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Angrynomics

3.96  ·  Rating details ·  399 ratings  ·  52 reviews
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 mod ...more
Paperback, 192 pages
Published May 31st 2020 by Agenda Publishing
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Average rating 3.96  · 
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Venky
May 22, 2020 rated it really liked it  ·  review of another edition
Shelves: economics
In a concise albeit compelling new book, imaginatively titled, “Angrynomics”, Eric Lonergan, a macro hedge fund manager, economist, and writer, joins forces with Mark Blyth, William R. Rhodes Professor of International Economics at Brown University, to dwell about a form of anger, a moral outrage even, that has currently enveloped the world brining about in its wake, changes and trajectories that are both undesirable and welcome.

The book is written in a unique manner. The primary essence of the
...more
Jack Horan
Sep 15, 2020 rated it really liked it  ·  review of another edition
Really good summary of some simple things governments can do to address inequality and assuage anger and fear in society. They're currently doing none of it though. Get the finger out lads!! ...more
Garret Giblin
interesting discussion on some policies which could help tackle inequality (in developed countries at at least)
Binit Agrawal
Jul 22, 2020 rated it really liked it  ·  review of another edition
A very well written and easy to read book which lays bare the anger that we often see in the masses today. The anger against certain races, religions, classes and so on. The book delves into why we, as a global society, have become angrier and are increasingly becoming sectarian. What role does politics play in making this happen? What role has economics played in making this happen? How do we look and understand anger from a macro (felt on a society level) and a micro (felt at the individual le ...more
Benjamin
Jul 07, 2020 rated it it was amazing  ·  review of another edition
I know it's been a string of readings, and this book is VERY short (~100 pages, 2.5 hours of reading), but it addresses a critical problem right when it's most critical. Blyth and Lonergan talk about the economic reasons people are so viscerally angry, how this anger is manipulated, and what can be done to allow the world to progress rather than head off a cliff in swift pulls in one direction or another. ...more
Rick Wilson
Jul 19, 2020 rated it really liked it  ·  review of another edition
“How do people manipulate you today? By giving you a false sense of scarcity”

Interesting look into the economic motivations around increasing anger and polarization in today’s world.
Grant
Dec 30, 2020 rated it really liked it  ·  review of another edition
A great intro to why the economy doesn't work for all a great summary of the current economic issues that cause anger in the lower classes. ...more
Andy Mc
Jan 31, 2021 rated it really liked it  ·  review of another edition
Compelling and essential reading
Isaac Gershberg
Feb 03, 2021 rated it really liked it  ·  review of another edition
Note to self: Learn more about National Wealth Funds + Sovereign Wealth Funds
Tommy
Jul 30, 2020 rated it liked it  ·  review of another edition
Shelves: economics, politics
Most of this is quite banal but it'll make most Guardian readers self-satisfied and increase their midwit points. The idea people are rightfully angry at a dysfunctional system isn't particularly controversial but he does a good job problematizing those statistical counterpoints and pointing out any nugget of truth in reasons to celebrate might just translate into making people madder. [Marshall McLuhan was always cynical about the global village FYI]
The framework isn't quite clear but he's impl
...more
Dale Dewitt
May 06, 2020 rated it really liked it
I liked the authors and their discussion format. It was a quick read and the conversational nature of the book was interesting . I liked how the discussions flowed from one to the other the topic was simply frightening about how our politics are ties to economics.
Justinian
Sep 08, 2020 rated it really liked it  ·  review of another edition
Shelves: politics, 2020
2020-08 – Angrynomics. Mark Blyth (Author) Eric Lonergan (Author) 2020. 192 Pages.

I watched the author Mark Blyth give a talk on C-Span about this book and put it on reserve well before the half way point of his talk. The book is short and approachable. It is written not for the specialist but for the layman. It is set up as a freewheeling conversation within certain themes between two people. This format gives it an energy and verve you do not normally find in economic books. The premise is si
...more
Eepp
Nov 01, 2020 rated it liked it
I think I went into this with slightly wrong expectations. This is not a book for someone hoping to hear a Blythe-esque analuysis of political economy. It's mostly a short, digestable presentation of thingds Blythe has said elsewhere. I am less familiar with Lonergan, so if you come to this book from his work it might be more novel, but I couldn't say.

The clarity is good, it's well articulated, and for the most part explains its concepts in a very accessible way. A decision was made not to ref
...more
Valerie
Jan 05, 2021 rated it really liked it  ·  review of another edition
I'm writing this review as someone who has never truly purchased a book to take a deeper dive on the state of our economy—aside from what I had to read in school to pass economics courses far too long ago. I found this book because a colleague mentioned it, and the idea of trying to have a better understanding of how anger influences the economy feels like such a relevant thing to try and grasp—especially since tensions are so high at the time of this review. I felt a little anxious going into t ...more
Clare Williams
Aug 20, 2020 rated it really liked it  ·  review of another edition
This is an original and serious take on how and why we're doing economics wrong, and why this is leading to the global anger that we see manifested in nationalist and populist movements throughout the world. The authors get serious points for the conversational tone of the book; indeed, the text is a discussion between Lonergan and Blyth. Each chapter is introduced with a vignette, setting the scene for the dialogue that follows and grounding the economics in real world settings. This is still s ...more
Achtung Englander
Aug 23, 2020 rated it it was amazing  ·  review of another edition
Shelves: history, business
This is a timely read (2020/2021) of why people are rightly angry with why Western economies have failed the majority of people and what it can be done on a macro level to reverse some of the damage before history repeats itself with the 2008 crash.

