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Angrynomics

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'Angrynomics' by Eric Lonergan and Mark Blyth delves into the relationship between economics and societal anger, offering insights into the rise of right-wing governments and the shift away from neoliberal ideology. The authors discuss the impact of inequality, propose solutions to avoid economic crashes, and provide a critical analysis of economic mechanisms. also explores the emotional aspects of anger and its consequences on identity, combining economic theories with sociological perspectives.

Writing/Prose:

The writing is clear and approachable, merging economic concepts with sociological insights to make the material relatable.

Plot/Storyline:

The narrative centers on the relationship between economic growth, inequality, and societal anger, examining how these elements interplay in contemporary society.

Setting:

Set against the backdrop of the modern global economy, particularly within European political contexts and societal experiences.

Pacing:

The pacing fluctuates between dense economic theories and engaging discussions about societal impacts, maintaining reader interest.
Strong societies can bounce back from a punch in the face. Consider Iceland. If the run up to the financial crisis of 2008 was a party, Iceland was party central. Four Icelandic banks went on a frenzi...

Notes:

The bottom 50% of the global income distribution captured only 12% of total growth while the top 1% took 27%.
The analysis in the book seems to omit the middle-income group, which may have benefited from the missing 61% of growth.
The authors discuss good and bad anger but don't clarify why some anger is considered good.
Readers find the authors sympathetic to certain types of anger but miss a deeper analysis of political anger.
The book connects demographic features to economic developments, contrasting it with other economic theories.
Mark Blyth's previous book, Austerity, laid the foundation for the discussions in Angrynomics.
Critics argue that the authors cherry-pick economists and lack solid sourcing for their claims.
The book explains the origins of various types of anger in a way that's accessible to readers.
Readers find the political suggestions in the book promising but question their applicability to their generation's issues.
There is tension between personal anecdotes of anger and the broader economic analysis presented in the book.

From The Publisher:

Why are measures of stress and anxiety on the rise when economists and politicians tell us we have never had it so good? While statistics tell us that the vast majority of people are getting steadily richer, the world most of us experience day in and day out feels increasingly uncertain, unfair, and ever more expensive. In Angrynomics , Mark Blyth and Eric Lonergan explore the rising tide of anger, sometimes righteous and useful, sometimes destructive and ill-targeted, and propose radical new solutions for an increasingly polarized and confusing world. Angrynomics is for anyone wondering, where the hell do we go from here?

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