Overview

Since the financial crisis of 2007-2008, the future of capitalism remains a hotly debated subject. Tracing the path of the American and global economy over the twentieth century, Political Economy of Tomorrow shows that the most significant problems of the economic system arise not from capitalism's weaknesses, but its strengths. Picking up where journalist and presidential adviser Charles Conant left off over a century ago, renowned foreign exchange strategist and professor Marc Chandler (Making Sense of the Dollar) squares off against conventional understanding of international economics by suggesting that the challenge modern economies face is not scarcity, but surplus. Exploring the past and considering the present, Chandler makes big ideas accessible as he examines the economic and social conditions that helped modern capitalism thrive and deal with surplus. By showing how changing social relationships construct a new motor for our economic engine and a new accommodation to the surplus, Political Economy of Tomorrow offers compelling arguments for what lies ahead for society in advanced capitalist countries.

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9780692824290

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Reviews

In<em> Political Economy of Tomorrow</em>, Marc Chandler tackles several of the critical societal issues of our day...with a twist. In first laying out his understanding of our post WWII global political economy and then providing us an especially insightful framework for what might be, Marc presents a piece that is at once smart, thoughtful and provocative. A must read. <strong>--Bill Lipschutz, CIO of Hathersage Capital Management</strong></p> Marc Chandler has long been one of Wall Street's masters in calling the short-term moves in capital markets. In <em>Political Economy of Tomorrow, </em> he gives us a framework for looking at the very long-term. Many of us have fixed economic terms of reference, but this book--without too many numbers and without any Greek letters--gives a new way of trying to understand the way the world is moving. Bretton Woods, and now Reagan-Thatcher have had their day; Chandler helps cut through the uncertainty to look at the third post-war economic paradigm which is now emerging. For many, including me, it will be revelatory. <strong>--John Authers, Senior Investment Commentator, Financial Times</strong></p> A masterly account of the tectonic shifts that shape our economic, social, and political future. At a time of great change and political upheaval, a book that offers perspective, direction and hope. <strong>--Zoltan Pozsar, FID Global Strategy and Economics</strong></p>

In<em> Political Economy of Tomorrow</em>, Marc Chandler tackles several of the critical societal issues of our day...with a twist. In first laying out his understanding of our post WWII global political economy and then providing us an especially insightful framework for what might be, Marc presents a piece that is at once smart, thoughtful and provocative. A must read. <strong>--Bill Lipschutz, CIO of Hathersage Capital Management</strong></p> Marc Chandler has long been one of Wall Street's masters in calling the short-term moves in capital markets. In <em>Political Economy of Tomorrow</em>, he gives us a framework for looking at the very long-term. Many of us have fixed economic terms of reference, but this book--without too many numbers and without any Greek letters--gives a new way of trying to understand the way the world is moving. Bretton Woods, and now Reagan-Thatcher have had their day; Chandler helps cut through the uncertainty to look at the third post-war economic paradigm which is now emerging. For many, including me, it will be revelatory. <strong>-- John Authers, Senior Investment Commentator, Financial Times</strong></p> A masterly account of the tectonic shifts that shape our economic, social, and political future. At a time of great change and political upheaval, a book that offers perspective, direction and hope. <strong>--Zoltan Pozsar, FID Global Strategy and Economics</strong></p>

Author Information

Foreign exchange analyst and author Marc Chandler has thirty years of experience working in the global capital markets and is currently the global head of currency strategy at Brown Brothers Harriman. As a keen observer of the interconnection of international politics and economics, Chandler's written work has been published in Foreign Affairs, Barron's, The Financial Times, and The Nation. A monthly column appears for Caixin, a financial Chinese news service, and his blog Marc to Market is routinely referenced in influential media outlets. Chandler appears regularly on CNBC, Bloomberg Television, CCTV and is a frequent speaker to business groups, investors, and universities. He is an associate professor at New York University's Center for Global Affairs and the Darden School of Business at the University of Virginia recently named Chandler an honorary visiting professor. His first book, Making Sense of the Dollar: Exposing Dangerous Myths about Trade and Foreign Exchange (Bloomberg 2009) won a Bronze Award from Independent Publishers. Keep up with Marc Chandler's ongoing analysis on www.marctomarket.com, or follow him on Twitter, @marcmakingsense.

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