The Bigger Picture | Lecture 5 | Inequality 101 with Branko Milanovic & Arjun Jayadev

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How do we fight inequality? In this fifth and final lecture in the Institute for New Economic Thinking’s “Inequality 101” series, Arjun Jayadev and Branko Milanovic discuss possible policy solutions to inequality, including opening borders and raising taxes on capital gains.
About Inequality 101: newth.ink/inequality
Inequality, in many ways, may be the biggest question of our times. And yet it is a topic that is still underexplored in conventional economics curricula. In this five-part lecture series from the Institute for New Economic Thinking, economists Arjun Jayadev ( @AzimPremjiUniversity ) and Branko Milanovic ( @GradCenterCUNY ) break down what inequality is, how we measure it, why it exists, and how to address it.
0:00 Introduction
0:34 Borders
9:38 Universalism
13:44 Taxation
18:58 Macroeconomics
21:11 Transmission of advantages
27:26 Gender inequality

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29 янв 2020

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Комментарии : 11

@nataanda2486 3 года назад

i have many open questions and uncertainties about Milanovic's statements. Jayadev is much more comprehensive and coherent.

@earlpierce2586 4 года назад

Removing border would not reduce wealth inequality when it would increase the total labor supply in a world of increasing automation. Would life improve for more people? Yes. Would this reduce the rate of inequality? Not in the long term. That will take policy and cultural mindset changes.

@totonow6955 4 года назад

Two guys talk about how to keep us from eating the rich. Unfortunately, none of the conversation covers the effects of perpetual growth so the environment collapses around them as they talk.

@xandercorp6175 4 года назад

Arguing that money and people are essentially the same is a very shaky starting point for seeing any sort of big picture.

@collinsmusumba4460 4 года назад

It's clear they have a deep well-rooted understanding of the topic yet they fail to bring out any radical ideas for fear of sounding out "storm the castle".

@kuba-bo3mm Год назад

1. Moving people from one country to other may solve the problem with wages level but will also generate multiple social issues (home/rent prices, access to medical system, access to educational system). 2. Migration is not a pleasure process for foreigners. Leaving family and own country is not possible for everyone. 3. In this context "reversed migration" is an option. I mean: move the factories, centers of services to poorer countries. They offer better salary than local companies. 4. All in all "western countries" should be more open.

@markosiridzanski2181 2 года назад

Why should people pay for services they do not consume? I think it is not a fair point; causes of inequality are not directly linked to this notion

@McInerneyEoin Год назад

They are not jobs at the lower end of the income distribution, they are lower value jobs.

@douglastjones9830 4 года назад

Wow, what a disappointing conclusion to a wonderful series! Short answer - second class citizens, no borders, and more taxes. How did the EU work out for you... unbelievably short sighted and close minded thinking by very intelligent people. No discussion of what money is, fiat currency issues, political and economic power of banking elite via the power of the printing press, etc.