I don’t have enough time to write a full post on this, but anyone who’s interested in this blog (and my previous post on this) will surely be interested in Branko Milanovic’s new estimates of global inequality, which suggest a decline from 2008 to 2011. However, the data isn’t perfect – when is it? – and Milanovic is open about the caveats, of which the hidden wealth of the super-rich seems particularly important. You can read the full post here.
Oh, and happy new year too!