Where’s the capital? A geographical essay
Gareth A. Jones
Abstract
This paper is inspired by Thomas Piketty’s book Capital in the Twenty-First
Century. Piketty does a wonderful job of tracing income and wealth over time, and
relating changes to trends of economic and population growth, and drawing out
the implications for inequality, inheritance and even democracy. But, he says
relatively little about where capital is located, how capital accumulation in one
place relies on activities elsewhere, how capital is urbanized with advanced capi-
talism and what life is like in spaces without capital. This paper asks ‘where is the
geography in Capital’ or ‘where is the geography of capital in Capital’? Following
Piketty’s lead, the paper develops its analysis through a number of important
novels. It examines, first, the debate that Jane Austen ignored colonialism and
slavery in her treatment of nineteenth century Britain, second, how Balzac and
then Zola provide insight to the urban political economy of capital later in the
century, and third, how Katherine Boo attends to inequality as the everyday
suffering of the poor.
Keywords: Cities; inequality; novels; Piketty; social justice; suffering
Introduction
Thomas Piketty’s Capital in the Twenty-First Century is a rare thing. Its 600
pages offer a descriptive, occasionally technical, account on the dry subject of
economic change and inequality.Yet, it has received widespread academic and
popular interest, provoking debate in university classrooms, in the media and
across a few dinner tables. The author has done a fantastic job of pulling out
‘Capital’s’ key messages and communicating them to a wide audience. In the
UK at least, the release of Capital is well timed. As this essay is being written
the most hyped television programme in the Autumn schedule is series five of
‘Downton Abbey’, my local cinema is showing the film ‘Riot Club’ that
Jones (Department of Geography and Environment, LondonSchool of Economics and Political Science) (Corresponding author
email: g.a.jones@lse.ac.uk)
© London School of Economics and Political Science 2014 ISSN 0007-1315 print/1468-4446 online.
Published by John Wiley & Sons Ltd, 9600 Garsington Road, Oxford OX4 2DQ, UK and 350 Main Street, Malden,
MA 02148, USA on behalf of the LSE. DOI: 10.1111/1468-4446.12112
The British Journal of Sociology 2014 Volume 65 Issue 4