Eric Lonergan, Mark Blyth
Economics increasingly fails to explain why the pressures of life appear to be intensifying at the same time as income per capita is rising, or why we work more hours for less money in real terms. And why we see the rise of nationalism everywhere when globalization, on average, has made us all richer. The disconnect between our experience of the world and the economic model used to explain it has given rise to "angrynomics": an economy of heightened uncertainty and anger, where faith in the workings of markets and politics has been undermined and rapid and seemingly ever-accelerating economic change has become something to be feared.
Eric Lonergan and Mark Blyth have written a book for anyone anxious, worried – or angry – about the mismatch between how they experience the world with the increasing day to day pressures they face and the model used by economic elites and politicians to explain and justify it. In a powerful and passionately argued analysis, they bring their critical insight and expertise to bear on the nature of angrynomics and offer a set of radical and innovative policies that cut across tired party political lines – and that if implemented might just help the world to be a less angry place.
Introduction: from economics to angrynomics Dialogue 1 Public anger and the energy of tribes Dialogue 2 The moral mobs and their handlers Dialogue 3 Macroangrynomics: capitalism as hardware Dialogue 4 Microangrynomics: private stressors, uncertainty and risk Dialogue 5 Calming the anger: from angrynomics to an economics that works for everyone Conclusions
Eric Lonergan is a macro hedge-fund manager in London. He studied PPE at Oxford and has an MSc in economics and philosophy from the London School of Economics. He is the author of Money (2009/2014).
Mark Blyth is the William R. Rhodes ’57 Professor of International Economics at Brown University. He is the author of Austerity: The History of a Dangerous Idea (2013/2015).