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Why is the Serbia-Kosovo situation globally serious?
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The red bourgeoisie
June 3, 1968 was a beautiful late Spring day in Belgrade. The school year was just about to end, and, for me the best days were about to begin: until the mid-July when many of my friends who had either relatives in the village or second homes on the seaside would go on […]
Thinkin’ ‘bout a revolution
As I suppose many older people do, I was thinking about the most important parts of my life, not only personally, but socially: how did the social forces around me affect me and made me think what I think. There is little doubt that for most of my generation in the West […]
BRICS and non-alignment today
The expansion of BRICS membership is directly related to the expansion of NATO and NATO-like alliances around the world. When this statement is read superficially without understanding what is meant it seems wrong: the two organizations could not be more dissimilar. The new globalized NATO is a hierarchical, monolithic, and military alliance. […]
Why slave-owners never willingly emancipated their slaves?
When I wrote my chapter on Adam Smith in The Visions of inequality (to be published October 10) I considered including a section discussing Smith’s views on slavery. I eventually decided against it because slavery plays only an incidental role in Smith; most of his analysis in The Wealth of Nations assumes the […]
On global inequality, China's rise, the war in Ukraine: My conversation with "Atlantico"
What is your take on the riots that are going on in France at the moment? To be completely honest, I don't have a full understanding of the situation. However, upon superficially examining the available French data, it doesn't appear that income inequality is increasing in France. This observation holds true not only for the past […]
Equality based on exclusion
The ideological history of the idea of equality (“Equality: The History of an Elusive Idea”) is an ambitious, erudite and well-written book by Darrin M. McMahon. In eleven chronological chapters McMahon shows how societies as diverse as hunter-gatherers, Greeks and Romans, early and medieval Western Christians, French revolutionaries etc. and ultimately the […]
The new colonialism, or how some countries have lost self-respect
There is a news items today that, in simply reaffirming in an extreme form what was happening in the past thirty years, struck me. The Prime Ministers of the Netherlands and Luxembourg, presumably on behalf of the European Union, visited Serbia (before going to Kosovo) for less than 24 hours. They were received with the […]
Athenian dialogues on global income inequality
Glaucon (G). Good day, Adeimantus. I have a good news for you. Perhaps you have already heard that global inequality measured by the differences in real incomes between people has decreased significantly during the past 30 years and this is the first such big decline since the Industrial Revolution. Adeimantus (A). Good day to you […]
State capitalism one hundred years ago and today
A few days ago I re-read the book of Lenin's final years’ speeches and letters. The book covers the years 1922 and 1923 (Lenin died in January 1924). I grabbed the book simply because I saw it on my shelf and having read it probably twenty years ago I could not remember exactly what was […]

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A blog for Econ students, by Econ students.