The end of a long period of decreasing global inequality? Concept 3 is Gini between world citizens calculated from some 110+ representative national household surveys with incomes of individuals expressed in PPP dollars.

"The long-term political consequences of Mr. Putin." A convincing and nuanced set of linked arguments by @brankomilan.bsky.social about the impact of Putin's war on Ukraine: open.substack.com/pub/branko2f...

The long-term political consequences of Mr. Putin (via @brankomilan.bsky.social) open.substack.com/pub/branko2f...

If—as some argue—today’s egalitarians criticizing inequality are merely driven by toxic envy, does that also apply to historic objectors like Plato, Adam Smith or John Stuart Mill? David Lay Williams argues invoking envy is a red herring: buff.ly/FR7N6jn HT @brankomilan.bsky.social

I don't remember if I read this piece on the 200th anniversary of Marx's birth when @brankomilan.bsky.social first published it. But someone just linked to it and I (re)read it, and it's a very nice piece. substack.com/home/post/p-...

Was everybody under socialism a millionaire? glineq.blogspot.com/2015/05/was-...

Was everybody under socialism a millionaire?

Internationally-accepted definitions of (say) disposable income or wealth have existed for at least 50y. They had their own conventions (the Canberra rules for income, capital gains) or UN System of National Accounts.

This week's review! - @brankomilan.bsky.social's The Great Global Transformation. On political economy of our moment.

So people get praise for the exercises which make absolutely no sense under any realistic conditions or at least do not in 90% of countries and times.

Perhaps the cardinal weakness of neoclassical economics (which distinguishes it from the classics) is a historically untenable assumption that capitalist economies continue to function forever under "normal" peacetime conditions and that politics does not matter.

Not everybody agrees.

My latest Substack: Was the world of the 1990s better than today’s? It is a fundamental question branko2f7.substack.com/p/was-the-wo...

Happy 2026! Two most beautiful places in the world. And they need to be seen at night because only at night they show their true greatness.

And now, for the best Substack of the year: Kaiser Kuo: China is here to Lead, not just Stay jiwankshetry.substack.com/p/must-read-...

babe wake up, they're doing insider trading on war crimes

I love Bluesky. Trump conquers Venezuela. Israel destroys Gaza. Russia attacks Odessa. Stock market goes nuts about oil in Venezuela. China surrounds Taiwan. But, wait, on Tuesday, I have a presentation of my paper on delinquent credit clams in Urania in 1993.

My today's Substack: Was the world of the 1990s better than today’s? branko2f7.substack.com/p/was-the-wo...

The decline.

Is INEQUALITY really getting worse? Economist and author of the Great Global Transformation @brankomilan.bsky.social says YES - but the answer is a bit more complicated 👇🏻 youtu.be/yPGN95wTXxE #economics #economy #inequality

My today's Substack: Was the world of the 1990s better than today’s? branko2f7.substack.com/p/was-the-wo...

The story of Italy is emblematic of western Europe. In 1952 when the modern GDP data begin, Italy's real GDP per capita was slightly less than twice the world average. It passed the 2 landmark in 1956. It continued its upward trajectory of the Trente Glorieuses.

The old ECONOMIC ORDER is dead - but what is replacing it? Renowned economist and author of the book The Great Global Transformation, @brankomilan.bsky.social has a few ideas. You can listen to our convo HERE 👇🏻 Youtube: youtu.be/yPGN95wTXxE Spotify: open.spotify.com/episode/1Sch...

Global neoliberalism is on its last legs, while a new international economic order is taking hold. What next? @brankomilan.bsky.social joined us earlier this term to launch his ground-breaking new book, which reveals the seismic shifts that are shaping our world. Watch it here ⬇️

Books in 2026.

Happy 2026! Two most beautiful places in the world. And they need to be seen at night because only at night they show their true greatness.

Foreign Policy's Most Anticipated Books of 2026 is here! Read more on the 30 picks here in @foreignpolicy.com, including titles from @brankomilan.bsky.social, @landemore.bsky.social, bethnoveck.bsky.social, and more:

Books Jacobin Loved in 2025 jacobin.com/2025/12/2025...

Three @uchicagopress.bsky.social books—including Ray Madoff’s THE SECOND ESTATE and Jens Ludwig’s UNFORGIVING PLACES—on the year-end list of record

🚨 We're hiring an Assistant Professor (Lecturer) in Economics Only 5 days left to apply. See details 👇

This is a pretty interesting list of topics!

Power moves to money - higher inequality brings a fundamental hypocrisy to political culture - interview with @brankomilan.bsky.social agendapublica.es/noticia/2051...

Vieles läuft heute besser als vor 100 Jahren - doch die #Ungleichheit ist größer. Damit einher gehen kritische Probleme wie die Konzentration von Macht erklärt @brankomilan.bsky.social. agendapublica.es/noticia/2051...

New Substack! With transient economic successes, it is important to talk "industrial policy" or strategic macroeconomic development now in the very small open post-socialist economies. proseontherocks.substack.com/p/have-the-s...

"The 'Glorious Revolution' inaugurated the modern state in its raw form: an undemocratic commercial machine that unleashed terror at home and abroad." (p. 113).

If you argue the opposite, you get Nobel Prize in economics.

"The 'Glorious Revolution' inaugurated the modern state in its raw form: an undemocratic commercial machine that unleashed terror at home and abroad." (p. 113).

@brankomilan.bsky.social en @agendapublica.es: "La migración, en particular, puede ser una ventaja en un contexto de escasez de mano de obra en toda Europa. Si los países necesitan trabajadores pero cierran sus fronteras, ¿qué esperan que ocurra?" agendapublica.es/noticia/2050...

My today's Substack: The ways of empires Review of Rana Dasgupta’s “After Nations” branko2f7.substack.com/p/the-ways-o...

Foreign Affairs Magazine’s Post "In a 2023 essay, Branko Milanovic discussed the history of global inequality—and explained why, even as the world grows more equal, gulfs in income and lifestyle in the West will only become more pronounced." www.foreignaffairs.com/world/great-...

youtu.be/FzZgKnZqldI Urbani aktivizam ftw!

A la lecture de l'entretien de PVP, on mesure ce qui a été perdu depuis une trentaine d'année : "researchers are increasingly doing research primarily in order to publish rather than to find correct answers to interesting questions"

American liberals are quite extraordinary people. They can hold several contradictory beliefs at the same time & feel comfortable. They deride American imperialism but when Trump undoes obvious tools of American imperialism

"The older we became, the more Christmas faded into irrelevance. The New Year’s eve with nice dinners, dancing parties and concerts was much more exciting. Where should I go? Private party, the new hotel, dancing floor? Who would come? How long will the party last?

My blog from several years ago, but related to a much earlier time, How I did not celebrate Christmas. glineq.blogspot.com/2021/12/how-...

And now, for the best Substack of the year: Kaiser Kuo: China is here to Lead, not just Stay jiwankshetry.substack.com/p/must-read-...

Weekend No. 4

I reread tonight all articles I wrote about Marx. I think that on a very personal level there are three things that are super attractive in Marx. 1 He was stateless, so can appeal to everybody in the world. 2 He never worked for a salary, so he can appeal to all who suffer from wage slavery.

It is weekend No. 4, and it is Marx's turn, coming after Quesnay, Smith and Ricardo. and following the order of writers in my "Visions of Inequality". Because I wrote quite a lot on Marx, I begin with four book reviews. The rest will go as a separate tweet.

In the second part on Marx, I include only my own essays/Substack pieces (.e. not book reviews).