Is Modi’s move to scrap high-denomination notes more about politics than economics?

See here as well as below my piece on the Modi government’s move to scrap high-denomination currency notes in India: The Government of India’s decision to abolish high denomination notes of Rs 500 and Rs 1,000 has been given two primary rationales. The first is to address a problem of counterfeiting, suggested to emanate from across the … More Is Modi’s move to scrap high-denomination notes more about politics than economics?

The New Secretary-General, and the Next: Reforming International Appointments

The announcement that the new Secretary-General of the United Nations will be Antonio Guterres of Portugal brings to an end a process of making this important appointment which has been more transparent than ever (as it included such innovations as a public debate between declared candidates). However, despite the credentials of the new Secretary-General and … More The New Secretary-General, and the Next: Reforming International Appointments

World Data! Introducing the Global Consumption and Income Project

On April 15th, 2016, we will  hold an open public event in New York to launch the Global Consumption and Income Project, making the unprecedented data on material living standards that we have collected for the first time freely available to all users.  The datasets we have constructed describe the levels of income and consumption of the populations … More World Data! Introducing the Global Consumption and Income Project

The global ‘middle class’: don’t believe the hype!

There has been a lot of crowing in recent years about the so-called global middle class. Does such a thing really exist? If so, how many people belong to it and where do they live? My colleagues and I, in the Global Consumption and Income Project, attempt in our most recent paper  to distinguish different concepts of the … More The global ‘middle class’: don’t believe the hype!