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Branko Milanovic

@brankomilan.bsky.social
4.8K followers 90 following 1.5K 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 Milanovic @brankomilan.bsky.social · 07/10/2026
On Keynes and abundance.
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Branko Milanovic @brankomilan.bsky.social · 07/10/2026
We shared interest in income distribution. Illustrating this empirical bent of mind, Anwar became very much interested in eco-physics and its modelling of the top of income distribution. He will be missed by many. Here is a picture from about two and half years ago.
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Branko Milanovic @brankomilan.bsky.social · 07/10/2026
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.
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Branko Milanovic @brankomilan.bsky.social · 06/10/2026
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.
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Nils Gilman @nilsgilman.bsky.social · 05/10/2026
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.”
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Branko Milanovic @brankomilan.bsky.social · 04/10/2026
In today's El Pais
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Branko Milanovic @brankomilan.bsky.social · 04/10/2026
No. 10 The ideological implications of China’s economic success Sinified Marxism and its future branko2f7.substack.com/p/the-ideolo...
branko2f7.substack.com
The ideological implications of China’s economic success
This essay is a (modest) attempt to look at the meaning of China’s experience as the country is being poised to become this year or the next, according to the official World Bank classification, a hig...
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Branko Milanovic @brankomilan.bsky.social · 04/10/2026
No. 9 On several Marxist themes in “Capitalism, Alone” My reply to Romaric Godin’s review branko2f7.substack.com/p/on-several...
branko2f7.substack.com
On several Marxist themes in “Capitalism, Alone”
My reply to Romaric Godin’s review
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Branko Milanovic @brankomilan.bsky.social · 04/10/2026
No. 8 The influence of Karl Marx—a counterfactual May 5, 2021: 203 years since Karl Marx's birth brankomilanovic.substack.com/p/the-influe...
brankomilanovic.substack.com
The influence of Karl Marx—a counterfactual
May 5, 2021: 203 years since Karl Marx's birth
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Branko Milanovic @brankomilan.bsky.social · 04/10/2026
Marx No. 7 for today The unexpected immortality of Karl Marx Text contributed for the exhibition "Marx und der Kapitalismus" currently held at the German Historical Museum in Berlin (10.II to 21.VIII; 2022) branko2f7.substack.com/p/the-unexpe...
branko2f7.substack.com
The unexpected immortality of Karl Marx
Text contributed for the exhibition "Marx und der Kapitalismus" currently held at the German Historical Museum in Berlin (10.II to 21.VIII)
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Branko Milanovic @brankomilan.bsky.social · 04/10/2026
No. 6 The evolution of Karl Marx A review of Kevin B. Anderson’s “Marx at the Margins” branko2f7.substack.com/p/the-evolut...
branko2f7.substack.com
The evolution of Karl Marx
A review of Kevin B. Anderson’s “Marx at the Margins”
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Branko Milanovic @brankomilan.bsky.social · 04/10/2026
No. 5 Marx No. 5 for today Die Karl Marx Frage The errors of presentism and exclusivism branko2f7.substack.com/p/die-karl-m...
branko2f7.substack.com
Die Karl Marx Frage
The errors of presentism and exclusivism
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Branko Milanovic @brankomilan.bsky.social · 04/10/2026
Marx No. 4 Marx Truncated A review of Shlomo Avineri’s “Karl Marx" branko2f7.substack.com/p/marx-trunc...
branko2f7.substack.com
Marx Truncated
A review of Shlomo Avineri’s “Karl Marx”
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Branko Milanovic @brankomilan.bsky.social · 04/10/2026
Marx No. 3 for today. The Third Marx Review of Marcello Musto's "The last years of Karl Marx" branko2f7.substack.com/p/the-third-...
branko2f7.substack.com
The Third Marx
Review of Marcello Musto's "The last years of Karl Marx"
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Branko Milanovic @brankomilan.bsky.social · 04/10/2026
No. 2 To work or not to work Can nations not work hard and continue to prosper? branko2f7.substack.com/p/to-work-or...
branko2f7.substack.com
To work or not to work
Can nations not work hard and continue to prosper?
