TY - BOOK AU - Sandbu,Martin TI - The Economics of Belonging: A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All SN - 9780691228907 U1 - 330.9182/1 23/eng/20221020 PY - 2022///] CY - Princeton, NJ : PB - Princeton University Press, KW - BUSINESS & ECONOMICS / Economics / Theory KW - bisacsh KW - A Republic of Equals KW - Andrew Yang KW - Angus Deaton KW - Anne Case KW - Barry Eichengreen KW - Boris Johnson KW - Brexit KW - China Shock KW - Concrete Economics KW - Cultural Backlash KW - Dani Rodrik KW - David Blanchflower KW - Deaths of Despair KW - Donald Trump KW - Eric Kaufmann KW - J. Bradford Delong KW - Jon Haidt KW - Jonathan Rothwell KW - Make America Think Harder KW - Michael Gove KW - NAFTA KW - Nigel Farage KW - Not Working KW - Pippa Norris KW - Robert Wuthnow KW - Ronald Inglehart KW - Stephen Cohen KW - The Left Behind KW - The Populist Temptation KW - Whiteshift KW - antiglobalization KW - debt restructuring KW - debt traps KW - industrialization KW - intellectual property KW - labor markets KW - labor productivity KW - minimum wage KW - not left or right KW - populists KW - protectionism KW - rent-seeking KW - tariffs KW - taxing wealth KW - welfare society N1 - Frontmatter --; CONTENTS --; PREFACE TO THE PAPERBACK EDITION --; ACKNOWLEDGMENTS --; PART I. WHAT WENT WRONG? --; 1 The End of Belonging --; 2 Who Are the Left Behind? --; 3 Culture versus Economics --; 4 Half a Century of Policy Mistakes --; 5 Scapegoating Globalisation --; PART II. WHAT IS TO BE DONE? --; 6 Economics, Jobs, and the Art of Car Maintenance --; 7 Economic Policies for Empowerment --; 8 Macroeconomic Policy for the Left Behind --; 9 A Smarter Financial System --; 10 A Tax Policy for the Left Behind --; 11 Whose GDP? --; PART III. THE WAY FORWARD --; 12 Globalisation with a Human Face --; 13 Beyond Left and Right --; NOTES --; INDEX; restricted access N2 - A radical new approach to economic policy that addresses the symptoms and causes of inequality in Western society todayFueled 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 polarization 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 globalization 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 globalized 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 taxation of capital could work together for society’s benefit.Offering real answers, not invective, for facing our most serious political issues, The Economics of Belonging shows how a better economic system can work for all UR - https://doi.org/10.1515/9780691239521?locatt=mode:legacy UR - https://www.degruyter.com/isbn/9780691239521 UR - https://www.degruyter.com/document/cover/isbn/9780691239521/original ER -