My good friend and co-author Leif Wenar, in his first tweet, asked this question: “Friends, a utopia query. Keep human nature fixed. Imagine the best possible world. Does money exist?” I could not sleep last night so I decided to give it a thought.…Presently scarce resources are allocated by markets based on money. It's a distribution issue. Is a superior distributional system possible? Marx, of course, thought so.
Global Inequality
99 percent Utopia and money
Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International Peace