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Branko Milanovic @brankomilan.bsky.social · 04/10/2026
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...
branko2f7.substack.com
A short essay on the differences between Marx and Keynes
As stimulated by Joan Robinson's "Essay on Marxian Economics"
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Francisco de Zárate @fzarate.eurosky.social · 04/10/2026
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...
elpais.com
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 ...
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Branko Milanovic @brankomilan.bsky.social · 04/10/2026
Changes in household wealth in the United States, 1989-2022 by Arthur Kennickell stonecenter.gc.cuny.edu/changes-in-h...
stonecenter.gc.cuny.edu
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.
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Branko Milanovic @brankomilan.bsky.social · 02/10/2026
After neoliberal globalization....
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Branko Milanovic @brankomilan.bsky.social · 02/10/2026
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...
leonliao.substack.com
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
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Martin Anota @manota.bsky.social · 01/10/2026
"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...
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The Syllabus @the-syllabus.bsky.social · 01/10/2026
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
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Branko Milanovic @brankomilan.bsky.social · 01/10/2026
A note on Keynes’ “Economic Possibilities…”
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RV @tawwaab.bsky.social · 01/10/2026
"... 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 · 30/09/2026
reminded me of @zachdcarter brilliant biography of Keynes "The Price of Peace” and of my review: The life of Maynard K. branko2f7.substack.com/p/the-life-o...
branko2f7.substack.com
The life of Maynard K.
A review of Zach Carter’s “The Price of Peace”
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Branko Milanovic @brankomilan.bsky.social · 30/09/2026
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
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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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
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.
Cover of "Hyperpolitics" by Anton Jager
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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
But the effects of the Great Depression are finally discussed in a book to be published next month. And a friend of mine is indeed writing, hopefully, an important book on the entire period.
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Branko Milanovic @brankomilan.bsky.social · 22/09/2026
Actually, I know that period badly too. It is not even studied in the former Yugoslavia much except as part of complaints, mostly by Croatian authors, that the Kingdom was too centralized and not sufficiently export-oriented (both of which are partly true).
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Branko Milanovic @brankomilan.bsky.social · 22/09/2026
to get disabused of any idea that more than 2-3 countries on the European continent had anything to do with democracy. (Polonski is very good on Polish and Baltic dictatorships.)
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Branko Milanovic @brankomilan.bsky.social · 22/09/2026
Greek Kingdom banned it only in 1936. For a nice short review of Eastern Europe between the two wars, read Anthony Polonski, The Little Dictators or Mark Mazower, The Dark Continent (the latter covers the entire Europe)---
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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
And it is of course elementary that you can have increased capital share, increased organic composition of capital (= higher K/L ratio), constant rate of profit, and higher real wage at the same time.
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Branko Milanovic @brankomilan.bsky.social · 22/09/2026
The issue was, and is, that many people might become surplus population, i.e. be permanently unemployed. So the simple arithmetic example, brought up in great pomp yesterday, is totally beside the point.
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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 · 21/09/2026
Recent post.
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Branko Milanovic @brankomilan.bsky.social · 20/09/2026
In other words, if the previous rulers were like them, there would be nothing to destroy in the whole Eurasian space. They would have to attack forests and rivers.
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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
Branko Milanović: “Milei tiene una política extrema, pero en reducir la inflación, no hay duda de que es un éxito” www.lanacion.com.ar/conversacion...
lanacion.com.ar
Branko Milanović: “Milei tiene una política extrema, pero en reducir la inflación, no hay duda de que es un éxito”
China y su crecimiento: ¿cuál es la fórmula? ¿Por qué América Latina se queda atrás? IA y trabajo: ¿mejorará o empeorará la desigualdad? Economía abierta: ¿más exitosa que la economía cerrada para log...
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Branko Milanovic @brankomilan.bsky.social · 20/09/2026
The film is about human condition, life and death, meaningless of wars. The movies simply go way beyond the plot. They will never be popular.
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Branko Milanovic @brankomilan.bsky.social · 20/09/2026
In both films, the plot is banal (although it took me two-thirds of the movie to figure out the plot in Marketa). But the plot –and this is the key distinction with the Hollywood type of movies—does not matter. The plot is irrelevant.
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