{"id":"https://openalex.org/W1995680105","doi":"https://doi.org/10.1093/cje/beu031","title":"A note on Piketty's Capital in the Twenty-First Century","display_name":"A note on Piketty's Capital in the Twenty-First Century","publication_year":2014,"publication_date":"2014-08-26","ids":{"openalex":"https://openalex.org/W1995680105","doi":"https://doi.org/10.1093/cje/beu031","mag":"1995680105"},"language":"en","primary_location":{"id":"doi:10.1093/cje/beu031","doi":"https://doi.org/10.1093/cje/beu031","is_oa":false,"landing_page_url":"https://doi.org/10.1093/cje/beu031","pdf_url":null,"source":{"id":"https://openalex.org/S67103694","display_name":"Cambridge Journal of Economics","issn_l":"0309-166X","issn":["0309-166X","1464-3545"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Cambridge Journal of Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5027321623","display_name":"Robert Eric Rowthorn","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I241749","display_name":"University of Cambridge","ror":"https://ror.org/013meh722","country_code":"GB","type":"education","lineage":["https://openalex.org/I241749"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"R. Rowthorn","raw_affiliation_strings":["University of Cambridge"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Cambridge","institution_ids":["https://openalex.org/I241749"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5027321623"],"corresponding_institution_ids":["https://openalex.org/I241749"],"apc_list":{"value":3423,"currency":"GBP","value_usd":4514},"apc_paid":null,"fwci":26.3755,"has_fulltext":false,"cited_by_count":92,"citation_normalized_percentile":{"value":0.99432261,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":95,"max":100},"biblio":{"volume":"38","issue":"5","first_page":"1275","last_page":"1284"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.5365999937057495,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.5365999937057495,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10446","display_name":"Income, Poverty, and Inequality","score":0.44290000200271606,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10393","display_name":"Economic Growth and Productivity","score":0.005499999970197678,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/thomas-piketty","display_name":"Thomas Piketty","score":0.9629999995231628},{"id":"https://openalex.org/keywords/capital-in-the-twenty-first-century","display_name":"Capital in the Twenty-First Century","score":0.9940000176429749},{"id":"https://openalex.org/keywords/wealth-to-income-ratio","display_name":"wealth-to-income ratio","score":0.753000020980835},{"id":"https://openalex.org/keywords/capital-accumulation","display_name":"capital accumulation","score":0.593999981880188},{"id":"https://openalex.org/keywords/real-investment","display_name":"real investment","score":0.7570000290870667},{"id":"https://openalex.org/keywords/saving-behavior","display_name":"saving behavior","score":0.9179999828338623},{"id":"https://openalex.org/keywords/asset-prices","display_name":"asset prices","score":0.9539999961853027},{"id":"https://openalex.org/keywords/wealth-inequality","display_name":"wealth inequality","score":0.531000018119812},{"id":"https://openalex.org/keywords/income-inequality","display_name":"income inequality","score":0.6650000214576721},{"id":"https://openalex.org/keywords/long-term-economic-trends","display_name":"long-term economic trends","score":0.4480000138282776}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8252167701721191},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.5974819660186768},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5969020128250122},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.5958747267723083},{"id":"https://openalex.org/C527412718","wikidata":"https://www.wikidata.org/wiki/Q855395","display_name":"Interpretation (philosophy)","level":2,"score":0.5176497101783752},{"id":"https://openalex.org/C133425853","wikidata":"https://www.wikidata.org/wiki/Q60571","display_name":"Neoclassical