Why Save the Bankers?: And Other Essays on Our Economic and Political Crisis

Why Save the Bankers And Other Essays on Our Economic and Political Crisis Incisive commentary on the financial meltdown and its aftermath from the author of the bestselling global phenomenon Capital in the Twenty First Century Thomas Piketty s work has proved that unfetter

  • Title: Why Save the Bankers?: And Other Essays on Our Economic and Political Crisis
  • Author: Thomas Piketty Seth Ackerman
  • ISBN: 9780544663329
  • Page: 263
  • Format: Hardcover
  • Incisive commentary on the financial meltdown and its aftermath, from the author of the bestselling global phenomenon Capital in the Twenty First Century Thomas Piketty s work has proved that unfettered markets lead to increasing inequality Without meaningful regulation, capitalist economies will concentrate wealth in an ever smaller number of hands Armed with this knowlIncisive commentary on the financial meltdown and its aftermath, from the author of the bestselling global phenomenon Capital in the Twenty First Century Thomas Piketty s work has proved that unfettered markets lead to increasing inequality Without meaningful regulation, capitalist economies will concentrate wealth in an ever smaller number of hands Armed with this knowledge, democratic societies face a defining challenge fending off a new aristocracy For years, Piketty has wrestled with this problem in his monthly newspaper column, which pierces the surface of current events to reveal the economic forces underneath Why Save the Bankers brings together selected columns, now translated and annotated, from the period book ended by the September 2008 collapse of Lehman Brothers and the Paris attacks of November 2015 In between, writing from the vantage point of his native France, Piketty brilliantly decodes the European sovereign debt crisis, an urgent struggle against the tyranny of markets that bears lessons for the world at large And along the way, he weighs in on oligarchy in the United States, wonders whether debts actually need to be paid back, and discovers surprising lessons about inequality by examining the career of Steve Jobs Coursing with insight and flashes of wit, these brief essays offer a view of recent history through the eyes of one of the most influential economic thinkers of our time.

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      Published :2019-04-02T18:35:22+00:00

    About "Thomas Piketty Seth Ackerman"

    1. Thomas Piketty Seth Ackerman

      Thomas Piketty French t ma pik ti born May 7, 1971 is a French economist who works on wealth and income inequality He is the director of studies at the cole des hautes tudes en sciences sociales EHESS and professor at the Paris School of Economics He is the author of the best selling book Capital in the Twenty First Century 2013 , which emphasizes the themes of his work on wealth concentrations and distribution over the past 250 years The book argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, and that this will cause wealth inequality to increase in the future To address this problem, he proposes redistribution through a global tax on wealth.Piketty was born on May 7, 1971, in the Parisian suburb of Clichy He gained a C stream scientific Baccalaur at, and after taking scientific preparatory classes, he entered the cole Normale Sup rieure ENS at the age of 18, where he studied mathematics and economics At the age of 22, Piketty was awarded his Ph.D for a thesis on wealth redistribution, which he wrote at the EHESS and the London School of Economics under Roger Guesnerie.After earning his PhD, Piketty taught from 1993 to 1995 as an assistant professor in the Department of Economics at the Massachusetts Institute of Technology In 1995, he joined the French National Centre for Scientific Research CNRS as a researcher, and in 2000 he became director of studies at EHESS.Piketty won the 2002 prize for the best young economist in France, and according to a list dated November 11, 2003, he is a member of the scientific orientation board of the association gauche, en Europe , founded by Michel Rocard and Dominique Strauss Kahn.In 2006 Piketty became the first head of the Paris School of Economics, which he helped set up He left after a few months to serve as an economic advisor to Socialist Party candidate S gol ne Royal during the French presidential campaign Piketty resumed teaching at the Paris School of Economics in 2007.He is a columnist for the French newspaper Lib ration, and occasionally writes op eds for Le Monde.In April 2012, Piketty co authored along with 42 colleagues an open letter in support of then PS candidate for the French presidency Fran ois Hollande Hollande won the contest against the incumbent Nicolas Sarkozy in May of that year.In 2013, Piketty won the biennial Yrj Jahnsson Award, for the economist under age 45 who has made a contribution in theoretical and applied research that is significant to the study of economics in Europe Piketty specializes in economic inequality, taking a historic and statistical approach His work looks at the rate of capital accumulation in relation to economic growth over a two hundred year spread from the nineteenth century to the present His novel use of tax records enabled him to gather data on the very top economic elite, who had previously been understudied, and to ascertain their rate of accumulation of wealth and how this compared to the rest of society and economy His most recent book, Capital in the Twenty First Century, relies on economic data going back 250 years to show that an ever rising concentration of wealth is not self correcting To address this problem, he proposes redistribution through a global tax on wealth.

    788 thoughts on “Why Save the Bankers?: And Other Essays on Our Economic and Political Crisis”

    1. Why Save the Bankers?: And Other Essays on Our Economic and Political Crisis, written by Thomas Piketty, is a collection of essays written during the financial crisis of 2008. Piketty is well known for his Capital in the Twenty-First Century, and this book presents a collectio0n of his essays and ideas on subjects such as debt-income ratios and central banking, topics well covered in his magnum opus. Topics in the book range from EU central banking policy to French political scandals perpetuated [...]


    2. The structure of this book really grabbed my attention. It took me a few sessions to become accustomed to the short staccato style essays that jumped from topic to topic. Once I became familiar with Piketty's writing style and essay structure, it became easier to grasp the main thesis of each piece and how one layered over the previous. Regardless of your politics, anyone who is serious about studying our current political and economic climates, should treat these essays as a unique opportunity [...]


