Capital ideas a book review

Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In Capital in the Twenty-First Century, Thomas Piketty analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns.

Capital ideas a book review

That said, it did not impact my review.

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One of the interesting things about this book, is that the author is a decided capitalist. It would be one thing to read a criticism of capitalism written by a Marxist. But in this case, the author has been a successful investment advisor featured prominently in the media over the last couple of decades.

The book is written by a dedicated capitalist, who seems to be legitimately disenfranchised with what our economic system has become. And there are many of them.

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Some of the topics covered include: Why Wall Street has largely become a short-term focused casino. The various conflicts of interest that exist in the financial services industry.

The high-fees brokers and bankers often push on their clients. And much, much more… The book accurately critiques a variety of things that have gone wrong with our modern form of capitalism.

It really is a lament. To some degree, I think this latter piece indicates the problems on Wall Street are relatively persistent, and not necessarily something new.

Capital ideas a book review

So there are lots of contemporary examples that make the book interesting and relevant. For his role actively managing money, Faust also has numerous awards and accolades. So why does all this matter?

To be honest, given the credentials of the author, I take the criticisms of the book much more seriously. It would be easy for someone outside the system to throw stones. But for someone to have been so successful in an environment, only to turn around and objectively criticize it is very interesting.

The book rightly shines a light on the fact hat most individual investors are getting fleeced. And I also realize that the book is titled a lament. So in some regards, this slight criticism might not even be warranted. But as a reader, I would have appreciated a little more focus on potential solutions.

To that end, the book does have some recommendations on next steps and questions to ask of your investment advisors and product dealers. I think this kind of information is very helpful, and I would have appreciated it if some of these ideas were sprinkled throughout the book a little more.

Overall though, I really did enjoy the approach in this book.Capital in the Twenty-First Century is a book by French economist Thomas focuses on wealth and income inequality in Europe and the United States since the 18th century. It was initially published in French (as Le Capital au XXIe siècle) in August ; an English translation by Arthur Goldhammer followed in April The book's central thesis is that when the rate of return.

Can the EM rally roll on? New World Fund manager’s outlook is upbeat. Chris Thomsen. Equity Portfolio Manager Some look expensive on a price-to-book basis but have generated superior returns and still appear to have the opportunity to gain market share from the public sector banks.

Get Capital Ideas delivered to your inbox Sign . It is the economics book that took the world by storm. Capital in the Twenty-First Century, written by the French economist Thomas Piketty, was published in French in and in English in March.

So my review for Capital (the English translation) are not combining with Das Kapital, basically meaning my review -- such as it is -- has not shown up for most of the editions on Goodreads.

So, again, I now have two review entries for the same book/5. CAPITAL IDEAS. Capital Ideas traces the origins of modern Wall Street, from thepioneering work of early scholars and the development of newtheories in risk, valuation, and investment returns, to the actualimplementation of these theories in the real world of investmentmanagement.

Jun 08,  · Bernstein’s last book, “Capital Ideas Evolving,” published two years ago, was an attempt (more successful than not) at incorporating some of the ideas of behavioral finance into the broader efficient market theory championed by the likes of Mr.

Markowitz and Eugene Fama of the University of Chicago.

Capital & Class - Volume 41, Number 3, Oct 01,