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Critical notes on Thomas Pikettys The Capital in the XXI Century

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  • Rosa Maria Marques
  • Marcel Guedes Leite

Abstract

This article aims to analyze some aspects of the latest book by Thomas Piketty, "Capital in the Twenty-First Century" from a Marxist point of view. The relationships that underlie his long-term analysis of the unequal distribution of income and wealth are addressed, his concepts of capital and long-term, as well as his interpretation of Marx's thought. The article also raised some problems in his database. The analysis takes as its starting point the critic ism made by some renowned Marxist authors such as Michel Husson, David Harvey and Yanis Varoufakis, as well as Robert Boyer. Among the conclusions, it is highlighted the fact that Piketty’s study is the ortically poorly grounded. JEL Classification: B51; O15; P16.

Suggested Citation

  • Rosa Maria Marques & Marcel Guedes Leite, 2016. "Critical notes on Thomas Pikettys The Capital in the XXI Century," Brazilian Journal of Political Economy, Center of Political Economy, vol. 36(4), pages 684-703.
    • Handle: RePEc:ekm:repojs:v:36:y:2016:i:4:p:684-703:id:202
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    Keywords

    Thomas Piketty; inequality; distribution of income and wealth; capitalism;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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