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Branko Milanovic

Branko Milanovic is the author of Global Inequality: A New Approach for the Age of Globalization and of the forthcoming Capitalism, Alone, both published by Harvard University Press. He is senior scholar at the Stone Center on Socio-Economic Inequality at the Graduate Center, City University of New York.
Income Inequality

The End of the Capitalist-Worker Dichotomy and the Rise of a New Elite?

Yonatan Berman
Economists typically assume that capitalists and workers are different people. A new study, however, finds that the intersection between the top decile of capital-income...
Commentary

Why Economic Predictions Are Useless Right Now

Branko Milanovic
The Covid-19 crisis is unprecedented in its global scope and open-ended, uncontrollable progress. By their very nature, the models that economists often use to...
Covid-19

The World After Covid-19: Inequality Within Rich Countries Will Increase, Globalization Will Reverse, Politics Will Remain Turbulent

Branko Milanovic
The negative effects of the crisis on growth will be very strong. But it will not affect everyone in the same way. If the...
Covid-19

How the Covid-19 Pandemic Will Affect Four Types of Labor

Branko Milanovic
A tremendous shock like that of the coronavirus totally unbalances new demand for four different types of labor. The category policymakers should be...
Income Inequality

What Is the Meaning of Wealth?

Branko Milanovic
Who's richer, a person who enjoys the comfort of modern services and technologies, or the ancient kings of a millennia ago? Comparing wealth over...
Income Inequality

Why There Is No “Crisis of Capitalism”

Branko Milanovic
Western dissatisfaction with globalization is wrongly diagnosed as dissatisfaction with capitalism, when in fact it is the product of the uneven distribution of the...
Income Inequality

Chile's Fall From Grace Shows the Failures of Neoliberalism

Branko Milanovic
For many years, Chile’s economic growth and transition to democracy have made it the poster boy for neoliberalism. The current wave of protests highlights...
Commentary

With the US and China, Two Types of Capitalism Are Competing With Each Other

Branko Milanovic
Capitalism’s global victory has been achieved through two different types of capitalist systems: the liberal meritocratic capitalism that has developed incrementally in the West,...
Income Inequality

Thomas Piketty's New Book Brings Political Economy Back to Its Sources

Branko Milanovic
In the same way that Capital in the Twenty-First Century transformed the way economists look at inequality, Piketty's new book Capital and Ideology will...
Income Inequality

The Future of Capitalism and the Utopia That Never Was

Branko Milanovic
In his review of Paul Collier’s recent book The Future of Capitalism, Branko Milanovic discusses ideology, social democracy, and the "ethical world."     Paul Collier’s...
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