Martin Wolf

From the author of The Shifts and the Shocks and one of the most influential writers on economics a reckoning with how and why the relationship between democracy and capitalism is coming undone We are living in an age when economic failings have shaken faith in global capitalism Political failings have undermined trust in liberal democracy and in the very notion of truth The ties that ought to bind open markets to free and fair elections are being strained and rejected even in democracy s notional heartlands Around the world democratic capitalism which depends on the determined separation of power from wealth is in crisis Some now argue that capitalism is better without democracy others that democracy is better without capitalism This book is a forceful rejoinder to both views It analyses how the marriage between capitalism and democracy has become so fraught and yet insists that a divorce would be an almost unimaginable calamity Martin Wolf one of the wisest public voices on global affairs argues that for all its recent failings slowing growth increasing inequality widespread popular disillusion democratic capitalism though inherently fragile remains the best system we know for human flourishing Capitalism and democracy are complementary oppo

Para Susan George, «la globalización es una maquinaria para concentrar la riqueza y el poder en lo alto de la escala social». Para Martin Wolf, es «un proceso de integración de los mercados de bienes

La globalització liberal presenta un debat apassionant entre Susan George i Martin Wolf. Per George, la globalització és una maquinària destinada a concentrar la riquesa i el poder a la part més alta

A distinguished international economist here offers a powerful defense of the global market economy. Martin Wolf explains how globalization works, critiques the charges against it, argues that the biggest obstacle to global economic progress has been the failure not of the market but of governments, and offers a realistic scenario for economic internationalism in the post-9/11 age.

La relación entre capitalismo y democracia se ha vuelto problemática, pero ambos se necesitan mutuamente Hace tres décadas, tras el colapso de la Unión Soviética, el capitalismo democrático occidenta

From the author of The Shifts and the Shocks and one of the most influential writers on economics a reckoning with how and why the relationship between democracy and capitalism is coming undone We are living in an age when economic failings have shaken faith in global capitalism Political failings have undermined trust in liberal democracy and in the very notion of truth The ties that ought to bind open markets to free and fair elections are being strained and rejected even in democracy s notional heartlands Around the world democratic capitalism which depends on the determined separation of power from wealth is in crisis Some now argue that capitalism is better without democracy others that democracy is better without capitalism This book is a forceful rejoinder to both views It analyses how the marriage between capitalism and democracy has become so fraught and yet insists that a divorce would be an almost unimaginable calamity Martin Wolf one of the wisest public voices on global affairs argues that for all its recent failings slowing growth increasing inequality widespread popular disillusion democratic capitalism though inherently fragile remains the best system we know for human flourishing Capitalism and democracy are complementary oppos

Uno de los escritores sobre economía más influyentes del mundo. Muchos son los libros que han tratado de explicar las causas y el transcurso de la crisis financiera y económica que se inició en 2007

In The Shifts and the Shocks, Martin Wolf - one of the world's most influential economic commentators and author of Why Globalization Works - presents his controversial and highly original analysis of the economic course of the last seven years. There have been many books that have sought to explain the causes and courses of the financial and economic crisis which began in 2007-8. The Shifts and the Shocks is not another detailed history of the crisis, but the most persuasive and complete account yet published of what the crisis should teach us about modern economies and economics. The book identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system. In the eurozone, these sources of instability were multiplied by the tragically defective architecture of the monetary union. It also shows how much of the orthodoxy that shaped monetary and financial policy before the crisis occurred was complacent and wrong. In doing so, it mercilessly reveals the failures of the financial, political and intellectual elites who ran the system. The book also examines what has been done to reform the financial and monetary systems since the worst of the crisis passed. 'Are we now on a sustainable course?' Wolf asks. 'The answer is no.' He explains with great clarity why 'further crises seem certain' and why the management of the eurozone in particular 'guarantees a huge political crisis at some point in the future.' Wolf provides far more ambitious and comprehensive plans for reform than any currently being implemented. Written with all the intellectual command and trenchant judgement that have made Martin Wolf one of the world's most influential economic commentators, The Shifts and the Shocks matches impressive analysis with no-holds-barred criticism and persuasive prescription for a more stable future. It is a book no-one with an interest in global affairs will want to neglect. We have been inundated with books about the 'financial' aspects of the crisis. There have also been many books about specific institutions or memoirs by retired policy-makers. We need something different. There are two dimensions of the crisis that have received surprisingly little treatment. One is the link between developments in the macro-economy and the behaviour of the financial sector. The other is the global dimension of the crisis. Both these lie at the heart of Martin Wolf's analysis of the causes of the crisis and of his proposals to reduce the risk of another crisis. For these two reasons this is an important book that will be influential. Most important of all, it is in my view the right analysis and remedy. (Mervyn King). To think straight about the causes and solutions of the financial crisis we must reject orthodox assumptions that more finance and global financial integration are limitlessly beneficial. The Shifts and the Shocks does just that, providing an intellectually sparkling and vital account of why the crisis occurred, and of the radical reforms needed if we are to avoid a future repeat. (Adair Turner). Martin Wolf is unsurpassed in the world of economic journalists. His superb book may be the best of all those spawned by the Great Recession. It is analytical and rigorous without ever succumbing to fatalism or complacency. (Lawrence Summers).