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 humbug production function. I knew that Anwar Shaukh wrote about it and called the neoclassical production function "humbug" but I did not know the exact meaning of "humbug" until recently. I knew it was something bad, but not that it was *deceitfully* bad.
Oh damn. One of the very best :( www.medievalists.net/2026/10/chri...
Chris Wickham, Leading Historian of Medieval Europe, Passes Away - Medievalists.net
Chris Wickham, one of the most influential historians of medieval Europe, has passed away. His research transformed how scholars understand the transition from the Roman Empire to the Middle Ages, whi...
medievalists.net
M'assabento pel @brankomilan.bsky.social que Anwar Shaikh va morir ahir.
Anwar Shaikh Shows Us How Capitalism Works and How It Fails
Throughout his prolific career as a left-wing economist, Anwar Shaikh has kept asking the right questions about the dynamics of capitalism. Shaikh has given us a powerful framework for understanding t...
jacobin.com
I loved Anwar combination of classical economics with the search for its empirical confirmation. I think he was among very few (almost unique) in that. He was also a super nice person.
Everything that is straight A=B=C will be decimated by artificial intelligence. Everything that is curvilinear and tentative and human: A may be equal to B on a good day, but otherwise perhaps not, will be left alone by AI.
Mathematicians fear being reduced from *writers* of proofs to mere *readers* of (machine generated) proofs. Any writer can feel this: imagine you no longer get to write, but only to proofread what machines have written. Mathematicians feel they’re being LITERALLY reduced to “proof readers.”
Nils Gilman@nilsgilman.bsky.social · 6d ago“Mathematics is the one irreplaceably consequential domain of human knowledge in which a machine can be told, at scale and without a human judge, whether it has succeeded.” A superb paper on why the mathematics community is having a collective meltdown over AI arxiv.org/abs/2609.28591
In today's El Pais
Francisco de Zárate@fzarate.eurosky.social · last wk.Gracias a @thomaspiketty.bsky.social @brankomilan.bsky.social @daronacemoglu.bsky.social @drodrik.bsky.social @mazzucatom.bsky.social Abhijit Banerjee, a Ha-Joon Chang, por hablar conmigo para @elpais.com en elpais.com/economia/neg...
Ten easy pieces on Marx for today (Oct 4) No 1 A short essay on the differences between Marx and Keynes As stimulated by Joan Robinson's "Essay on Marxian Economics" branko2f7.substack.com/p/a-short-es...
A short essay on the differences between Marx and Keynes
As stimulated by Joan Robinson's "Essay on Marxian Economics"
branko2f7.substack.com
Gracias a @thomaspiketty.bsky.social @brankomilan.bsky.social @daronacemoglu.bsky.social @drodrik.bsky.social @mazzucatom.bsky.social Abhijit Banerjee, a Ha-Joon Chang, por hablar conmigo para @elpais.com en elpais.com/economia/neg...
Combatir la agenda neoliberal desde la izquierda: así son las recetas de los mejores economistas progresistas del mundo
Thomas Piketty, Daron Acemoglu, Dani Rodrik, Branko Milanovic, Mariana Mazzucato, Abhijit Banerjee y Ha-Joon Chang dan soluciones ante retos como la vivienda, la desigualdad, el cambio climático o el ...
elpais.com
Changes in household wealth in the United States, 1989-2022 by Arthur Kennickell stonecenter.gc.cuny.edu/changes-in-h...
Changes in Household Wealth and Income: 1989–2022, an Analysis by Arthur B. Kennickell - Stone Center on Socio-Economic Inequality
Stone Center Affiliated Scholar Arthur Kennickell analyses the cross-sectional patterns of change in household wealth and income from 1989 to 2022 in this blog post, the first in a new series.
stonecenter.gc.cuny.edu
After neoliberal globalization....
The Syllabus@the-syllabus.bsky.social · last wk.The retreat from neoliberal globalization is signalling a new political-economic order that combines free-market policies at home with protectionism abroad. Our podcast of the week maps the implications of this shift for the global economy. With @brankomilan.bsky.social buff.ly/hNefPYM
China’s Industrialization Did Not Begin in 1978 How the Soviet-Backed 156 Projects Built the Heavy-Industrial Skeleton for China’s Post-Reform Manufacturing Boom leonliao.substack.com/p/chinas-ind...
China’s Industrialization Did Not Begin in 1978
How the Soviet-Backed 156 Projects Built the Heavy-Industrial Skeleton for China’s Post-Reform Manufacturing Boom
leonliao.substack.com
"Que se passe-t-il lorsque nous avons atteint le 'royaume de la liberté' et que nous n’avons plus besoin d’accumuler davantage ?" Ma traduction 👉 annotationsbis.blogspot.com/2026/10/quel...
