Capital in the Twenty-First Century by Thomas Piketty

This book provides a comprehensive analysis of the dynamics of capital accumulation and distribution over the last few centuries. The author argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, leading to high levels of wealth inequality. The book further suggests that the level of income inequality is not primarily a result of differences in individual labor income but rather the result of differences in capital ownership and the income derived from it. The author proposes a global tax on wealth to prevent soaring inequality.

The 6884th greatest book of all time

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Total Points: 155

Since this book was first published in 2013, there is a penalty of 62.4%. The age adjusted score is 58.28.

This is to prevent newer books from reaching super high on the ranked list of the greatest books of all time. The greatest books should also stand the test of time.