Income Inequality

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.

G. Alfani. Stone Center Working Paper Series no. 126. 2026.

B. Milanovic and M. Ranaldi. Stone Center Working Paper Series no. 125. 2026.

Erfurth et al. Stone Center Working Paper Series no. 122. 2026.

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

F. H. G. Ferreira et al. Stone Center Working Paper Series no. 120. 2026.

N. Lustig and A. Vigorito. Stone Center Working Paper Series no. 119. 2025.

An excerpt from Branko Milanovic's latest book, The World Under Capitalism: Observations on Economics Politics, History, and Culture, a 2025 collection of his essays from the last decade.

Branko Milanovic discusses his new book, The Great Global Transformation: National Market Liberalism in a Multipolar World, with Kirsten Sehnbruch at an event hosted by LSE's International Inequalities Institute.