Branko Milanovic
@brankomilan.bsky.social
1) Income inequality; 2) Politics; 3) History; 4) Soccer. Author of "Global inequality" and "Capitalism, Alone" (2019). Stone Center, CUNY; LSE, London
The September Duma elections are very important. I think as important, or more, than the US November elections. Mainstream media, looking for sensational results, do not understand how elections in a de facto autocratic regime work. Small and seemingly insignificant shifts are important. I
Could it be that a significant part of China’s consumption compression seen in macro data is due to greater savings of the urban elite? The issue behind the “compressed” consumption is not low social transfers or state-sector corporate savings, but elite decisions to spend less and to save more
Branko Milanovic@brankomilan.bsky.social · 2d agoMy today's Substack The strange case of China’s urban consumption Why are the rich not consuming? branko2f7.substack.com/p/the-strang...
Could it be that a significant part of China’s consumption compression seen in macro data is due to greater savings of the urban elite? The issue behind the “compressed” consumption is not low social transfers or state-sector corporate savings, but elite decisions to spend less and to save more
Branko Milanovic@brankomilan.bsky.social · 2d agoMy today's Substack The strange case of China’s urban consumption Why are the rich not consuming? branko2f7.substack.com/p/the-strang...
My today's Substack The strange case of China’s urban consumption Why are the rich not consuming? branko2f7.substack.com/p/the-strang...
The strange case of China’s urban consumption
Why are rich not consuming?
branko2f7.substack.com
My today's Substack The strange case of China’s urban consumption Why are the rich not consuming? branko2f7.substack.com/p/the-strang...
The strange case of China’s urban consumption
Why are rich not consuming?
branko2f7.substack.com
When I look at the number of security personnel, at the entrance of practically every larger supermarket or store in Manhattan (a thing which totally shocked me when I moved to New York), and when I add to that that about 1/3 of the items in supermarkets are held under lock and key
Notice the significant decrease in Chinese consumption inequality during covid--but the slight decrease has already started around 20215 while income inequality continued to grow before it plateaued too.
Branko Milanovic@brankomilan.bsky.social · 3d agoThe 2026 version of All the Ginis is out: stonecenter.gc.cuny.edu/publications...
The 2026 version of All the Ginis is out: stonecenter.gc.cuny.edu/publications...
All the Ginis (ALG) Dataset - Stone Center on Socio-Economic Inequality
This dataset, constructed by Stone Center Senior Scholar Branko Milanovic, represents a compilation and adaptation of income or consumption Gini coefficients (calculated across households or household...
stonecenter.gc.cuny.edu
I went to Paris to speak to Thomas Piketty - one of the world’s leading thinkers on inequality. We talk about why wealth keeps concentrating at the top, the case for public investment, and what it would take to build a fairer economy. A fascinating conversation. youtu.be/d_83pFubGvQ?...
How We Build An Economic Future For All | Thomas Piketty
YouTube video by Bold Politics with Zack Polanski
youtu.be
In my keynote at the International Chinese Sociological Association, I emphasized the value of assessing relative and absolute poverty together, especially during rapid change. Between 2002-2018, in China, relative poverty rose while absolute poverty fell. @lisdata.bsky.social @ourworldindata.org
Janet Gornick@janetgornick.bsky.social · 5d agoThe GC-CUNY Stone Center on Socio-Economic Inequality had the pleasure of co-hosting today's meeting of the International Chinese Sociological Association. Two keynotes, 20 panels, and a ton of impressive research. @stone-lis.bsky.social @thegraduatecenter.bsky.social @cunygcsociology.bsky.social
The GC-CUNY Stone Center on Socio-Economic Inequality had the pleasure of co-hosting today's meeting of the International Chinese Sociological Association. Two keynotes, 20 panels, and a ton of impressive research. @stone-lis.bsky.social @thegraduatecenter.bsky.social @cunygcsociology.bsky.social
The All the Ginis (ALG) dataset, constructed by @brankomilan.bsky.social, is now updated on the Stone Center site! The dataset covers the period 1950-2024 and includes 6,762 Ginis from 183 countries or territories.
