Capital in the 21st Century by Thomas Picketty

Have an interest in economics? If so, then Capital in the 21st Century is probably a good book for you to check out.

This epic, modern study of economics, written by French economist Thomas Picketty, is one of the best layman’s books on economics to come out in the last several decades.

Picketty takes a holistic approach to the study of economics, and chides American academics for attempting to isolate the field to focus only on obscure mathematical formulas, without including references to other contemporaneous events, like socio-political conditions that can give rise to the economic trends of one’s age.

Taking this approach, Picketty is able to come up with a unique and quite interesting perspective on why our economy functions the way it does, and what that means for the future.

Don’t let the description of the book as a “layman’s work” imply it is toned down, however. He deals with a number of very complex topics, but explains them in a clear and concise manner.

Watch the video below for a glimpse into Picketty’s philosophies with this TED Talk.

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