Degrowth is Necessary

Branko Milanovic recently published a post that tackles the idea of degrowth (an idea I favor) head on. He’s one of my favorite economic thinkers, who has spent years focusing on the topic of inequality, long before it became a topic of broad interest. That, and the fact that I find him to be incredibly forthright, […]

Dredging up the Rubber Band of Economic Inequality and the Bullwhip Curve

I’m sitting on a panel hosted by the Sasin Center for Sustainability Management at Chulalongkorn University that will follow a showing of Robert Reich’s documentary, “Inequality for All.” If you haven’t seen the film, it’s well worth the time. Here’s a short trailer. I’m dredging up a couple ideas that I’ve written about before for […]

Are We Entering The Bullwhip Curve?

The Economist took on a recent Oxfam publication which predicts that the 1% will own half of the world’s wealth by 2016.  (The chart on the left below shows the Oxfam forecast.)  The article in The Economist admonishes the Oxfam pub for their choice of dates (2010-2014) in projecting the trend, stating that starting instead […]

The Rubber Band of Economic Inequality

I’m reading Branko Milanovic’s “The Haves and the Have-Nots: A Brief and Idiosyncratic History of Global Inequality,” a book which puts inequality in a historical context to help us better understand our current circumstances.  In the book, he passes on an idea from John Rawls which suggests that “income distribution (should) move like a single interconnected […]