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Economist Branko Milanovic analyses the costs and excesses of the current capitalist system

Branko Milanovic.

Branko Milanovic.

02/10/2019

Acadèmic

Branko Milanovic, professor at the University of New York, known for his studies on inequality, will present his book Capitalism, alone (Harvard University Press) on Wednesday, October 9, at the Faculty of Economics and Business of the UB. Participants in the presentation will be Marta Curto Grau, director-general of Economic Analysis in the Catalan Government, and Pablo Beramendi, professor of Political Sciences at Duke University.

In his book, Milanovic tells what we can expect from capitalism now that it is the world-leading economy system. The author notes capitalism works when providing prosperity, but it has its costs from both a moral perspective and regarding stability. The book analyses different types of capitalism, ranging from the one that causes inequalities seen in western countries to the Chinese capitalism, as well as international migrations.

Branko Milanovic is a senior scholar at the Stone Center on Socio-economic Inequality. He obtained his PhD in Economics from the University of Belgrade and served as lead economist in the World Bank’s Research Department for almost twenty years. He later wrote his book on income inequality, Worlds Apart (2005). His work The Haves and the Have-nots (2001) was selected by The Globalist as 2011 Book of the Year. Global inequality (2016) received the Bruno Kreisky Prize to the best political book of 2016 and was translated into twelve languages. In October 2017, Milanovic was awarded, together with Mariana Mazzucato, the 2018 Leontief Prize for Advancing the Frontiers of Economic Knowledge. He was senior associate at the Carnegie Endowment for International Peace (Washington, 2003-2005), and held teaching appointments at the University of Maryland (2007-2013) and at the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University (1997-2007).

 

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