Category Archives: Inequality

Inequality & the First Globalisation

A follow-up to my previous post, “Did inequality cause WW1? Contra Hobson-Lenin-Milanovic“, elaborating on the inequality=>capital exports link in Branko Milanovic’s overall inequality=>ww1 claim. In the earlier post, two commenters took issue with my treatment of the inequality=>capital exports linkage. Of course I did … Continue reading

Posted in Income distribution, Industrial Revolution, Inequality, the First Globalization, The First World War | Tagged , , , , , , , | 5 Comments

Did inequality cause the First World War? Contra Hobson-Lenin-Milanovic

The “Hobson-Lenin Thesis”: inequality, ‘underconsumption’, capital exports, imperialism, and the Great War In a small section in his new book, Branko Milanovic argues that the First World War was ultimately caused by income & wealth inequality within the belligerent countries, resurrecting ideas from … Continue reading

Posted in Branko Milanovic, Foreign Investment, Inequality, the First Globalization, The First World War | Tagged , , , , , , , , , , , , , , | 20 Comments

Chile’s First Globalisation: Inequality, Frontier Expansion, and Immigration

This is a translation-reblog of the post by historian Javier Rodríguez Weber, “Globalisation and Inequality, for a ‘sophisticated’ version of the neoclassical intepretation” (original: “Globalización y Desigualdad. Por una versión ‘sofisticada’ de la interpretación neoclásica”). It shows how Chile’s income … Continue reading

Posted in Chile, Economic History, Inequality | Tagged , , | 3 Comments

Jo Guldi’s Curiouser & Curiouser Footnotes

In The History Manifesto, historians Jo Guldi, the Hans Rothfels Assistant Professor of History at Brown, and David Armitage, the Lloyd C. Blankfein Professor of History and Chair of the History Department at Harvard, repeatedly misunderstand or misrepresent the research they disparagingly cite in … Continue reading

Posted in Economic History, History Manifesto, Industrial Revolution, Inequality | Tagged , , , | 7 Comments

Ye Olde Inæqualitee Shoppe

A quick note : Income inequality in pre-industrial societies was, in general, lower than in modern industrial societies, but traditional agrarian economies tended to be closer to their “maximum feasible inequality” than modern ones.

Posted in Branko Milanovic, Economic History, Income distribution, Inequality | Tagged , , , , | Leave a comment

The emptiness of life will save us from mass unemployment

I don’t I have much to add to the debate about the dystopian robot future scenario envisioned by many people. But I do think the nightmare scenario is less mass unemployment than a kind of revamped neo-mediaevalism. I’m not predicting … Continue reading

Posted in Income distribution, Inequality, Technology | Tagged , , | 7 Comments

Global Income Distribution in 20 Charts

The global distribution of income in 1970-2006 in 20 charts. Not much text. Posting the charts because I thought they were neat…

Posted in Income distribution, Inequality | Tagged , , | 2 Comments