Check out this excellent interview with @brankomilan.bsky.social about his new book: "The Great Global Transformation". The core thesis of the book is beautifully synthesized here. 👇👇👇
uscnpm.org/interviews/g...
This and the post on China (branko2f7.substack.com/p/the-ideolo...) suggests it’s not “marxism” being applied to specific circumstances, but rather people trying to solve present day problems with whichever tool and concept is useful —whatever the official line says.
In preparation for the discussion next Wed on Yugo econ theory 1950-90, and trying represent the main cleavages among participants I drew this simplified picture to show why Yugoslav self-management literature was fairly different from literature on the seemingly same topic in the West.
To understand this cleavage one has to begin by asking what was the central problem for Yugoslav economists with a new mode of production of socialist market economy: what is the normal price in such a system? That lead directly to Marx vol 3 & the price of production. Everything follows from that.
It all deals with decentralized socialist commodity production (or as neoclassics like to call it, decentralized socialist market economy). I am not sure where Kalecki in his work on socialism would fit, nor where to place Kornai. Kornai could (perhaps?) be placed as Walrasian but I am not sure.
In preparation for the discussion next Wed on Yugo econ 1950-90, and trying represent the main cleavages among participants I drew this simplified picture (perhaps to be improved). It shows also why Yugoslav self-management literature was fairly different from somewhat similar literature in the West
This is very well stated by Grdešić and Žitko who note the insularity of Yugoslav economic thought: not only were key Yugoslav economists uninterested in the Ward-Vanek-Meade approach, but both Lange-Lerner market socialism and Kornai’s later work attracted very little attention."
"Yugoslav economists’ discussion of self-managed socialism thus became entirely independent and unrelated to neoclassical economics (and also largely unrelated to the Marxist economics in the West that studied capitalism only).
My recent short essay:
The ideological implications of China’s economic success
Sinified Marxism and its future
branko2f7.substack.com/p/the-ideolo...
Chine, superpuissance tech et économique : quand le marxisme devient chinois et change le monde
French translation of my recent short essay on Sinification of Marxism
atlantico.fr/article/decr...
"So, yes: Chinese growth is slowing down faster than the typical world growth would slow, but China is still growing at significantly higher rates than we would expect, basing ourselves on the global data covering the past 75 years."
3 The need to observe simple rules: no interreference in domestic affairs, no foreign aggression.
Very simple. Very true.
thewire.in/world/multip...
He moves entirely to the new world.
1 Different bases of legitimacy of political institutions.
The need to cooperate regardless.
2 The new multilateral organizations that reflect today's world rather than that of 1945.
What is extraordinary in Sanchez's speech is that he does not attack Trump, Putin whoever (actually, he never mentions them by name) the way liberals do by invoking a world of the 1990s that never really existed.
In fact, he says nothing about the "end of history" world.
How severe is China's growth slowdown?
Picture shows the estimate of Gini that includes most of today's Western Europe, the Levant, Aegean, and North Africa.
Inequality declined significantly between 14 and 700 as mean income plummeted. But even in the first century, Gini was around 40, much lower level than over the same area today.
A friend reminded me of this paper (by myself!):
Income level and income inequality in the Euro-mediterranean region, c. 14–700
stonecenter.gc.cuny.edu/files/2019/0...
Good try!
On "The Great Global Transformation".
The recent death of a student at the University of Belgrade triggered a police raid and fresh government attacks on education.
Professors appear as the vanguard of a broad social movement, but their plans for change are less clear.
The human condition
What is the role of capital ownership in shaping global economic inequality?
@brankomilan.bsky.social and @marcoranaldi.bsky.social show that capital income has expanded rapidly around the world but remains concentrated among a small fraction of individuals at the very top.
#LSEInequalitiesBlog
Join us at Henry George School of Social Science for a conversation on #AI & our daily lives; the growing fears of AI in the labor markets, confusion in education sector, challenges and opportunities all across!
At 6:30PM EDT Tuesday, April 28, 2026 register here
www.hgsss.org/webinar/prog...
Edgeworth made the same argument. That's why utilitarianism is absolutely destructive for the study of inequality. Including Atkinson's measure of inequality.
My "favorite" kind of people are those who have stollen millions and millions from the breakup of the Soviet Union and then bought peerage or endowed academic institutions in the UK and...then write articles in the Financial Times how corrupt Russia is.
You really have to have balls to do that.
Great conversation! Alice Liu (Carter Center) and @brankomilan.bsky.social discuss his new book on the demise of global neoliberalism and the emergence of a new economic order. (My mini-review: The book is brilliant and depressing).
@stone-lis.bsky.social 👇👇👇
branko2f7.substack.com/p/asias-rise...
My new Substack
Asia’s Rise and the Self-Undermining Logic of Neoliberalism
My conversation with Alice Liu from the Carter Center
branko2f7.substack.com/p/asias-rise...
In my blog, a note on Dasgupta's book "After Nations:"
"A world dominated by nation-states is failing to deliver global peace, advanced democracy, or a sustainable and egalitarian economy"
@brankomilan.bsky.social
@politicaprosa.bsky.social
realprogressinenglish.blogspot.com/2026/04/afte...
