Quiddity

  The Quid on   Capital In The 21 st  Century   Book Author: Thomas Piketty     Preview  The rich are getting richer while the poor are slipping further into poverty. Thomas Piketty, in his book Capital in the 21st Century, which focuses on the inequality in the developed world, tries to provide an integrated explanation for this phenomenon, through a unified theory of inequality. It contains empirical data to prove that inequality has been steadily rising, and will continue to do so.    About the Author  Thomas Piketty is a French economist who teaches at the Paris School of Economics. His work focuses on wealth and income inequality. In a recent research paper that he co-authored with a colleague at the Paris School of Economics, he indicated that the inequality in India, too, is at the highest level ever with the top 1% population pocketing 22% of national income.  What to expect? The growing evil of inequality  While income...

An Enquiry into the Nature and Causes of the Wealth of Nations By Adam Smith Introduction & Context An Enquiry into the nature and causes of the wealth of nations, often known by its shorter name “The Wealth of Nations,” is the seminal work of Adam Smith. Published in 1776, it is perhaps the most well-known book in classical economics and influenced economists and policymakers across the globe. The book is a critique of the mercantile system that governed economic policy in Great Britain during Smith's time. It explains how the obsession of mercantile groups over precious metals as wealth is wrong, and how the real wealth of a nation is the flow of goods and services which a nation creates. The book throws light upon topics such as: the division of labour, productivity, free markets, and the mercantile system. About the Author Adam Smith is one of the most well-known economists of all time. He is considered to be the founder of the free market economy. His magnum opus ...