![]() The book's central thesis is that when the rate of return on capital ( r) is greater than the rate of economic growth ( g) over the long term, the result is concentration of wealth, and this unequal distribution of wealth causes social and economic instability. ![]() It was initially published in French (as Le Capital au XXIe siècle) in August 2013 an English translation by Arthur Goldhammer followed in April 2014. It focuses on wealth and income inequality in Europe and the United States since the 18th century. Capital in the Twenty-First Century ( French: Le Capital au XXIe siècle) is a book written by French economist Thomas Piketty. ![]()
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