The Economics of Belonging

The Economics of BelongingCondition: BRAND NEW ISBN: 9780691204529 Format: Trade binding Year: 2020 Publisher: Princeton University Press Description: A radical new approach to economic policy that addresses the symptoms and causes of inequality in Western society today Fuelled by populism and the frustrations of the disenfranchised, the past few years have witnessed the widespread rejection of the economic and political order that Western countries built up after 1945.

Condition: BRAND NEW
ISBN: 9780691204529
Format: Trade binding
Year: 2020
Publisher: Princeton University Press


Description:


A radical new approach to economic policy that addresses the symptoms and causes of inequality in Western society today

Fuelled by populism and the frustrations of the disenfranchised, the past few years have witnessed the widespread rejection of the economic and political order that Western countries built up after 1945. Political debates have turned into violent clashes between those who want to 'take their country back' and those viewed as defending an elitist, broken, and unpatriotic social contract. There seems to be an increasing polarisation of values. The Economics of Belonging argues that we should step back and take a fresh look at the root causes of our current challenges. In this original, engaging book, Martin Sandbu argues that economics remains at the heart of our widening inequality and it is only by focusing on the right policies that we can address it. He proposes a detailed, radical plan for creating a just economy where everyone can belong.

Sandbu demonstrates that the rising numbers of the left behind are not due to globalisation gone too far. Rather, technological change and flawed but avoidable domestic policies have eroded the foundations of an economy in which everyone can participate — and would have done so even with a much less globalised economy. Sandbu contends that we have to double down on economic openness while pursuing dramatic reforms involving productivity, regional development, support for small- and medium-sized businesses, and increased worker representation. He discusses how a more active macroeconomic policy, education for all, universal basic income, and better taxa