daina Ramey Berry 7. Human Capital and Wealth before and afterCapital in the Twenty-First Century 150 Eric R. Nielsen 8. Exploring the Effects of Technology on Income and Wealth Inequality 170 Laura Tyson and Michael Spence 9. Income Inequality, Wage Determination, and the Fissured Workplace 209 David Weil
III. Dimensions of Inequality 10. Increasing Capital Income Share and Its Effect on Personal Income Inequality 235 Branko Milanovic Contents
11. Global Inequality 259 Christoph Lakner 12. The Geographies ofCapital in the Twenty-First Century: Inequality, Political Economy, and Space 280 Gareth A. Jones 13. The Research Agendaafter Capital in the Twenty-First Century 304 Emmanuel Saez 14. Macro Models of Wealth Inequality 322 Mariacristina De Nardi, Giulio Fella, and Fang Yang 15. A Feminist Interpretation of Patrimonial Capitalism 355 Heather Boushey 16. What Does Rising Inequality Mean for the Macroeconomy? 384 Mark Zandi 17. Rising Inequality and Economic Stability 412 Salvatore Morelli
IV. The Political Economy of Capital and Capitalism 18. Inequality and the Rise of Social Democracy: An Ideological History 439 Marshall I. Steinbaum 19. The Legal Constitution of Capitalism 471 David Singh Grewal 20. The Historical Origins of Global Inequality 491 Ellora Derenoncourt 21. Everywhere and Nowhere: Politics in Capital in the Twenty-First Century 512 Elisabeth Jacobs
V. Piketty Responds 22. Toward a Reconciliation between Economics and the Social Sciences 543 Thomas Piketty
Notes 567 Acknowledgments 660 Index 661
viii AFTER PIKETTY