<The "gist" translator complete description of the book that shook the world> "Thomas Piketty" 21 century of capital can be seen in 5 minutes "<Read the global bestseller>" supervision, Hiroo Yamagata, statement-Shogakukan SAPIO editorial department , together Midorikawa Washu January 11, 2015
New Year, the new book corner of major bookstores, this is an economy of technical books in the Taisho of 700 pages more than (normal and if mojikumi 1000 page super-Japanese translation version.) Have been stacked Zurarito flat - "21 century of capital "(Thomas Piketty al., Hiroo Yamagata, other translation, Misuzu Shobo published) is.
The French version of the original has been released in August 2013. When the English version will be released in next April, soon to become 50 million copies of the best-selling in the United States, was supposed to be translated in 35 countries around the world (including the schedule). He also appeared in the Japan finally is "once the breakthrough is written in '10" (Japanese translator Yamagata Mr.). The "gist" of Taisho 700 pages based on the cooperation of Hiroo Yamagata Mr. and Shogakukan SAPIO editing section, the gist of the contents can be seen in 10 minutes and was described in Q & A format.
<Q1 Why, of this book is so much become a hot topic? >
A1 In a conventional modern economics "wealth if development is capitalism spreads to many people, gap towards the nature eliminated with nature" idea that was common sense. In contrast, if you do not do anything, disparities where it was to expand rather than be eliminated there was a novelty to overturn the conventional wisdom. Especially as "occupation case the Wall Street" movement is symbolic, though inequality becomes a big agenda, because claims of this book was shocking. In addition, the Americans seem to indicate the disappearance of the American Dream that can succeed in the effort and personal talent it was shock.
<The most points in Q2 this book? >
A2 historically Look between the wealthy and the general workers, such as capitalists there is always economic disparities, the future continues its trend, the biggest claim is that. So become a point, it is theorem that is Written to cover "r> g". r in the "rate of return on capital", real estate or stock, that the rate of revenue born from any such debt "assets". g the "economic growth", in other words that the rate of increase in income obtained by labor. Sometimes referred to as "r> g" means that the "rate of return on capital r is higher than the economic growth rate g". Economic disparity of capitalists and workers when the theorem holds to enlarge.
Piketi is to guess the rate of return on capital r and economic growth rate g of up to modern from AD 0 years, we expect the r and g up to 2010. r is 5 percent from 4 percent stand consistently, g has been reached in the second half of the 20th century to 3 · 5% to 4%, Historically and it is an exception, is 2% most of the time . In other words, the rich are seen more and more wealth, the poor person is that increasingly poor.
<Q3 "r> assertion other than g"? >
A3 gap "r> g" is had one time period which is reduced, as described above, it is only exception. To narrow the gap there is a need for political policy, it is two.
<Q4 Why became so thick book? >
A4 handle data because it is huge. Piketi and their co-workers, over 15 years and 19 century have collected data on more than 20 countries of the income from the (1870) up to the present, the more persistent "gap between the rich and the poor do not shrink forever , rich is seen further wealth, I have proven that the poor become more poor. "
<Q5 why economic disparities expansion? >
When the A5 real estate and stock, the rate of revenue comes from all assets such as bonds (r) is large, wealthy, you can enlarge it further assets based on its revenue.
On the other hand, economic growth rate (g) because it is the growth rate of national income, growth in labor income of the general had and it is small will be smaller.
<Q6 is the rationale? >
A6 does not have a clear rationale shown, Piketi has demonstrated proven on the basis of the data described above. Piketi longer span up to it, research examples demonstrated for the disparity on a large scale is not in the past, there is a great significance.
<Reason that "Le Père Goriot" has been featured in the Q7 Balzac? >
(In 1835 work, the Paris of the 1819 stage) A7 "Le Père Goriot" that young man who tries to Noshiagaro In the upper class, to act as a lawyer with the (labor income), to marry the daughter of capitalist (capital acquisition), I will trouble to either is good. Piketi analyzes the time of data, towards the capital acquisition I have concluded that there was greater than labor income.
<What is read from Q8 billionaires ranking? >
A8 of economic inequality, the gap between rich and poor, to stop those who are kicking in more wealth, it is that.
<Someday and exceptional time to Q9 disparity was towards the reduction? >
A9 20 century two world wars that happened mid from early and it is time of the Great Depression. Until the early 1970s, which was revived from there. Assets of wealthy is lost by the Great Depression, (decrease of r) taxation is enhanced for the wealthy for war procurement On the other hand, it is from the continued economic growth for the post-war reconstruction (rise of g).
<Q10 now, why are again toward the gap is widening? >
A10 American Reagan administration, the United Kingdom of Thatcher regime was born, and take the neo-liberal economic policy, tax is abolished, which is suppressing the expansion of the gap, it has been relaxed. Began to be and one after another wealthy "super managers" in the United States. Although it is only 1%. So, I 99% of the poor.
<Q11 Is it written about Japan? >
A11 United Kingdom, France, the United States is taken up in the center, but mention of Japan is limited, Japan is the world Similarly, data that "capital / income ratio" is higher has been shown. In addition to the low growth, because the decrease population will significantly, meaning increases with the wealth of hereditary, and. It has been suggested that toward the widening gap.
<How do I have written about China image of Q12 disparity society is strong? >
A12 China on the data, surprisingly income gap also is not very violently. Percentage of top 1% of income in GDP, but in the United States is about 20%, in China is about 11% (2010). However the case of China, because there is a problem with the credibility of the data, you may need to receive carefully.
<And should I How can to eliminate the Q13 disparity? >
A13 Piketi in the world political policy, we have proposed a progressive tax on the wealthy. Because If you do only one countries capital escapes to the Low Countries and tax Haven tax rate (tax havens), there is no effect. Then, when the progressive taxation in cooperation all over the world. Piketi itself, implementation is not easy, and I am looking at, at the same time, given that the Swiss bank in the United States of pressure began to disclose customer information, it says it is also not altogether impossible.
<Q14 is but title that reminds the "Capital" of Marx, whether Piketi is a Marxist? >
A14 from American conservatives have been affixed such a label. But it is not a Marxist. In response to the interview then you have revealed that it has not read through the "Kapital", there is also criticism that from leftist wrong Marx's interpretation.
<What not Q15 opposite theory? >
A15 Paul Krugman While Joseph Stiglitz, Nobel Prize in Economics winners such as Robert Solow has praised the book, in the Financial Times and the Clinton administration at the time Secretary of the Treasury, big shot of the original Harvard University president economist Lawrence Summers et al. but, I have been criticized for not fact that concentrated wealth as claims of Piketi. Government are often agree with Keynes economists to think that he should intervene in the market, intervention in the market seems there are many objections from the neo-liberal economic school that should be eliminated.