Abstract

Economic inequality has become one of the most important themes in the social sciences. The debate has revolved around two basic models. Was Kuznets correct in his prediction that inequality declines with economic growth, or was Piketty, along with others in the Berkeley/Paris/Oxford group, correct to counter that capitalism without severe constraints inevitably leads to increasing inequality? The resolution will depend on long-term historical analysis. In Global Inequality, Milanovic proposed new models to analyze the social, economic, political, and historical factors that influence changes in inequality over time and space. In Capitalism, Alone, he changes direction to examine what patterns of capitalism and inequality will look like in the twenty-first century and beyond, as well as how inequality might be reduced without violence.

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