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Branko Milanovic @brankomilan.bsky.social · 1h

A note on Keynes’ “Economic Possibilities…”

Reposted by Branko Milanovic

"... 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.

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Branko Milanovic @brankomilan.bsky.social · 13h

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...

branko2f7.substack.com

Against purposeful activity and Abrahamic religion in a world of abundance

A note on Keynes’ “Economic Possibilities…”

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Chris Bertram @crookedfootball.bsky.social · 29/09/2026

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.

branko2f7.substack.com

Against purposeful activity and Abrahamic religion in a world of abundance

A note on Keynes’ “Economic Possibilities…”

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Branko Milanovic @brankomilan.bsky.social · 28/09/2026

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...

branko2f7.substack.com

Against purposeful activity and Abrahamic religion in a world of abundance

A note on Keynes’ “Economic Possibilities…”

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Branko Milanovic @brankomilan.bsky.social · 28/09/2026

branko2f7.substack.com

Against purposeful activity and Abrahamic religion in a world of abundance

A note on Keynes’ “Economic Possibilities…”

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Benjamin Kunkel @kunktation.bsky.social · 28/09/2026

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...

newleftreview.org

NEW LEFT REVIEW 160 LAUNCH

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Tim Goodacre - Writer @timgoodacre.bsky.social · 28/09/2026

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.

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Reposted by Branko Milanovic

Nils Gilman @nilsgilman.bsky.social · 28/09/2026

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.

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Branko Milanovic @brankomilan.bsky.social · 26/09/2026

My new piece with Nils Gilman The End of Upward Mobility The interaction of AI and homoploutia www.noemamag.com/the-end-of-u...

noemamag.com

The End Of Upward Mobility | NOEMA

Artificial intelligence is coming for the meritocracy.

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Branko Milanovic @brankomilan.bsky.social · 25/09/2026

My today's Substack My cousin, a non-person A twentieth-century story branko2f7.substack.com/p/my-cousin-...

branko2f7.substack.com

My cousin, a non-person

A twentieth-century story

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Branko Milanovic @brankomilan.bsky.social · 22/09/2026

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

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Branko Milanovic @brankomilan.bsky.social · 22/09/2026

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.

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Branko Milanovic @brankomilan.bsky.social · 21/09/2026

On artificial intelligence & homoploutia. And their interaction.

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Branko Milanovic @brankomilan.bsky.social · 20/09/2026

It is was not for the USSR, whom the both hate, Putin and Zelensky would not have any infrastructure, refineries, bridges, roads, schools, hospitals to attack and destroy.

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Nils Gilman @nilsgilman.bsky.social · 20/09/2026

Two iconic (optimistic) Cold War era books: * Arthur Schlesinger, The Coming of the New Deal (1958) * Daniel Bell, The Coming of Post-Industrial Society (1973) Two iconic (pessimistic) post-Cold War era books: * Laurie Garrett, The Coming Plague (1994) * Robert Kaplan, The Coming Anarchy (2001)

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Branko Milanovic @brankomilan.bsky.social · 20/09/2026

Marketa Lazarovà Continuing with my capsule film reviews. I was lucky that tonight in NYC was the opening night of the digitalized version of "Marketa Lazarovà", the 1960s Czechoslovak movie. I knew of its title, that it is famous and that it takes place in the Middle Ages but nothing else.

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Branko Milanovic @brankomilan.bsky.social · 19/09/2026

AI and homoploutia and how they might interact.

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Noema Magazine @noemamag.com · 17/09/2026

Will 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

noemamag.com

The End Of Upward Mobility | NOEMA

Artificial intelligence is coming for the meritocracy.

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Nils Gilman @nilsgilman.bsky.social · 18/09/2026

In my latest piece, with @brankomilan.bsky.social, we contemplate how exactly AI is likely to affect the class structure. BLUF: absent policy intervention, it's going to end social mobility, because the sorts of jobs that once enabled mobility are the ones going away www.noemamag.com/the-end-of-u...

noemamag.com

The End Of Upward Mobility | NOEMA

Artificial intelligence is coming for the meritocracy.

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Branko Milanovic @brankomilan.bsky.social · 15/09/2026

The French translation of my latest Substack.

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Martin Anota @manota.bsky.social · 14/09/2026

"Le revenu des capitalistes devrait augmenter car les entreprises d'IA appartiennent à des personnes physiques et ces individus, comme les actionnaires en général, sont aisés" Ma traduction 👉 annotationsbis.blogspot.com/2026/09/mila...

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Branko Milanovic @brankomilan.bsky.social · 14/09/2026

My today's Substack Three types of literature regarding the world of AI Economics, politics and philosophy for a new era branko2f7.substack.com/p/three-type...

branko2f7.substack.com

Three types of literature regarding the world of AI

Economics, politics and philosophy for a new era

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Branko Milanovic @brankomilan.bsky.social · 13/09/2026

Keynes in his 1930 essay "Economic Possibilities for our Grandchildren" had an aristocratic view of what leisure time (assuming, as he did, 15 hours of work weekly) would imply: reading poetry, going with friends to the countryside, discuss philosophers, evening in a theater, champagne afterwards.

