inequality

Davos & Inequality Continued: What does an alternative economic vision for the future look like?

Duncan Green - January 17, 2017

Deborah Hardoon, who really ought to be resting on her laurels after her report for Davos went viral yesterday, springs to the defence of (the right kind of) economics. Nerd Alert. As a student of economics, I always found the technical aspects of the subject deeply satisfying. Getting to the ‘right’ answer using algebra and statistics, solving ‘proofs’ and finding that stable equilibrium. Bliss. But …

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8 men now own the same as the poorest half of the world: the Davos killer fact just got more deadly

Duncan Green - January 16, 2017

It’s Davos this week, which means it’s time for Oxfam’s latest global ‘killer fact’ on extreme inequality. Since our first calculation in 2014, these have helped get inequality onto the agenda of the global leaders assembled in Switzerland. This year, the grabber of any headlines not devoted to the US presidential inauguration on Friday is that it’s worse than we thought. Last year it was …

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RIP Tony Atkinson: Here he is on our personal responsibility for reducing inequality

Duncan Green - January 2, 2017

Tony Atkinson, one of the world’s great thought leaders on poverty and inequality, died on New Year’s Day. Combining intellectual rigour and a profound commitment to social justice, his life’s work epitomised the economics profession at its best. Here he is in the final chapter of his 2015 book ‘Inequality: What can be done?’ ‘I do not accept that rising inequality is inevitable: it is …

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Power, Poverty and Inequality: a ‘love-peeve’ new IDS bulletin

Duncan Green - December 6, 2016

I have something of a love-hate relationship with the Institute of Development Studies (IDS) in Brighton, or more accurately, a love-peeve. I love the topics, the commitment to bottom-up approaches, and the intellectual leadership IDS has shown over the years on a whole range of issues dear to my heart. The peeve stems from its preference for abstruse language and reluctance to commit to the …

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What’s happening on Global Inequality? Putting the ‘elephant graph’ to sleep with a ‘hockey stick’

Duncan Green - October 26, 2016

For our second post on how to measure inequality (here’s the first), Muheed Jamaldeen, Senior Economist at Oxfam Australia, discusses absolute v relative Back in December 2013, two economists at the World Bank – Christopher Lakner and Branko Milanovic; produced a paper on ‘Global Income Distribution’, which presented a newly compiled and improved database of national household surveys between 1988 and 2008. As part of …

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The Politics of Measuring Inequality: What gets left out and why?

Duncan Green - October 25, 2016

Two posts on the measurement of inequality this week, so you’ll need to activate the brain cells. First up Oxfam researcher Franziska Mager summarizes a paper co-authored with Deborah Hardoon for a panel at the recent Development Studies Association conference on the power and politics behind the statistics. A version of this post appeared on Oxfam’s shiny new real geek blog. Inequality is a touchy …

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Talk is cheap, but will the World Bank really step up on inequality?

Duncan Green - October 4, 2016

Max Lawson, Oxfam’s Head of Development Finance and Public Services raises the curtain this week’s World Bank and IMF Annual Meetings before hopping on the plane to Washington I have been going to the Annual Meetings of the World Bank and IMF longer than I care to remember, certainly since most Oxfam policy wonks were still at school. Every time I go to the office …

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Getting carbon inequality onto the political agenda: the lessons of Brexit

Duncan Green - July 29, 2016

Guest post from Dario Kenner who describes himself as ‘an independent researcher currently exploring the links between policies to reduce inequality and ecological footprints’ In a fascinating post-Brexit blog George Marshall makes comparisons between the Remain campaign and how to/how not to successfully communicate on climate change issues. He says while the Leave campaign had a compelling storyline based on Let’s Take Back Control the …

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What’s happening to inequality in China? Update from a visit to Beijing

Duncan Green - June 7, 2016

Spent a fascinating few days in Beijing last week, at the invitation of Oxfam Hong Kong. The main topic was inequality, including a big seminar with lots of academics (NGOs are very research-based in China – it was a graphtastic, PhD-rich week). Here are some of the headlines: Income Inequality in China is changing fast. According to the National Bureau of Statistics, the Gini index …

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First inequality, now neoliberalism: how many statues are left to kick over outside the IMF?

Duncan Green - June 6, 2016

Max Lawson, now Oxfam International’s policy guy on inequality, shares his newfound love for an old foe Last week the IMF published an article in its magazine that caused a considerable stir around the world.  Entitled ‘Neoliberalism: oversold?’ the short piece by Jonathan D. Ostry, Prakash Loungani, and Davide Furceri, all from the Fund’s Research Department, questions whether the economic approach of neoliberalism has been taken …

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