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28.06. 2018 18:00 Uhr - 19:30 Uhr

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MPI

Advokatenweg 36 | 06114 Halle
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This lecture builds on Jack Goody’s work to demonstrate the centrality of kinship in the current political economy of the U.S. and Europe. Since 1980 the ownership of capital in the U.S. and Europe has become increasingly concentrated, and if current trends continue wealth inequality will soon become as pronounced as it was in the nineteenth century. Thomas Piketty’s book Capital in the Twenty-First Century shows that in the U.S. and other wealthy capitalist nations inheritance has been a key force behind the concentration of wealth and growth in inequality. Piketty, however, does not delve into the affective, legal and political structures that enable the conversion of profits into inheritance and inheritance into capital, thus missing an opportunity to understand how kinship, economy, and politics work in tandem in these societies. In this lecture I examine inheritance in the U.S. and Italy as a culturally valorized and legally-sanctioned conversion process through which intimate bonds and sentiments of family naturalize capital accumulation and social inequality. (Speaker’s abstract)

Source: MPI, Link (26 April 2018)