economics","level":1,"score":0.4637627601623535},{"id":"https://openalex.org/C45555294","wikidata":"https://www.wikidata.org/wiki/Q28113351","display_name":"Inequality","level":2,"score":0.4205879867076874},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.3303403854370117},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.32950150966644287},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.09215101599693298},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1093/cje/beu031","doi":"https://doi.org/10.1093/cje/beu031","is_oa":false,"landing_page_url":"https://doi.org/10.1093/cje/beu031","pdf_url":null,"source":{"id":"https://openalex.org/S67103694","display_name":"Cambridge Journal of Economics","issn_l":"0309-166X","issn":["0309-166X","1464-3545"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Cambridge Journal of Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:cbr:cbrwps:wp462","doi":null,"is_oa":false,"landing_page_url":"https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp462.pdf","pdf_url":"https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp462.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:aleph.bib-bvb.de:BVB01-028795544","doi":null,"is_oa":false,"landing_page_url":"http://www.cbr.cam.ac.uk/fileadmin/user_upload/centre-for-business-research/downloads/working-papers/wp462.pdf","pdf_url":"http://www.cbr.cam.ac.uk/fileadmin/user_upload/centre-for-business-research/downloads/working-papers/wp462.pdf","source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"software, multimedia"},{"id":"mag:3122916154","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/p/cbr/cbrwps/wp462.html","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:oup:cambje:v:38:y:2014:i:5:p:1275-1284.","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1093/cje/beu031","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":6,"referenced_works":["https://openalex.org/W1993638814","https://openalex.org/W2041909722","https://openalex.org/W2052452281","https://openalex.org/W2150617721","https://openalex.org/W2155379226","https://openalex.org/W2752384816"],"related_works":["https://openalex.org/W2332682058","https://openalex.org/W3038547770","https://openalex.org/W2331519118","https://openalex.org/W2553887804","https://openalex.org/W2990667327","https://openalex.org/W2283808051","https://openalex.org/W2770473166","https://openalex.org/W2405948508","https://openalex.org/W2181088182","https://openalex.org/W2189025050"],"abstract_inverted_index":{"Thomas":[0],"Piketty\u2019s":[1,57,101],"Capital":[2],"documents":[3],"long-term":[4,98],"trends":[5],"in":[6,10,135],"income":[7,36,50,67],"and":[8,23,42,103],"wealth":[9,33],"advanced":[11],"economies.":[12],"It":[13],"also":[14,95],"provides":[15],"a":[16],"theoretical":[17,137],"framework":[18],"for":[19,47],"analysing":[20],"the":[21,25,30,48,75,84,97,105,117],"past":[22],"projecting":[24],"future.":[26],"Piketty":[27,127],"argues":[28],"that":[29,43],"ratio":[31],"of":[32,52,69,77,100,107,119,141],"to":[34,74],"national":[35],"is":[37,45,71],"on":[38],"an":[39],"upward":[40],"trend":[41],"this":[44],"responsible":[46],"rising":[49,66,120],"share":[51,68],"wealth-owners.":[53],"This":[54],"note":[55,94],"accepts":[56],"main":[58],"empirical":[59],"findings":[60],"but":[61,82,128],"questions":[62],"his":[63,109,136],"interpretation.":[64],"The":[65,93],"wealth-owners":[70],"not":[72,130],"due":[73],"over-accumulation":[76],"capital,":[78],"as":[79],"he":[80],"claims,":[81],"just":[83],"opposite.":[85],"There":[86],"has":[87],"been":[88],"too":[89],"little":[90],"real":[91],"investment.":[92],"considers":[96,116],"dynamics":[99],"model":[102],"explores":[104],"effect":[106],"modifying":[108],"assumptions":[110],"about":[111],"savings":[112],"behaviour.":[113],"Finally,":[114],"it":[115],"implications":[118],"asset":[121],"prices,":[122],"which":[123],"are":[124,129],"documented":[125],"by":[126],"adequately":[131],"taken":[132],"into":[133],"account":[134],"analysis":[138],"or":[139],"projection":[140],"future":[142],"trends.":[143]},"counts_by_year":[{"year":2025,"cited_by_count":5},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":5},{"year":2020,"cited_by_count":17},{"year":2019,"cited_by_count":20},{"year":2018,"cited_by_count":6},{"year":2017,"cited_by_count":9},{"year":2016,"cited_by_count":9},{"year":2015,"cited_by_count":9},{"year":2014,"cited_by_count":5}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}
