Occupation: Economist Birth: October 24, 1953
I was at the World Bank and a commission reviewed our work on inequality for the U.S. Congress or somebody, and the head of the commission said to us….
People in the rich countries who have done very well, who are at the top of the income pyramid, try to steamroll over the opposition of the middle wi….
Global inequality is such an abstract concept, simply because there is no global government. Telling people in rich countries who have had no increas….
If, for example, each of us had the same share of capital in the national total capital, then if the share of capital goes up it's not a problem, bec….
The middle class in the rich countries is where the political game is being played. They are voting in elections in the U.S., U.K., France and German….
When the industrial revolution happened there was the Luddistic movement, and there was a fear that machinery would replace all the labor. Whenever w….
In the U.S. when people like me started writing things about inequality, the economic journals had no classification for inequality. I couldn't find ….
Even if parties associated with right wing populism don't win, they push other parties, the centrist parties, towards their position. So they do have….
While you can say that the problem of the middle class in the rich countries is too much globalization, the problem of the people who are very poor i….
If we knew what type of jobs would exist in 20 years, we would be quite rich. But we just cannot visualize it..
Well, you can do whatever you want, but just don’t call it inequality. Put the word poverty there. Because we have many rich people on our board, and….
Most people believe that inequality is rising - and indeed it has been rising for a while in a number of rich countries. And there is lots of talk an….
What is different between national inequality and global inequality is you have another element there that is sometimes forgotten: what matters for g….