Birth of Modern Prosperity, Part IV: Branko Milanovic on the Great Levelling & Beyond

The Industrial Revolution played in the hands of the rich. A century after James Watt revealed his steam engine, the richest 1% owned a whopping 70% of British wealth. Then things changed. Across rich countries, inequality plummeted for decades.

What changed? And how sustainable was this change? And what did it mean for the globe as a whole?

Join Branko Milanovic, author of Visions of Inequality, on this quest to understand how the fruits of modern prosperity were distributed. You can listen to it on Spotify, Apple Podcasts, or wherever your get your shows

Do you prefer reading to listening?

You can read my graphic essay on our conversation, titled “The Evolution of Inequality Under Capitalism”.

For other essays and episodes on “The Birth Of Modern Prosperity”, see:

#1 Oded Galor: Educating a New Generation

#2 Brad Delong: Laboratories of the New Era

#3 Daron Acemoglu: Power to the People

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