Economic Policy

An excerpt from Branko Milanovic's book, The Great Global Transformation: National Market Liberalism in a Multipolar World. The book examines how the greatest changes in global incomes — the creation of a new upper class in China, and the decline of the middle class in the U.S. — since the Industrial Revolution are likely to influence the global economy in the next century.

Hear from two leading economic thinkers about how to solve the complex crisis of affordability.

Stone Center Junior Scholar and Ph.D. candidate Shou-Ming Chang, who worked as a legislative assistant in the parliament of Taiwan before coming to the Graduate Center, discusses his research, his interests in methods of measuring inequality, and what he learned from his government role.

Hear from two leading economic thinkers about how to solve the complex crisis of affordability.

M. Longmuir. Stone Center Working Paper Series no. 121. 2026.

Celina Su discusses her most recent book, Budget Justice: On Building Grassroots Politics and Solidarities, which examines participatory budgeting, a process through which neighbors gather to discuss proposals for funding projects related to community interests.

J. Mazza. Stone Center Working Paper Series no. 118. 2025.

P. Valetto and I. Marx. Stone Center Working Paper Series no. 116. 2025.

Affiliated Scholar Maximilian Kasy discusses his new book, The Means of Prediction: How AI Really Works (and Who Benefits), which offers a convincing argument for democratic control over AI’s objectives.

Z. Mo, K. Kaeppel, C. Schröder, and L. Yang. Stone Center Working Paper Series no. 115. 2025.