Egalitarian cure?

"Responding to Chinese challenge with democratic socialism" by Thomas Piketty, 13 July 2021. In a recent blog post, Piketty argues that the most salient way for the West to address the supposed "Chinese challenge" is to be honest about chronic shortfalls at home and launch big investments into human capital and physical infrastructure. This will… Continue reading Egalitarian cure?

Persistence of revolution

A year ago around this time, I wrote the blog post "China and inequality" as a reflection of mine on recent academic papers within economics on the issue of income and wealth inequality in pre and post-revolution China. This week, another intriguing paper on this topic was released by Alesina et. al. 2020: "Persistence through… Continue reading Persistence of revolution

Pandemic responses for developing countries

Spending time in self-isolation in foreign land has naturally triggered me to quietly observe the variety of pandemic responses being executed, either directly through my own observations (in Indonesia) or indirectly through regular conversations with colleagues who come from different parts of the world. These days, my way to show my care for someone that… Continue reading Pandemic responses for developing countries

A week of applied microeconomics

It has been a great week of recognition for the field of applied microeconomics, especially for people working in the intersections of development economics and political economy. Yesterday, it was announced that Melissa Dell, an applied microeconomist, was awarded this year's John Bates Clark Medal for her work on the role of the state, institutions,… Continue reading A week of applied microeconomics

The return of development economics?

The news of this year's Nobel laureate(s) in Economic Sciences was just an hour ago announced to be the economists Abhijit Banerjee, Esther Duflo and Michael Kremer for their work to alleviate global poverty, the official announcement said. Hopefully, this will bring development economics back on the radar of mainstream economics and make the field… Continue reading The return of development economics?

China and inequality

In many developing countries with a deeply rooted legacy of socialism and egalitarianism, debates about choosing between the policy preferences of economic growth, equality and social justice remain as contentious as ever. Within economics, unanimity is really never meant to be achieved when studying the following questions: What is the optimal tax rate? What is… Continue reading China and inequality