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Joseph Stiglitz, James K. Galbraith, and Branko Milanovic on “Global Inequality”

Past Series, The Disciplines Series, The Disciplines Series: The Idea of Development

Cosponsors
  • Institute for New Economic Thinking
  • University Seminar in Economic History
Notes
  • Free and open to the public
  • First come, first seated
  • Photo ID required for entry
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Download Professor Milanovic's paper here.

The relatively new field of inequality studies is gaining increasing momentum as economic disparity grows throughout the world, in advanced countries as well as less developed ones—especially in the United States. Speakers Joseph E. Stiglitz, professor of economics at Columbia University and the recipient of a John Bates Clark Medal and a Nobel Prize, James K. Galbraith, Professor of Government at the Lyndon B. Johnson School of Public Affairs, University of Texas, and Branko Milanovic, Lead Economist in the World Bank's Research Department, will address the progressive emergence of this new discipline: from its roots in classical economics, with its focus on the inequality of social classes (the functional distribution of income), to its shift, beginning in the early part of the twentieth, toward considering inequality among individuals. What sorts of data make it possible to measure inequality among citizens of a nation--between citizens of different nations? Can we measure inequality between individuals of different nations as if they belonged to the same one? Does a polarization measure say anything about the structure of a society? How do we measure what happens between the extremes of the very rich and the very poor?

This event is made possible through the generous support of the Andrew W. Mellon Foundation.

Participants
  • Featured Speaker Joseph E. Stiglitz University Professor Columbia University
  • Featured Speaker James K. Galbraith Professor of Government LBJ School of Public Affairs, University of Texas
  • Featured Speaker Branko Milanovic Visiting Presidential Scholar at The Graduate Center City University of New York
  • Respondent Sanjay Reddy Associate Professor of Economics The New School for Social Research
  • Chair Michele Alacevich Assistant Professor of History and Director of Global Studies Loyola University, Maryland