French Economist Thomas Piketty's Capital in 21st Century, a best-seller book about global inequality, has brought storm into the realm of Economics. My cousin recommended me this book in Feb. But until now I have merely gone through the book(it has over 600 pages). Many chapters are very academic and read like a textbook. One can jolly well use it as a sleeping pill. :)
Well, what is this book about?
Piketty started to explore the economic inequality issue since Industrial Revolution. In 18th and 19th centuries in Europe, the society was highly unequal: wealth was concentrated in the few hands of rich families sitting on top of a rigid class structure. This system persisted, even as workers' wages increased over the centuries, and reached its peak in the beginning of 20th century right before WW I. After then, the two World Wars and Great Depression disrupted the ...