Income Inequality
The Betrayal of Populism: Why the New Far Right Is the Real Threat to Our Democracy
Much of the discussion on populism focuses exclusively on protest against the political system: the protest of “the people” against “the elite.” But elites...
Chile's Fall From Grace Shows the Failures of Neoliberalism
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...
The Lousy Job Economy: Young People Bear the Brunt of a Long-Term Decline in American Job Quality
A new study finds a steady decline in the quality of American jobs between 1979 to 2017, even as GDP has grown. This decline...
Esther Duflo: How to Find the Right Questions
In this piece, originally published in 2011 by the American Economic Association's Committee on the Status of Women in the Economics Profession, Esther Duflo, co-recipient of...
“Avoiding Plutocracy Would Require a Political Change”: Branko Milanovic on the Future of Capitalism
In an interview with ProMarket, CUNY Graduate Center economist Branko Milanovic discussed the differences and similarities between US-style and China-style capitalism and explained why,...
With the US and China, Two Types of Capitalism Are Competing With Each Other
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,...
Thomas Piketty's New Book Brings Political Economy Back to Its Sources
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...
The Future of Capitalism and the Utopia That Never Was
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...
Angus Deaton: Today’s Inequalities Are Signs That Democratic Capitalism Is Under Threat
At the launch of the IFS Deaton Review, a 5-year review of rising inequalities in the UK, Sir Angus Deaton decried extreme inequality and the...
Basic Income as a Policy Lever: Can UBI Reduce Crime?
What would the effect of a universal basic income be on crime? A new study looks into Alaska’s Permanent Fund Dividend and suggests that...
