A Brief History of Equality
Hardcover edition
AuthorThomas Piketty
Original titleUne breve histoire de l'égalité
TranslatorSteven Rendall
SubjectsPolitical economy, economic history, economic equality, macroeconomics
Publisher
Publication date
2021
Published in English
April 19, 2022
Media typePrint (hardback)
Pages288
ISBN9780674273559

A Brief History of Equality is a non-fiction book by the French economist Thomas Piketty translated by Steven Rendall from the original 2021 Une brève histoire de l'égalité,[1] about wealth redistribution,[2] in which Piketty describes why he is optimistic about the future.[3]

Overview

In this 288-page book targeting an audience of citizens, not economists, Piketty summarizes his two previous books, his 2014 696-page Capital in the Twenty-First Century[4] and his 2019 1150-page book Capital and Ideology.[5][6] In Capital, Piketty said that a possible remedy for inequality lay in a "global tax on wealth".[7] In A Brief History, he developed the concept of a progressive increase in the tax on the wealthy.[6]

Reviews

In her Financial Times' review, economist Diane Coyle said that in A Brief History, Piketty advocates for politico-economic change to reduce inequalities but does not describe practical solutions for achieving that goal.[8]

The Literary Review described the book as "an activist's history"—a manifesto as well as an overview of the past.[9]

In his review in the Wall Street Journal, Tunku Varadarajan, a fellow of the American Enterprise Institute (AEI), said that he doubts that—without capitalism—the erosion of inequality and developments in economics and technology that Piketty described could have happened.[10]

While Piketty did not make predictions about the future, his work—which also includes his previous publications such as Capital in the Twenty-First Century—is "partly responsible" for the move away from the "hypercapitalism" of the twenty-first century, according to Columbia Journalism School's Nicholas Lemann in his New York Times review.[11]

Piketty condensed twenty years of his research into 300 pages with the goal of making it more accessible to a wider readership than Capital in the Twenty-First Century, according to Antoine Reverchon in his Le Monde book review. Reverchon said that Piketty's effort was worthwhile at a time when the left is mindlessly attempting to bring too many issues together under the same umbrella—"environmentalism, reformism, feminism, post-colonialism, anti-capitalism". Piketty calls for the state to increase access to quality health care, education, employment through the progressive implementation of taxation on the most wealthy. He also called for a "decommodification" of certain sectors that have become privatized including education, health, transport and energy. Piketty recognizes the real and historic fears of Soviet socialism and central planning—his socialism is participatory.[6]

References

  1. ^ Piketty, Thomas (2022). A Brief History of Equality. Belknap Press. p. 288. ISBN 9780674273559.
  2. ^ "Thomas Piketty Thinks America Is Primed for Wealth Redistribution". The New York Times. The Money Issue. April 3, 2022. Retrieved April 22, 2022.
  3. ^ Eaton, George (March 23, 2022). "Why Thomas Piketty is optimistic about the left's future". New Statesman. Retrieved April 22, 2022.
  4. ^ Piketty, Thomas (2014) [2013]. Capital in the Twenty-First Century. Éditions du Seuil and Harvard University Press. p. 696. ISBN 978-0674430006.
  5. ^ Piketty, Thomas (2020) [2019]. Capital and Ideology. Éditions du Seuil and Harvard University Press. p. 1150. ISBN 978-2-02-133804-1.
  6. ^ a b c Reverchon, Antoine (September 3, 2021). "'Une brève histoire de l'égalité' ou comment poursuivre la réduction des inégalités". Le Monde. Retrieved April 22, 2022.
  7. ^ "Mind the Gap: Anthony Atkinson, the godfather of inequality research, on a growing problem", The Economist, 6 June 2015, retrieved 7 June 2015
  8. ^ Coyle, Diane (April 12, 2022). "A Brief History of Equality — the newly optimistic Thomas Piketty". Financial Times. Retrieved April 22, 2022.
  9. ^ McMahon, Darrin M. (April 3, 2022). "Darrin M McMahon - Tomorrow Belongs to Us". Literary Review. Retrieved April 22, 2022.
  10. ^ Varadarajan, Tunku (April 8, 2022). "'A Brief History of Equality' Review: Flattening the Wealth Curve". Wall Street Journal. ISSN 0099-9660. Retrieved April 22, 2022.
  11. ^ Lemann, Nicholas (April 19, 2022). "Thomas Piketty's Radical Plan to Redistribute Wealth". The New York Times. ISSN 0362-4331. Retrieved April 22, 2022.
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