Branko Milanovic@brankomilan.bsky.social · 2w agoMy today's short essay (Substack) Against purposeful activity and Abrahamic religions in a world of abundance A note on Keynes’ “Economic Possibilities…” branko2f7.substack.com/p/against-pu...
The retreat from neoliberal globalization is signalling a new political-economic order that combines free-market policies at home with protectionism abroad. Our podcast of the week maps the implications of this shift for the global economy. With @brankomilan.bsky.social buff.ly/hNefPYM
"... in a world of abundance, monotheistic religions are no longer needed, because pleasure need not be deferred, & savings and investment are not necessary. All will be consumption. And daily pleasure." In such a "world of abundance", squirrels instinctively squirrel away nuts, & rightly so.
My yesterday's Substack on Keynes' "Economic possibilities..." Against purposeful activity and Abrahamic religions in a world of abundance branko2f7.substack.com/p/against-pu...
Against purposeful activity and Abrahamic religion in a world of abundance
A note on Keynes’ “Economic Possibilities…”
branko2f7.substack.com
A typically provocative piece from @brankomilan.bsky.social here, though the valorization of pure consumption and enjoyment over the sometimes painful development of, say, the skills of a musician, artist or writer strikes me as perverse.
Against purposeful activity and Abrahamic religion in a world of abundance
A note on Keynes’ “Economic Possibilities…”
branko2f7.substack.com
My today's short essay (Substack) Against purposeful activity and Abrahamic religions in a world of abundance A note on Keynes’ “Economic Possibilities…” branko2f7.substack.com/p/against-pu...
Against purposeful activity and Abrahamic religion in a world of abundance
A note on Keynes’ “Economic Possibilities…”
branko2f7.substack.com
My today's short essay (Substack) Against purposeful activity and Abrahamic religions in a world of abundance A note on Keynes’ “Economic Possibilities…” branko2f7.substack.com/p/against-pu...
Against purposeful activity and Abrahamic religion in a world of abundance
A note on Keynes’ “Economic Possibilities…”
branko2f7.substack.com
In case you want to come hear @brankomilan.bsky.social, Nancy Fraser, and me discuss (de-)globalization and economic nationalism in NYC on October 14th newleftreview.org/events/new-l...
NEW LEFT REVIEW 160 LAUNCH
NEW LEFT REVIEW 160 LAUNCH
newleftreview.org
Current reading: "Hyperpolitics" by Anton Jager Short, dense, and full of insight. I don't fully agree with his judgement that Trump isn't fascist (by some definition), but there are a lot of wonderful and challenging insights in this book into the disarray in today's public politics.
I’ve been saying this for years: the difference between (western) billionaires and (eastern) oligarchs is that the billionaires enjoy complete impunity, whereas the oligarchs do not. This is the financial dimension of that.
Bloomberg News@bloomberg.com · 2w agoAcross China, tax officials have gone into overdrive to boost receipts from the country’s richest people and biggest companies: bloom.bg/4ylDpSH
My new piece with Nils Gilman The End of Upward Mobility The interaction of AI and homoploutia www.noemamag.com/the-end-of-u...
The End Of Upward Mobility | NOEMA
Artificial intelligence is coming for the meritocracy.
noemamag.com
My today's Substack My cousin, a non-person A twentieth-century story branko2f7.substack.com/p/my-cousin-...
My cousin, a non-person
A twentieth-century story
branko2f7.substack.com
Very interesting from today's Adam Tooze (see below). Tsarist Bulgaria banned Communist Party in 1925. Kingdom of Yugoslavia banned it in 1921 after Communist won big in Belgrade and Zagreb. Romanian Kingdom banned it in 1924
The issue with AI was never that the average wage of the employed might go down. On the contrary, as productivity increases some of that increase will be captured by the employed labor.
On artificial intelligence & homoploutia. And their interaction.
Noema Magazine@noemamag.com · 3w agoWill AI return society to the rigid class pyramid of a feudal state, with only a wealthy few at the top, largely no middle class, & a wide lower class without any meaningful employment? @brankomilan.bsky.social & @nilsgilman.bsky.social explore. #capitalism #meritocracy #incomeinequality
Recent post.
Noema Magazine@noemamag.com · 3w agoWill AI return society to the rigid class pyramid of a feudal state, with only a wealthy few at the top, largely no middle class, & a wide lower class without any meaningful employment? @brankomilan.bsky.social & @nilsgilman.bsky.social explore. #capitalism #meritocracy #incomeinequality