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Populism and Economics
About this book
Populism and Economics, Charles Dumas' latest book, examines the reasons for the rise in populism - Brexit and the election of Trump among other events - and how this discontent with the status quo has affected economics, both perceptions and reality. The book argues that while globalization and the influence of new technology have pulled the world economy out of recession and while the benefits of world trade are now spread more widely, there is a perception of injustice because of inequality within individual nations. In a detailed region-by-region analysis of the current state of the world economy and using exclusive research carried out by TS Lombard, Dumas shows how the perception of inequality now threatens to destabilize not only politics but also the economic order itself.
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Information
Table of contents
- Cover
- Also by Charles Dumas and Published by Profile
- Title Page
- Copyright Page
- Contents
- List of figures
- Introduction: neo-Luddite discontents
- 1. Globalisation, technology and demographics
- 2. What is a savings glut?
- 3. Financial crisis as excess saving boosts debts
- 4. Savings glut hobbles recovery
- 5. Recovery recovers – but is trend growth slower?
- 6. Income distributed away from the lower middle
- 7. Keynes vs Friedman, the bogus dilemma
- 8. The failure of monetarist solutions
- 9. The folly of inflation targets
- 10. Inflation targets threaten boom–bust
- 11. Tax distortions and avoidance worsen the savings glut
- 12. Japan – fertile ground for populist revolt
- 13. Can China dodge the ‘middle-income trap’?
- 14. Euro Area – growing now, but still divergent
- 15. Will Britain muddle through Brexit?
- 16. Euro-populism – to worsen or to cure global imbalances?
- 17. Summary: Can/should the tide of populism be turned?
- Appendix 1: Time to switch tax from income to assets
- Appendix 2: Time to limit limited liability?
- Bibliography
- Index