Alan Ryan

A Tax on Both Your Houses

Capital in the Twenty-First Century

By

Harvard University Press/The Belknap Press 685pp £29.95 order from our bookshop

In the 19th century, tsarist censors banned John Stuart Mill’s On Liberty while letting through Karl Marx’s Das Kapital. Mill’s message was so lucidly expressed that it posed an obvious and immediate threat to the regime; Marx’s prose was clotted and convoluted and his economics littered with leftovers from his youthful enthusiasm for Hegel. Thomas Piketty’s Capital in the Twenty-First Century shares its title with Marx’s work but its argumentative verve with Mill’s, and it has been a runaway bestseller in the United States. In spite of the efforts of conservative American economists to persuade their readers that anyone who raises questions about inequalities of income and wealth must be a Marxist, Piketty has no time whatsoever for Marx.

Sign Up to our newsletter

Receive free articles, highlights from the archive, news, details of prizes, and much more.

Follow Literary Review on Twitter

  • Last Tweets

    • 'Although he travels through time and space to find the best produce, his choices, delightfully, are not obvious.'… ,
    • RT : I regularly make purchases based on - it’s excellent.,
    • RT : I wrote about Yoko Ogawa's dreamlike, allegorical novel The Memory Police, newly published in English in a translat… ,
    • 'At this frankly apocalyptic moment for indigenous rights in Brazil, John Hemming’s "People of the Rainforest" is a… ,
    • 'I was dumbfounded by the view of the Berlin Wall from the eastern side. It seemed inconceivable that in under thre… ,
    • RT : Danger for ‘local’ staff, access in exchange for silence (and logos) - all sounds familiar in this fascinating look… ,
    • 'He has long been eclipsed by Vermeer, though his interiors are arguably more ambitious.' David Gelber on the Dutc… ,