Ranaldi, Marco;
(2025)
Capitalism in Transition.
Proceedings of the Paris Institute for Advanced Study
, 21
pp. 1-22.
10.5281/zenodo.15827497.
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Abstract
This essay draws on a recent agenda on compositional inequality to analyze the diversity of distributional varieties of capitalism and their macroeconomic and political implications. It identifies two key stylized facts that illustrate how distributional patterns vary both across nations and globally. It then considers the normative appeal of a compositionally equal economy and explores how such an ideal might intersect with four major economic transitions of our time. Finally, it briefly examines the relationship between bottom-up capitalization and employment creation, drawing on insights from the compositional inequality framework and Michał Kalecki's classic reflections on the political limits of sustained full employment.
| Type: | Article |
|---|---|
| Title: | Capitalism in Transition |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.5281/zenodo.15827497 |
| Publisher version: | https://doi.org/10.5281/zenodo.15827497 |
| Language: | English |
| Additional information: | © The Author 2025. Original content in this paper is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International (CC BY-NC 4.0) Licence (https://creativecommons.org/licenses/by-nc/4.0/). |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of Arts and Humanities |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10210925 |
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