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Recent & Popular Posts
- Critiques of Edward Baptist
- Critiques of The History Manifesto
- Did inequality cause the First World War?
- Did the "Invisible Blockade" against Allende work?
- Economic growth in ancient Greece
- Fascism was not left-wing!!!
- Greece from Post-war orthodoxy to "Democratic Peronism"
- Ideology & Human Development (on Cuba's social development)
- Labour repression & the Indo-Japanese divergence
- Markets & famines: Amartya Sen is not the last word!
- Nazi political economy
- Random Thoughts on Robert Allen's theory of the Industrial Revolution
- State Capacity & the Sino-Japanese Divergence
- Sven Beckert's Empire of Cotton: A Reductionist Summary
- The Bairoch conjecture & the "tariff-growth paradox" of the late 19th century
- The Calico Acts: Was British cotton made possible by infant industry protection from Indian competition?
- The Napoleonic Blockade & the Infant Industry Argument
- Various posts on slavery
- Was slavery necessary for the Industrial Revolution?
- Where do pro-social institutions come from?
Tag Archives: underconsumption
Did inequality cause the First World War? Contra Hobson-Lenin-Milanovic
The “Hobson-Lenin Thesis”: Inequality, Imperialism, and the First World 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 John A. … Continue reading
Posted in Branko Milanovic, Foreign Investment, Inequality, the First Globalization, The First World War Tagged and the first world war, Branko Milanovic, capital exports, colonialism, endogenous world war 1, Hobson, Hobson-Lenin Thesis, imperialism, inequality, Lenin, The Great War, underconsumption 27 Comments