    3. Thomas Picketty, of course, made a great splash with his serious work on economic inequality, The Economics of Inequality. This work by the French economist is actually a series of bagatelles, columns published in French media. The obvious analogy is Paul Krugman, a Nobel laureate in economics, who writes a column for the New York Times. Also, bagatelles as his product.Still, such works can be useful. In both cases, we have serious economists trying to explain issues to a wider audience than oth [...]


    4. I love this book. It challenged a lot of preconceived notions I had about free markets and it very systematically and logically identifies some of the flaws in classical economic doctrine in a way that isn't so much a critique as it is a deeper investigation of the fundamentals of a market economy. It's a good fair read for anyone interested in the topic of how and why markets work the way they do and how we can manipulate them. I only give it 4 stars though because you can tell there are points [...]


    5. What a stupid name for this collection of essays by economist Thomas Piketty. One would think it is an entire book of intensely ideological essays dedicated to rumination of whether we should have bailed out a corrupt financial industry. Instead, the reader is greeted with a series of opinion pieces written for a leftist French Magazine from 2008 - 2015. Written with both brevity and the authority given to a man whose career revolves around the study of capital as it pertains to major world powe [...]


    6. A series of selected columns Piketty wrote for a French journal from 2008 to 2015. He applies some of the lessons he drew in his big book to contemporary events in Europe. The good points are that these are brief, to the point, and gave me a European perspective that is hard to get in the USA.The bad point is that it is quite repetitious. I suppose he writes each column to be somewhat self-contained, so he can't assume you know what he thinks on a certain issue from a previous column. So I lost [...]


    7. 3/30/16 suggested by because I've read the author. From the book summary:"he weighs in on oligarchy in the United States, wonders whether debts actually need to be paid back, and discovers surprising lessons about inequality by examining the career of Steve Jobs."


    8. As a collection of short news articles, Piketty's "Why Save the Bankers?" is a quick read. His analysis of the economic situation of the EU from 2009-20015 is informative, but not overly academic. And his prognostications about the potential rise of the "radical right" have now come to fruition only a few years later.For those who follow technology news, Piketty's essays also set the stage for an understanding of the Ireland/Apple affair of late 2016, in which the EU intervened in Ireland's tax [...]


    9. Consists of newspaper columns published in France between 2005 and 2015. A lot of them deal with French and European politics (for example elections), and the columns are quite repetetive. The main themes are: there should be a progressive tax on the capital to combat the increasing inequality, and the euro zone should unite to avoid having high interest on national debt for some countries hold back growth.


    10. Thomas Piketty is obviously a good writer and a skilled economist. However, I read this before Capital In The 21st Century as a primer for his more daunting work and I've honestly gotta vouch that the 3-page essay structure doesn't really do him justice. If you really want to get into his work, just dive head-first into Capital.


    11. The bad: nothing in particular.The good: An interesting collection of essays that gives a lot of context on the subprime backlash. We see points of view that the public doesn't mostly consider and alternative explanations and additional context to things like austerity, the Greek crisis and much more. Interesting book.


    12. Thought this would be something more than just Piketty's already written editorials. Didn't bring any insight or cohesion to the thoughts of the essays.


    13. It kind of feels like I'm cheating to mark this as read because it's really just a rebranding of Chronicles (see this Q&A for an explanation of the differences) but I added this to my to-read shelf before I realised this and this one does have a few essays that Chronicles doesn't have so, whatever.It's a quick read. Probably not worth reading if you've already read Capital, but if you haven't, or if you just want to read more of Piketty's writing, I recommend you give this (or Chronicles) a [...]


    14. This collection of newspapers articles by Piketty is of course very different to Capital. As it comes from mainstream media it does not always try to justify it's sometimes strong opinions. But it is just Piketty saying his opinions on current politics in France. I did not find that I learnt very much of value. Although it could be a nice introduction to economics for someone who wants an easy disjointed read. It is also great that this book gets people talking about Piketty.


    15. The strength of this book is also its weakness: the fact that is a series of easily read news paper articles. The short articles are easy to read, consumable. But they are also repetitive and disjointed. As an easy entry into some of Piety's thought this collection is OK, but mostly it just leaves you wanting more.


    16. I have wanting to read some TP for a while now. But this was not the book to start with. First of all, it is not really a book but a collection of short editorials - which means that they are short, addressing current affairs now past (Greek debt, Obama stimulus, Sarkozy), relatively shallow, and maddeningly repetitive.


    17. 2.5 starsThere's no reason to read this if you've already read Capital but I'm glad smart people throughout the world continue to think and write about the worldwide impact of economic and income inequality. If this book keeps that in the forefront of people's minds, then more power to it.


    18. A compliment to Piketty's Captial, here is the 2008 financial crisis but from the European perspective. the best thing about this book is that it is composed of Piketty's columns from 2008-mid 2015 which makes the collection very digestible.


    19. Read this straight through on a plane. Don't do that. He gets very repetitive. It's best if you break it up. Also, you need to be really interested in European politics. I didn't know that going in.


    20. some interesting ideas about fixing the dysfunctional European economy; with the book being a compilation of commentaries, there is a lot of repetition, however


    21. The book is repetitive in its point to integrate fiscal & political policies in the Eurozone, which may have been delivered in maybe just 5 articles.



    22. This book is a collection of essays by a French economist. The essays cover the period of the last recession and his recommendations for improving the European economy.


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