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55 pages 1 hour read

Thomas Piketty, Arthur Goldhammer

Capital in the Twenty First Century

Nonfiction | Book | Adult | Published in 2014

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Index of Terms

Capital

Capital is all the non-human, tradeable assets owned by a person. This includes land, real estate, and stocks and shares. For Piketty, capital is synonymous with wealth and contrasted with income.

Capital/income ratio

The size of the stock of accumulated wealth relative to the flow of income. A high capital/income ratio implies a society dominated by past wealth.

Centile

One hundredth, or one percent, of a population or group.

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