Who Gets What in the World?

Today I will be giving a ‘Special Lecture” on “Who Gets What in the World?” in honour of the 125th birth anniversary of P.C. Mahalanobis at the Indian Statistical Institute in Bangalore (announcement here) based on analyses from the Global Consumption and Income Project.   All are welcome.  The slides can be downloaded here.

Statistical Physics and the Social Sciences: What Potential Contribution?

In recent years there has developed a branch of economics which seeks to apply statistical physics approaches to understanding economic problems.  Some years ago, my colleague at the New School, Anwar Shaikh, introduced me to the pioneering work in this area that seeks to understand income distributions, for example by the physicist Y M Yakovenko.  … More Statistical Physics and the Social Sciences: What Potential Contribution?

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!