From Capital In 21 Century: Book Analysis
From Capital in the Twenty-First Century to Chinese economic
After reading the book named Capital in 21 centuries, which written by Thomas Piketty and be called as the most important economics book of the year—and maybe of the decade. In this book, he focused on the wealth and income inequality, and wealth inequality can be summed up by r (return on capital, includes profits, dividends, interest, rents and other income from capital) > g(economic growth, which measured in income or output.). In his method, income inequality as A characteristic of capitalism, and only by state intervention to reverse.
From my point of view, as a Chinese student, I agree with most of his theory. I want to use this book to talk about Chinese economic.
Income inequality is a big problem in the world, especially for China, the country containd by 14* population. I will start it with this book. Piketty said “The sharp reduction in income inequality that we observe in almost all the rich countries between 1914 …show more content…
[4] From a certain level, income inequality has allowed China to form many levels of fault. A large part of the increase in the gap between the rich and the poor can be attributed to the general urban-rural differentiation, especially urban and rural income differentiation. The city also exists between the problem. And because of the gap between the rich and the poor, knowledge and understanding of the economic law of the landlords under the land reform has become a minority, and the first to get rich most of the people is not due to knowledge accumulation, but due to physical labor, leading to China A lot of social problems. Such as medical trouble, Putian Hospital and so
After reading the book named Capital in 21 centuries, which written by Thomas Piketty and be called as the most important economics book of the year—and maybe of the decade. In this book, he focused on the wealth and income inequality, and wealth inequality can be summed up by r (return on capital, includes profits, dividends, interest, rents and other income from capital) > g(economic growth, which measured in income or output.). In his method, income inequality as A characteristic of capitalism, and only by state intervention to reverse.
From my point of view, as a Chinese student, I agree with most of his theory. I want to use this book to talk about Chinese economic.
Income inequality is a big problem in the world, especially for China, the country containd by 14* population. I will start it with this book. Piketty said “The sharp reduction in income inequality that we observe in almost all the rich countries between 1914 …show more content…
[4] From a certain level, income inequality has allowed China to form many levels of fault. A large part of the increase in the gap between the rich and the poor can be attributed to the general urban-rural differentiation, especially urban and rural income differentiation. The city also exists between the problem. And because of the gap between the rich and the poor, knowledge and understanding of the economic law of the landlords under the land reform has become a minority, and the first to get rich most of the people is not due to knowledge accumulation, but due to physical labor, leading to China A lot of social problems. Such as medical trouble, Putian Hospital and so