Capitalism, Inequality, and the Myth of Catch-Up Development

The myth of catch-up development: trends in core–periphery inequality from 1960 to 2023

The conventional narrative in international development holds that poorer countries are “catching up” with richer countries through the process of capitalist growth. This paper assesses this claim ...

‘Self-termination is most likely’: the history and future of societal collapse

An epic analysis of 5,000 years of civilisation argues that a global collapse is coming unless inequality is vanquished

Global Inequality — Harvard University Press

Winner of the Bruno Kreisky Prize, Karl Renner InstitutA Financial Times Best Economics Book of the Year An Economist Best Book of the Year A Livemint Best Book of the YearOne of the world’s leading economists of inequality, Branko Milanovic presents a bold new account of the dynamics that drive inequality on a global scale. Drawing on vast data sets and cutting-edge research, he explains the benign and malign forces that make inequality rise and fall within and among nations. He also reveals who has been helped the most by globalization, who has been held back, and what policies might tilt the balance toward economic justice.“The data [Milanovic] provides offer a clearer picture of great economic puzzles, and his bold theorizing chips away at tired economic orthodoxies.”—The Economist“Milanovic has written an outstanding book…Informative, wide-ranging, scholarly, imaginative and commendably brief. As you would expect from one of the world’s leading experts on this topic, Milanovic has added significantly to important recent works by Thomas Piketty, Anthony Atkinson and François Bourguignon…Ever-rising inequality looks a highly unlikely combination with any genuine democracy. It is to the credit of Milanovic’s book that it brings out these dangers so clearly, along with the important global successes of the past few decades.—Martin Wolf, Financial Times

Exocapitalism: economies with absolutely no limits

There is a touch of destiny with this one. We have real…

Roadmap - New Economies for Eradicating Poverty

Rights-based, post-growth policies that make poverty eradication a deliberate outcome of restructured economies — not a trickle-down side effect of destructive growth.

The Fallacy of Endless Economic Growth

What economists around the world get wrong about the future.

Post-growth

Post-growth is an umbrella term that refers to a broad family of economic, ecological, and political perspectives responding to the limits-to-growth dilemma —the recognition that infinite economic growth is biophysically unsustainable on a finite planet. Central to post-growth thinking is the shift of the focus out of GDP growth as the main goal of the economy. Instead, well-being becomes the main objective. Post-growth puts emphasis on decoupling societal well-being from economic growth, advocating for the possibility of prosperity beyond growth.

Entrepreneuring for a Post-Growth Economy: From Sustainable to Post-Growth Entrepreneurship

Earth's critical planetary boundaries are being exceeded and current economic development models are failing to provide adequate societal benefits. Urgent

The Divide — Jason Hickel

The Divide: A Brief Guide to Global Inequality and its Solutions Penguin Random House UK, 2017

IDS Annual Lecture 2026 with Jason Hickel - Institute of Development Studies

Join us for the IDS Annual Lecture 2026 delivered by world-renowned political economist and author Prof Jason Hickel.

The Prospects of a Pluriversal Transition to a Post-Capitalist, Post-C

This book critically engages with a central dilemma facing counter-hegemonic movements as global crises intensify: how to foster systemic change while

Why did capitalism begin in the West?

Culture, class, and the origins of capitalist development

Denizen

What are some of the fundamental flaws of capitalism? How might we instantiate a market-based economy that is growth agnostic?

Brett Scott (@brettscott)

A lot of economists want to claim that economic growth is, at some deep level, driven by human greed. In this worldview, we always desire more and more, and so collectively seek to endlessly boost production I don’t buy this worldview at all I think economic growth is driven - at a deep level - by fear. It stems from the extreme insecurity of life in a capitalist market system, where you’re always on the verge of being cut out of society, and so need to over-secure your position through any means possible One of the most compelling pieces of evidence for this is the history of colonial beliefs around laziness. In many colonial regions, colonizers would complain about tribal people being lazy - in other words, not seeking to increase production when they could. The reason for this, however, was that such people had access to subsistence farming and secure social structures that did not require endless competition. Secure people are, by definition, ‘lazier’, in the sense that they do not perceive a visceral need to fight for survival The colonial mission then, was the cut them off from older means of survival, make them dependent on insecure market structures, and thereby boost production as they all turn up at the mines to elbow each other out of the way as they compete for jobs. Security, in other words, is the enemy of economic growth

World-systems theory

World-systems theory is a multidisciplinary approach to world history and social change which emphasizes the world-system as the primary unit of social analysis. World-systems theorists argue that their theory explains the rise and fall of states, income inequality, social unrest, and imperialism.