Call Boomerang Books 1300 36 33 32

Description - The Populist Temptation by Barry Eichengreen

In the last few years, populism -- of the right, left, and centre varieties -- has spread like wildfire throughout the world. The impulse reached its apogee in the United States with the election of Trump, but it was a force in Europe ever since the Great Recession sent the European economy into a prolonged tailspin. In the simplest terms, populism is a political ideology that vilifies economic and political elites and instead lionises 'the people.' The people, populists of all stripes contend, need to retake power from the unaccountable elites who have left them powerless. And typically, populists' distrust of elites shades into a catchall distrust of trained experts because of their perceived distance from and contempt for 'the people.' Another signature element of populist movements is faith in a saviour who can not only speak directly to the people, but also serve as a vessel for the plain people's hopes and dreams. Going back to the 1890s, a series of such saviours have come and gone in the US alone, from William Jennings Bryan to Huey Long to -- finally -- Donald Trump.In The Populist Temptation, the eminent economic historian Barry Eichengreen focuses on the global resurgence of populism today and places it in a deep context. Alternating between the present and earlier populist waves from modern history, he argues that populists tend to thrive most in the wake of economic downturns, when it is easy to convince the masses of elite malfeasance. Yet while there is more than a grain of truth that bankers, financiers, and 'bought' politicians are responsible for the mess, populists' own solutions tend to be simplistic and economically counterproductive. Moreover, by arguing that the ordinary people are at the mercy of extra-national forces beyond their control -- international capital, immigrants, cosmopolitan globalists -- populists often degenerate into demagoguery and xenophobia. There is no one solution to addressing the concerns that populists raise, but Eichengreen argues that there is an obvious place to start: shoring up and improving the welfare state so that it is better able to act as a buffer for those who suffer most during economic slumps. For example, America's patchwork welfare state was not well equipped to deal with the economic fallout that attended globalisation and the decline of manufacturing in America, and that played no small part in Trump's victory. Lucidly explaining both the appeals and dangers of populism across history, this book is essential reading for anyone seeking to understand not just the populist phenomenon, but more generally the lasting political fallout that follows in the wake of major economic crises.

Buy The Populist Temptation by Barry Eichengreen from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780190866280
ISBN-10: 0190866284
Format: Hardback
(237mm x 164mm x 23mm)
Pages: 260
Imprint: Oxford University Press Inc
Publisher: Oxford University Press Inc
Publish Date: 26-Jul-2018
Country of Publication: United States

Book Reviews - The Populist Temptation by Barry Eichengreen

» Have you read this book? We'd like to know what you think about it - write a review about Populist Temptation book by Barry Eichengreen and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)


Author Biography - Barry Eichengreen

Barry Eichengreen is Professor of Economics and Political Science at the University of California, Berkeley. His previous books include Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System and Golden Fetters: The Gold Standard and the Great Depression, 1919-1939.

Books By Barry Eichengreen

Hall of Mirrors by Barry Eichengreen
Paperback / softback, November 2016
$22.46 $24.95
Globalizing Capital by Barry Eichengreen
Paperback / softback, September 2008
$62.10 $69.00
Korean Economy by Barry Eichengreen
Hardback, April 2015
$85.50 $95.00
Global Imbalances and the Lessons of Bretton Woods by Barry Eichengreen
Paperback / softback, January 2010
$33.29 $36.99