I really liked the structure of the book as a two way conversation between Eric Lonergan and Mark Blyth. It keeps the structure fresh with two educated, well thought out, opinions without necessarily always agreeing with each other. I found that bette
...more
Colm
Nov 08, 2020 rated it really liked it  ·  review of another edition
Shelves: non-fiction, 2020
A very interesting piece of thought, constructed as a series of dialogues between the two writers. It breaks down the economy into three large periods, the New Deal to the 70s, the 70s until the 2008 Financial Crash, and that recession until now. It presents the economy as versions of software with inherent bugs which need fixing in the wake of each major crash.
After explaining the basic form taken by economics in the preceding two major eras, the authors allege that things were not put to righ
...more
Marc Menz
Excellent and timely read. The authors, using a simple dialogue have captured the essence of what is essentially going wrong in economics and politics today. By looking at both tribalism and moral outrage - two primary forms of anger - they've summed up the situation that's allowed for multiple demagogue world leaders. In many ways they argue this anger and frustration is justified.

It's a short and snappy book that gets right to the heart of the issue, and doesn't waste time in providing soluti
...more
Alexandru
Angrynomics is short book touching on the current economic climate and the anger which has surfaced as a result of the post-economic crisis downturn and its political effects such as Brexit, the election of Trump, popular unrest and more. The author explains that there are two types of anger: moral anger being the legitimate anger of the common people who have been ignored and disadvantaged by the economic elites, the other being the irrational tribal anger stirred by populists and demagogues wh ...more
Ryan Gard
Dec 20, 2020 rated it really liked it  ·  review of another edition
This review has been hidden because it contains spoilers. To view it, click here.
QUINNS
Oct 14, 2020 rated it liked it  ·  review of another edition
There is a trend of benefits not distributed evenly in the contemporary capitalism or even semi-capitalism. As a result, huge swaths of people are financially insecure and face an uncertain future. Dishearteningly, those at the top seem uninterested in addressing the concerns and legitimate outrage. In order to diffuse these anger that feeds dangerous tribalism like racism and nationalism, the author suggests policy-makers and people in power to implement better equipped economic policies, like ...more
RogeMaHodge
Feb 08, 2021 rated it it was amazing  ·  review of another edition
Fantastic, compelling and infinitely readable. I've read several accounts of capitalism's bumpy ride through the 20th century, but few as clear, engaging and concise as this. In telling this tale, the authors rationalise anger and importantly distinguish between what is rational and justified anger and what has spilled over into tribal anger.

The overarching argument is that anger and populism should not be dismissed; it should be engaged with and understood given the essentially rationalise basi
...more
Stephen Brooks
Sep 21, 2020 rated it really liked it  ·  review of another edition
This is a clear argument in favour of a universal basic income based on sharing resources created by companies using ‘big data’. The premise is that AI will make a lot of current jobs obsolete. To the extent that there will not be jobs(as we know them) for everyone. Including those considered to be in prime sector employment . The solution is universal basic income which everyone is comfortable with. I think the author could have added a few other sources for financing this, including block chai ...more
Brian Yarwood
Smoke &Mirrors

The book started off interesting and continued to
be Analytical and Political with some good observation
and pattern recognition of why populism has risen.

Remedies to help to avoid the future economic crash and
violence that will ensue were ludicrous suggestions
like income injection for consumption free money
given to all.
Printing more money ( debt ) and it not good to tax the wealthy who have looted all the spare money via creative accountancy and tax havens. ( 3 stars was being g
...more
Chris Boutté
Apr 18, 2021 rated it it was amazing  ·  review of another edition
This was a really interesting book, and I liked the unconventional format the authors took. This book is about justifiable anger at the broken system of capitalism, but it's written as a conversation between the two authors. They argue that although anger can blind us and make us act irrational, sometimes anger at the system is what motivates us to fight for equality and get change to happen. The authors also have some interesting solutions to some of our problems to make this world a little bit ...more
Robert C
Jul 06, 2020 rated it really liked it  ·  review of another edition
It was a very good brief overlook at the current economic challenges, within a historical perspective. I didn't like the conversational format as much as other reviewers. There is nothing wrong with it, and it was well done, it just didn't work as well for me.

Most of what he covers is in the various YouTube presentations by Mark Blyth, but it still contains a lot more than the videos. It is, however, a great supplement to them.
...more
Paul Floyd
Nov 06, 2020 rated it really liked it  ·  review of another edition
At first I thought this was going to be just more or less a youtube transcription. Things improved after the introduction with some meatier content. I've seen Blyth on the aforementioned youtube, so some of the ideas were familiar.

The suggestions for solutions to societies current ailments were interesting. However, since they are largely predicated on low inflation, I did wonder if that might be a future bug in their proposed 'eceonomy 4.0' should there ever be another boom in inflation.
...more
Boyan
Dec 15, 2020 rated it really liked it  ·  review of another edition
Decent discussion of what drives anger (from economics perspective) and some solutions. As much as they present them as no-nonsense solutions though, the discussion is just as shallow as one would expect from an economist and macro hedge fund manager.
Any way, worth a read if you are scratching your head on what could central banks and governments could do - Mark and Eric certainly offer innovative options.
Ben Browning
Dec 30, 2020 rated it it was amazing  ·  review of another edition
This review has been hidden because it contains spoilers. To view it, click here.
Paul
Jan 20, 2021 rated it really liked it  ·  review of another edition
A compelling exploration of the cause of societies moral outrage and tribal anger, and the macroeconomic policies at their root - told without jargon in a fascinating dialogue format.

The authors offer innovative economic solutions to the global challenges such as climate change and inequality. Their acknowledgment of the influence of political and special interests on any proposed change was particularly welcoming, and their proposals offer a glimmer of hope.
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Eric Lonergan is a macro hedge-fund manager at M&G Investments in London. He studied PPE at the University of Oxford and has an MSc in economics and philosophy from the London School of Economics.

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