The Disciplines Series: The Idea of Development

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

Friday, February 22, 2013  6:15pm International Affairs Building, Room 417 (Altschul Auditorium)

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Free and open to the public

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Institute for New Economic Thinking

University Seminar in Economic History

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.

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