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Branko Milanovic @brankomilan.bsky.social · 13/09/2026

I do not think that having a fifth of working age adults having no paid activity but depending on handouts by the state or by Silicon Valley bosses is a recipe for a healthy society. In today's society, most people dislike or hate their jobs, so permanent leisure seems attractive,

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Per Engzell @pengzell.bsky.social · 11/09/2026

Meanwhile, the share of people earning positive income from interest, dividends, rents, and private pensions more than doubled from 12% to 27%. Their paper is here:

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Branko Milanovic @brankomilan.bsky.social · 12/09/2026

I said there are three ways to deal with an increased capital share that may come with massive introduction of AI. 1 Create unconditional guaranteed minimum income (not ideal; people need meaning in their lives; they need jobs);

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Russell Prince @russellprince14.bsky.social · 10/09/2026

Looking through a report on climate inequality and surprised (not really) by how this graph of carbon emission growth mirrors the @brankomilan.bsky.social elephant graph, which is often said to help explain current global politics. The third graph shows the inequality is more within country now

Graph showing emissions change across percentiles from lowest to highest. 0 to 80 show an increase of around 25%, 80-95 show a decline, over 99 show a large increase

The elephant graph showing income change across percentiles, with increases for 10-70 percentile and 0ver 95 percentiles, and a slight declines for 75 to 85 percentile

Graph showing that in 1990 global carbon inequality was mostly explained by between country inequality, but is now explained more by within country inequality

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Branko Milanovic @brankomilan.bsky.social · 10/09/2026

Artificial intelligence and truth. During the past six months or so I have been receiving adulatory messages about different books I wrote. Some of the messages sound real. But most, I am sure, are AI-generated and fake. So I do not reply to any.

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Branko Milanovic @brankomilan.bsky.social · 06/09/2026

Argentina's GDP per capita in relation to the world's average GDP per capita (all in PPP terms). Argentina reached a peak in 1955 with a income 70% greater than the world average. It is currently just slightly below the world average.

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Branko Milanovic @brankomilan.bsky.social · 04/09/2026

A book-length conversation on the topics of capitalism, climate change, and inequality between Jason Hickel and me is coming out later this year or early next year (Polity Press; Ian Malcolm, editor).

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City Atlas @cityatlas.bsky.social · 03/09/2026

Graph from: bsky.app/profile/bran...

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Guillaume A.W. Attia @gawattia.bsky.social · 04/09/2026

The world is changing. Read @brankomilan.bsky.social’s ‘The Great Global Transformation’ for a sense of what ‘national-market’ liberalism in the U.S and elsewhere might look like in a multipolar world: substack.com/@thereadingp...

substack.com

The New Great Transformation

A Review of Branko Milanović’s The Great Global Transformation

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Branko Milanovic @brankomilan.bsky.social · 03/09/2026

An interesting and challenging article by Benjamin Kunkel that discusses the end of neoliberal globalization and reviews five books on the topic & on what might folllow: Marvin Suesse "The Nationalist Dilemma", 2023; Jamie Merchant "Endgame", 2024;

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Branko Milanovic @brankomilan.bsky.social · 01/09/2026

Review of Westad's "The Coming Storm"

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Branko Milanovic @brankomilan.bsky.social · 01/09/2026

My today's Substack: Lions of today, sheep of tomorrow Review of Odd Arne Westad’s “The Coming Storm” branko2f7.substack.com/p/lions-of-t...

branko2f7.substack.com

Lions of today, sheep of tomorrow

Review of Odd Arne Westad’s “The Coming Storm”

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Branko Milanovic @brankomilan.bsky.social · 01/09/2026

My today's Substack: Lions of today, sheep of tomorrow Review of Odd Arne Westad’s “The Coming Storm” branko2f7.substack.com/p/lions-of-t...

branko2f7.substack.com

Lions of today, sheep of tomorrow

Review of Odd Arne Westad’s “The Coming Storm”

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Branko Milanovic @brankomilan.bsky.social · 28/08/2026

Adam Smith reviews Acemoglu Johnson & Robinson: Africa, however, as well as several of the countries comprehended under the general name of the East Indies, are inhabited by barbarous nations. But those nations were by no means so weak and defenceless as the miserable and helpless Americans

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Branko Milanovic @brankomilan.bsky.social · 27/08/2026

Perhaps some people might like to read the piece that I wrote on the occasion of the fourth (unhappy) anniversary of the Russo-Ukrainian war. The long-term political consequences of Mr. Putin branko2f7.substack.com/p/the-long-t...

branko2f7.substack.com

The long-term political consequences of Mr. Putin

Regardless of how the Ukraine-Russia war ends, there would be, I believe, inevitably serious geopolitical consequences for Russia.

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Elías Cueto @eliascueto.eurosky.social · 26/08/2026

En este artículo , @agarzon.substack.com analiza el trabajo de Acemoglu sobre el efecto de la IA en la economía. La conclusión es la misma de @brankomilan.bsky.social hace unos días: la tecnología y el mercado no producen automáticamente una prosperidad compartida. www.eldiario.es/economia/ata...

eldiario.es

¿Por qué atacan al Nobel que defiende a la clase trabajadora?

Daron Acemoglu ha utilizado las herramientas de la economía convencional para mostrar que la tecnología y el mercado no producen automáticamente una prosperidad compartida. Aceptar ese razonamiento po...

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Tim Goodacre - Writer @timgoodacre.bsky.social · 27/08/2026

This morning's watch: Long, but an all-star panel talking about global inequality 💚

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