All the Ginis (ALG) Dataset - Stone Center on Socio-Economic Inequality
This dataset, constructed by Stone Center Senior Scholar Branko Milanovic, represents a compilation and adaptation of income or consumption Gini coefficients (calculated across households or household...
stonecenter.gc.cuny.edu
"For Marxist economic historians, it is thus amusing to read a member of the Rada complain of the fact that Tugan-Baranovsky, one of the first commentators and critics of Marx, named minister of finance, had disappeared for several months and no one has heard of him nor knew of his whereabouts."
Branko Milanovic@brankomilan.bsky.social · 7d agoMy today's Substack: Ukraine, Lenin and Sultan-Galiev Re-reading Richard Pipes’ "The Formation of the Soviet Union" branko2f7.substack.com/p/ukraine-le...
You cannot treat the most successful economic growth in the history of the world as an exception to the generally valid rules of economics.
The simplest possible fact is this: China has broken a number of theoretical economic taboos, shown that they are wrong, and economics will have--whether it likes it or not-- to adjust to that & revise what it currently holds and teaches.
My today's Substack: Ukraine, Lenin and Sultan-Galiev Re-reading Richard Pipes’ "The Formation of the Soviet Union" branko2f7.substack.com/p/ukraine-le...
Ukraine, Lenin and Sultan-Galiev
Re-reading Richard Pipes’ "The Formation of the Soviet Union"
branko2f7.substack.com
Don’t ask me about my profits, but let’s talk about your wages
Branko Milanovic@brankomilan.bsky.social · 4w agoMy today's (somewhat incendiary) Substack: Don’t ask me about my profits, but let’s talk about your wages How Western capitalists use China-bashing to deflect attention from their soaring profits branko2f7.substack.com/p/dont-ask-m...
My latest Substack in Spanish translation El nuevo mundo distópico-utópico de la Inteligencia Artificial letraslibres.com/economia/el-...
El nuevo mundo distópico-utópico de la Inteligencia Artificial | Letras Libres
Este ensayo imagina un futuro de cuatro clases –del lumpenproletariado a los tecnoseñores– en el que la inteligencia artificial acaba con la clase media y desestabiliza, más que libera, a las sociedad...
letraslibres.com
Interesting piece from @nandosigona.bsky.social
Ceuta: a migration crisis or a diplomatic message?
Nando Sigona, University of Birmingham The speed and scale of the arrivals in Ceuta are difficult to explain as an ordinary migration event. According to provisional Spanish estimates, around 50,00…
nandosigona.info
"If China continues to grow 2 or 3 percentage points faster than the U.S., then within one generation, and at most two, there will be as many people in China above the U.S. median income as there are Americans." -- @brankomilan.bsky.social
Many years ago I read a stupid comment by a US economist called Mankiw, saying that he was not a great fan of spectator sports & hence disliked football. What a nonsense, I thought; he did not understand that football is not a spectator sport.
That's what football was: Garrincha was known as the Alegria de Povo (Joy of the People). When similarly gifted and crazy Yugoslav player Dragoslav Sekularac, the big star of the 1962 World Cup, was offered a huge fee to move to Juventus,
Why does wealth poverty matter? How is it measured? How prevalent is it? What factors raise households' risk of being wealth poor? What policies can mitigate it? A new WP by @schechtlm.eurosky.social & @janetgornick.bsky.social, prepared for the Annual Review of Sociology, addresses those questions.
Despite excellent organization, beautiful stadiums, impeccable lawns, thousands of supporters, there was something ineffably wrong, even sick, in the last World Cup: so-called hydration stops that are really commercial breaks;
Economist Branko Milanović on inequality & capitalism - Jung & Naiv: Episode 708 www.youtube.com/watch?v=0H6U...
Economist Branko Milanović on inequality & capitalism - Jung & Naiv: Episode 708
YouTube video by Jung & Naiv
youtube.com
My conversation for Bloomberg's Odd Lots with Tracy Alloway and Joe Weisenthal. Very fun conversation. Enjoyable. Great questions. www.bloomberg.com/news/videos/...
Watch Branko Milanovic on What Comes After Globalization | Odd Lots - Bloomberg
It's pretty obvious by now that globalization has fallen out of favor. And while many pundits have deemed economic globalism dead, we are still figuring out what to call this new era. Branko Milanović...
bloomberg.com
