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Intro -- Contents -- Preface -- Acknowledgements -- List of Figures and Tables -- Notes on Contributors -- Introduction -- The Context of a Global Crisis -- A Brief History of Neoliberal Capitalism -- Notes on a Crisis in the United States -- The Goal of This Volume -- An Overview of the Contents -- Broad Reviews and Critiques -- Class and Inequality in Piketty -- Introduction -- The Trajectory of Income Inequality -- The Trajectory of Wealth Inequality -- The Problematic Role of Class -- Vautrin's Lesson: Historical Trends, Universal Challenges, and Policy Responses -- Introduction -- Capital and Its Distribution -- Vautrin's Lesson for the 21st Century: Inheritance, Labor, and Capital -- Can Vautrin's Lesson be Countered? -- Turning Piketty into a Sociologist? -- Introduction -- The Importance of Wealth -- Contested Data and Trends -- Violence -- Democracy -- Finance Capital -- Gender, Fertility and Demography -- Conclusion -- Predatory Logics: Going Well beyond Inequality -- Introduction -- Finance: An Assemblage of Capabilities -- The Global Capital Market: Power and Norm-Making -- When Local Housing Becomes a Global Financial Instrument -- The Search for Actual Assets -- 14 Million Households Pay the Price for Financial Abuse -- Did Foreclosures Create the Crisis? -- Who Paid the Biggest Price? -- When It All Goes Global -- Conclusion -- Complex Inequalities in the Age of Financialisation: Piketty, Marx, and Class-Biased Power Resources -- Introduction -- Distributions of Income: The Personal, Functional, and Fractile, and Their Interrelations -- Financialization-A New Regime of Global Inequality? -- Class Biased Power Resources: The Rich and the Rest under Finance-Driven Capitalism -- What Can Piketty Learn from Marxism?. Piketty and Patrimonialism: A Frankfurt School Critique of Piketty's Use of Marx, Weber, Political Economy, and Comparative Historical Sociology -- Introduction -- Piketty and Patrimonial Families: Is His Analysis Linked to Comparative Historical Sociology? -- Wright and Relational Social Class: Ambiguous Use of Class in Piketty -- The Original Frankfurt School -- U.S. Imperialism and Social Darwinism -- Conclusion -- The Missing Element in Piketty's Work -- Introduction -- Weber on Status Groups and Legal Privilege -- Piketty, Weber, and Marx on Growth and Development -- Wealth as Fortune, Wealth as Capital: Types of Economic Power -- Rentiers, Industrial Capitalists, and Conjunctural Crisis -- Consciousness and Conjunctural Crisis -- Relations of Distribution, Relations of Production -- Finance Capital: Fettering vs. Fostering Economic Growth and Social Development -- Inequality, Finance Capital (Rentiers) and Relations of Production -- Conclusion -- Critical Theory, Radical Reform, and Planetary Sociology: Between Impossibility and Inevitability -- Introduction -- Piketty on Fantastic Fears, Partial Irrationality, and Utopian Ideals -- The Constitutional Logic of Modern Society between the Logic of Capital and the Persistence of Inequality -- Critical Theory and the Logic of Capital -- Radical Reform and the Persistence of Inequality -- Planetary Sociology and the Constitutional Logic of Modern Society -- Radical Transformation in the Vortex of Impossibility and Inevitability -- Inequality -- Beyond Piketty's Economism: History, Culture, and the Critique of Inequality -- Introduction -- Piketty's "Laws" -- Piketty's Capital and Marx's Capital -- Convergence and Divergence, Commons, and Enclosures -- The Varieties of Capital and the Social State -- The Evacuation of the Political and Its Retrieval -- Conclusion. Accounting for Inequality: Questioning Piketty on National Income Accounts and the Capital-Labor Split -- The Political Dimensions of Economic Division: Republicanism, Social Justice, and the Evaluation of Economic Inequality -- Introduction: The Problem -- The Limits of the Contemporary Analysis of Economic Inequality -- The Mechanism of Inequality -- Economic Inequality and the Contours Social Injustice -- Republicanism: An Alternative Scheme to Evaluate Economic Inequality -- Conclusion: Economic Inequality and the Republican Theory of Social Justice -- Global Inequality -- Piketty on the World Market and Inequality within Nations -- Inequality in the World Market -- Inequality within National Economies -- Capitalism in the Twenty-First Century: Global Inequality, Piketty, and the Transnational Capitalist Class -- Introduction -- The Class Warfare of the Transnational Capitalist Class -- The Cycle of Crisis and the Reformers -- Piketty beyond the Hype -- The Piketty Challenge: Global Inequality and World Revolutions -- Introduction -- The World-Systems Perspective -- World Revolutions -- The World Revolution of 20XX -- Precariat Fractions -- The Multicentric Network of Leftist Movements -- Global North-South Challenges -- Individualism in the World Revolution -- A Global United Front? -- Global Inequality, Competition, Uncertainty, and the Legitimation Crisis of Neoliberalism -- Introduction -- Inequality, Uncertainty, and the Legitimation Crisis between Fordism and Neoliberalism -- Neoliberalism and the Legitimation of Inequality, Competition, and Uncertainty -- Inequality, Uncertainty, and the Legitimation Crisis of Neoliberalism -- The Piketty Thesis and the Environmental Wall: Rentier Society, Post-Carbon Democracy, or Apocalyptic Ruin? -- Introduction -- Piketty's Core Argument about Shock and Rentier Society. Piketty on Climate Change: Discounting Ecological Risks -- Understating Climate Change Urgency -- Undertheorizing Capitalism: The Growth Imperative and Ecological Wall -- Averting Apocalyptic Shock: An Authoritarian or Substantive Democratic Turn? -- The Adventures of Professor Piketty: In Which We Meet the Intrepid Data-Hunter Thomas Piketty and Hear His Startling Story -- 21st Century Capital: Falling Profit Rates and System Entropy -- System Entropy -- Capital Becomes Pseudocapital -- From Inequality to Social Justice -- Introduction -- Inequality Just and Unjust: Why the Difference Matters -- Just and Unjust Inequality -- What's the Answer? Conservative, Liberal, Progressive, Radical, Transformative Responses -- The Conservative Response -- The Liberal Response -- The Progressive Response -- The Radical Response -- The Transformative Response -- Conclusion: Equality and Its Limits -- Conclusion: Capitalism, Contradiction, and Crisis -- Globalization -- Crisis -- Global Warming -- Morality -- Social Change and Social Movements -- Anger -- Hope -- Theorizing Social Transformation -- Index.
Twenty-First Century Inequality & Capitalism: Piketty, Marx and Beyond is a collection of critical essays on the economist's iconic 2014 book, from the perspective of critical theory, global political economy or public sociology, mostly drawn from the Marxist tradition.