Trade Wars Are Class Wars
Michael Pettis
(Author)
Description
Winner of the Lionel Gelber Prize - Longlisted for the Financial Times & McKinsey Business Book of the Year Award - A Best Business Book of the Year by Strategy + Business - Selected by Financial Times as one of "Five Books to Boost Your Understanding of Tariffs and Trade Wars"
"The authors weave a complex tapestry of monetary, fiscal and social policies through history and offer opinions about what went right and what went wrong. . . . Worth reading for their insights into the history of trade and finance."--George Melloan, Wall Street Journal
Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. In this thought-provoking challenge to mainstream views, the authors provide a cohesive narrative that shows how the class wars of rising inequality are a threat to the global economy and international peace--and what we can do about it.
Product Details
| Publisher | Yale University Press |
| Publish Date | August 31, 2021 |
| Pages | 296 |
| Language | English |
| Type |  Paperback / softback |
| EAN/UPC | 9780300261448 |
| Dimensions | 7.7 X 5.0 X 1.0 inches | 0.6 pounds |
About the Author
Reviews
"The authors weave a complex tapestry of monetary, fiscal and social policies through history and offer opinions about what went right and what went wrong. . . . Worth reading for their insights into the history of trade and finance."--George Melloan, Wall Street Journal
Selected by Financial Times as one of "Five Books to Boost Your Understanding of Tariffs and Trade Wars"
"An eagle-eyed perspective on the global economy, underpinned by close analysis and a remarkable clarity of exposition. The book is a terrific survey of the forces behind today's global trade tensions and imbalances."--Ann Pettifor, Times Literary Supplement
"[O]ffers a deeper argument about the source of the trouble."--The Economist
"Matthew Klein and Michael Pettis have successfully woven a grand narrative linking income inequality, geopolitics, trade, finance and even environmental issues."--Maximilian Kärnfelt, Merics China Briefing Newsletter
"[Klein and Pettis] pack into just a few hundred pages a sweeping and powerful account of the interconnections between cutthroat politics and global economic imbalances."--Ryan Avent, Strategy + Business
"Elegantly argued and eclectically well-documented."--Andrew Yamakawa Elrod, New Labor Forum
"Trade Wars Are Class Wars is well-argued, eminently readable . . . and provocative."--Journal of Economic Literature
Winner of the Lionel Gelber Prize, sponsored by Munk Centre for International Studies
"An erudite, original, and provocative explanation of the global economic imbalances that have been at the root of numerous financial crises."--Ernesto Zedillo, director, Yale Center for the Study of Globalization
"This is a book that everyone concerned with the global economy should read. A fascinating account of the damage that rising inequality--especially in China and Germany--has done to all our economies."--Dani Rodrik, Harvard University
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