Branko Milanovic

@brankomilan.bsky.social

4.2K followers 87 following 1K posts

1) Income inequality; 2) Politics; 3) History; 4) Soccer.
Author of "Global inequality" and "Capitalism, Alone" (2019).
Stone Center, CUNY; LSE, London

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Branko Milanović is a Serbian-American economist. He is most known for his work on income distribution and inequality.

Source: Wikipedia

Economics 47%

Political science 31%

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Reposted by Branko Milanovic

Branko Milanovic @brankomilan.bsky.social · 17h

Different Stone Centers (there are almost ten by now) also contain ideologically different economists. But I think that the groups A and E are under-represented and group D (reflecting the current ideological bent of the profession) is the most numerous.

Branko Milanovic @brankomilan.bsky.social · 18h

Last night I could not sleep so I created a taxonomy of people who work on inequality/redistribution. For each of these groups I have names of economists but it could be too controversial. So I decided to stay with the taxonomy only. (You can fill in the names.)

Branko Milanovic @brankomilan.bsky.social · 17h

Merci, Guillaume!

Branko Milanovic @brankomilan.bsky.social · 17h

I know that one can combine several types. But I tried to present clear types. C are radical redistributionists in the FDR style: they squeeze capitalists but they do not necessarily touch the mode of production & its internal set-up.

Reposted by Branko Milanovic

Cesare @interazioni.blog · 18h

Devo dire la verità: @brankomilan.bsky.social non mi garba molto, dice cose che non voglio sentire, gli piace distruggere e a me costruire... ma quasi sempre ha ragione lui.
Qui la recensione del suo ultimo libro a cura di @andreacapussela.bsky.social
andreacapussela.substack.com/p/impeccable...

Impeccable, unacceptable portrait of our world

My review of Branko Milanovic's 'The Great Global Transformation'

andreacapussela.substack.com

Branko Milanovic @brankomilan.bsky.social · 18h

Groups A, C and E are radical. Groups B and D are conservative (in its literal sense).

Branko Milanovic @brankomilan.bsky.social · 18h

They would use strong anti-monopoly measures to reduce income inequality. They are radical pro-capitalists fighting businesses. They are very close to the original Adam Smith.

Branko Milanovic @brankomilan.bsky.social · 18h

Group E are partisans of capitalist free competition. They are unhappy with the current system of businessman's capitalism that creates monopolies, conglomerates, and generally uses economic power to wrest concessions, cheat, and not pay taxes.

Branko Milanovic @brankomilan.bsky.social · 18h

the problem is that what is on "paper" is often subverted or ignored by the rich. They could accept to increase some taxes, but moderately. They are Obamists.

Branko Milanovic @brankomilan.bsky.social · 18h

Group D is a majority group in economics. They are conservative liberals. They would do everything the same but are unhappy with ability of the rich (they do not like the term capitalist) to evade or avoid taxes. For them capitalism as it is on "paper" is an ideal system;

Branko Milanovic @brankomilan.bsky.social · 18h

Group C are radical redistributionists. They would leave relations of production and even pre-distribution more or less as it is, but they would hit capitalists by high taxes. Hit them really hard. They are a radical wing of group D. They like FDR.

Branko Milanovic @brankomilan.bsky.social · 18h

Group B focuses on pre-redistribution. They leave capitalist relations of production formally the same, but they want to increase the minimum wage, empower trade unions, improve health insurance provided by companies, limit duration of work. They are meliorists like Fabians.

Branko Milanovic @brankomilan.bsky.social · 18h

to make workers more important in managing companies thereby changing distribution "internally". They are the most radical b/c they change the nature of capitalism in production.

Branko Milanovic @brankomilan.bsky.social · 18h

Group A are "socialists", or people who want to change power & distribution within the key locus, locus of production. Some want to give decision-making power to workers only; others want to constraint the power of shareholders,

Branko Milanovic @brankomilan.bsky.social · 18h

Reposted by Bruno Amable

Reposted by Branko Milanovic

Branko Milanovic @brankomilan.bsky.social · 1d

Thank you, David!

Reposted by Branko Milanovic

David Lay Williams @laywilliams.bsky.social · 1d

@brankomilan.bsky.social has been writing excellent stuff lately. He is now pushing for a “tax on greed.” Worth reading!

open.substack.com/pub/branko2f...