Winner of the Bruno Kreisky Prize, Karl Renner Institut A Financial Times Best Economics Book of the Year An Economist Best Book of the Year A Livemint Best Book of the Year
One of the world’s leading economists of inequality, Branko Milanovic presents a bold new account of the dynamics that drive inequality on a global scale. Drawing on vast data sets and cutting-edge research, he explains the benign and malign forces that make inequality rise and fall within and among nations. He also reveals who has been helped the most by globalization, who has been held back, and what policies might tilt the balance toward economic justice.
“The data [Milanovic] provides offer a clearer picture of great economic puzzles, and his bold theorizing chips away at tired economic orthodoxies.” The Economist
“Milanovic has written an outstanding book…Informative, wide-ranging, scholarly, imaginative and commendably brief. As you would expect from one of the world’s leading experts on this topic, Milanovic has added significantly to important recent works by Thomas Piketty, Anthony Atkinson and François Bourguignon…Ever-rising inequality looks a highly unlikely combination with any genuine democracy. It is to the credit of Milanovic’s book that it brings out these dangers so clearly, along with the important global successes of the past few decades. Martin Wolf, Financial Times
Branko Milanovic is a Serbian American economist. A development and inequality specialist, he is currently a visiting presidential professor at City University of New York's Graduate Center and an affiliated senior scholar at the Luxembourg Income Study Center.
Joe Barrett has been a working stage, screen, and recording booth actor since 1974 and an award-winning and eight-time Audie Award-nominated audiobook narrator since 1999. He also practiced law for five years-but don't hold that against him. Joe is married to actress Andrea Wright, and together they have four children.
Table of Contents
1 The Rise of the Global Middle Class and Global Plutocrats 10
2 Inequality within Countries 46
Introducing Kuznets Waves to Explain Long-Term Trends in Inequality
3 Inequality among Countries 118
From Karl Marx to Frantz Fanon, and Then Back to Marx?
4 Global Inequality in This Century and the Next 155
5 What Next? 212
Ten Short Reflections on the Future of Income Inequality and Globalization
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