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The English version of Das Kapital 21st century
!e distribution of wealth is one of today’s most widely discussed and controversial issues. But what do we really know about its evolution over the long
term? Do the dynamics of private capital accumulation inevitably lead to the
concentration of wealth in ever fewer hands, as Karl Marx believed in the
nineteenth century? Or do the balancing forces of growth, competition, and
technological progress lead in later stages of development to reduced in e quality and greater harmony among the classes, as Simon Kuznets thought in the
twentieth century? What do we really know about how wealth and income
have evolved since the eigh teenth century, and what lessons can we derive
from that knowledge for the century now under way?
!ese are the questions I attempt to answer in this book. Let me say at
once that the answers contained herein are imperfect and incomplete. But
they are based on much more extensive historical and comparative data than
w e r e

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The English version of Das Kapital 21st century