Reading Capital in the Twenty-First Century: Thomas Piketty and political economy

This paper offers a radical political economy critique of Thomas Piketty’s Capital in the Twenty-First Century, drawing on heterodox economics and the social structure of accumulation (SSA) theory. We argue that the dynamics of inequality in capitalist systems cannot be fully explained at the level...

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Main Authors: David M. Kotz, Terrence McDonough, Cian McMahon
Format: Article
Language:English
Published: Association Recherche & Régulation 2020-01-01
Series:Revue de la Régulation
Subjects:
Online Access:https://journals.openedition.org/regulation/15525
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author David M. Kotz
Terrence McDonough
Cian McMahon
author_facet David M. Kotz
Terrence McDonough
Cian McMahon
author_sort David M. Kotz
collection DOAJ
description This paper offers a radical political economy critique of Thomas Piketty’s Capital in the Twenty-First Century, drawing on heterodox economics and the social structure of accumulation (SSA) theory. We argue that the dynamics of inequality in capitalist systems cannot be fully explained at the level of capitalism in general, or by supplementing such an account with reference to state policies or contingent events, but require attention to the specific institutional form of capitalism.
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institution Kabale University
issn 1957-7796
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publishDate 2020-01-01
publisher Association Recherche & Régulation
record_format Article
series Revue de la Régulation
spelling doaj-art-3f879349cbae4b959ef4729370dcba9c2025-01-30T14:26:41ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962020-01-012610.4000/regulation.15525Reading Capital in the Twenty-First Century: Thomas Piketty and political economyDavid M. KotzTerrence McDonoughCian McMahonThis paper offers a radical political economy critique of Thomas Piketty’s Capital in the Twenty-First Century, drawing on heterodox economics and the social structure of accumulation (SSA) theory. We argue that the dynamics of inequality in capitalist systems cannot be fully explained at the level of capitalism in general, or by supplementing such an account with reference to state policies or contingent events, but require attention to the specific institutional form of capitalism.https://journals.openedition.org/regulation/15525political economyinequalitysocial structure of accumulation (SSA) theory
spellingShingle David M. Kotz
Terrence McDonough
Cian McMahon
Reading Capital in the Twenty-First Century: Thomas Piketty and political economy
Revue de la Régulation
political economy
inequality
social structure of accumulation (SSA) theory
title Reading Capital in the Twenty-First Century: Thomas Piketty and political economy
title_full Reading Capital in the Twenty-First Century: Thomas Piketty and political economy
title_fullStr Reading Capital in the Twenty-First Century: Thomas Piketty and political economy
title_full_unstemmed Reading Capital in the Twenty-First Century: Thomas Piketty and political economy
title_short Reading Capital in the Twenty-First Century: Thomas Piketty and political economy
title_sort reading capital in the twenty first century thomas piketty and political economy
topic political economy
inequality
social structure of accumulation (SSA) theory
url https://journals.openedition.org/regulation/15525
work_keys_str_mv AT davidmkotz readingcapitalinthetwentyfirstcenturythomaspikettyandpoliticaleconomy
AT terrencemcdonough readingcapitalinthetwentyfirstcenturythomaspikettyandpoliticaleconomy
AT cianmcmahon readingcapitalinthetwentyfirstcenturythomaspikettyandpoliticaleconomy