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The Economics of Belonging Reviews

The Economics of Belonging by Martin Sandbu

The Economics of Belonging: A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All

Martin Sandbu

Score pending

2 reviews

Imprint: Princeton University Press
Publisher: Princeton University Press
Publication date: 9 Jun 2020
ISBN: 9780691204529

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

4 stars out of 5
12 Jul 2020

"a crisply written analysis of economic discontents and their political consequences"

This is a crisply written analysis of economic discontents and their political consequences. Though written in the pre-pandemic era, the conclusions and prescriptions of this book are very relevant to our current debates.

The author is an economics commentator for the Financial Times. A decade of seeking to understand the reverberations of the Great Financial Crisis has equipped Sandbu with a lucid style and a thorough understanding of the great economic issues of our era.

Reviews

4 stars out of 5
10 Jun 2020

"Martin Sandbu’s prospectus is a radical plan, but where is the radical who will do it?"

The real argument of the book comes in the second half, namely that a set of radical but feasible policies holds the solution to inequality. And, if they were implemented, Sandbu eloquently argues, more globalisation would benefit all and defang populist polarisation. What are these policies? Spend more on education, and combine it with active labour market policies, a high minimum wage, and limits on top pay. Skilling up the workforce and compressing the wage distribution, as in the Nordic economies, will remove the incentive to hire low-wage, low-skill workers. The nice contrast presented here is between poor immigrants who manually wash cars at stoplights in the US, and the Norwegian operators of automated car washes.