Klein and Pettis offer an essential analysis of how domestic inequality and international conflict are interlinked, and provide an answer to the crisis of globalization.' Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace Matthew C. Klein , Michael Pettis A provocative look at how today’s trade conflicts are caused by governments promoting the interests of elites at the expense of workers Trade wars are Class Wars by Matthew Klein and Michael Pettis has now been entered as one of the best books of the year by the FT and one to read over the summer by Martin Wolf, the … It is not: it is a conflict mainly between bankers and owners of financial assets on one side and ordinary households on the other—between the very rich and everyone else. Matthew C. Klein is the economics commentator at Barron’s. 17 min read. Atlantic, 224 pp., £14.99, February 2020, 978 1 78649 955 … The … Written by Matthew C. Klein and Michael Pettis. Low barriers and the relative absence of trade wars have characterized their relationship for years. 'Trade Wars are Class Wars is a must-read from two of the most astute commentators on the global economy. He is also a former writer for the Financial Times, Bloomberg, and The Economist, and was once an investment associate at … "-Adam Tooze, author of Crashed: How a Decade of Financial Crises Changed … - Adam Tooze, author of “Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace” by Michael Pettis and Matthew Klein “D ecoupling” is the international relations word-of-the-day. Wynne Godley, Hyman Minsky, and the sectoral balances framework for macroeconomics lurk behind the scenes for much of Trade Wars Are Class Wars, while Keynes himself is cited throughout. Add to Basket. In his day job, he’s a researcher and writer for a think tank in economic and sustainable development. A provocative look at how today's trade conflicts are caused by governments … It is a fantastic book, a must-read especially for my academic economist colleagues ... Trade Wars are Class Wars provides the historical context, and makes clear connections between trade wars, inequality, and saving gluts. “[A]s Matthew Klein and Michael Pettis argue in their brilliant polemic Trade Wars Are Class Wars, industrial policy instruments are only part of the story.”—Adam Tooze, London Review of Books “ Trade Wars are Class Wars is a must-read from two of the most astute commentators on the global economy. Description. Klein and Pettis offer an essential analysis of how domestic inequality and international conflict are interlinked and provide an answer to the crisis of globalization.” — Adam Tooze, author of Crashed: How a Decade of Financial Crises Changed the World Yale, 288 pp., £20, June 2020, 978 0 300 24417 5 Show More. "-Adam Tooze, author of Crashed: How a Decade of Financial Crises Changed … Usually despatched within 2 days. “Trade Wars are Class Wars”, by Matthew Klein and Michael Pettis, offers a deeper argument about the source of the trouble. For example, inequality is closely linked to financial excesses: the countries generating excesses (China and Germany) do so by suppressing … Rather, the winners are elites—the managers and capitalists of hyper-industrial China, and the rentiers of the swollen U.S. financial sector. Read "Trade Wars Are Class Wars How Rising Inequality Distorts the Global Economy and Threatens International Peace" by Matthew C. Klein available from Rakuten Kobo. longlist 2020. Narrated by Bob Souer. The New Class War: Saving Democracy from the Metropolitan Elite by Michael Lind. Understanding the War Industry, Christian Sorensen.ISBN: 978-1-949762-22-8, ebook: 978-1-949762-23-5. Buy Trade Wars Are Class Wars by Matthew C. Klein for $51.00 at Mighty Ape NZ. Interviewed by Philipp Carlsson-Szlezak. Klein and Pettis trace the origins of today's trade wars to … Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew Klein and Michael Pettis show in this book, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Contrary to the neoliberal conventional wisdom, the winners of globalization are not Chinese manufacturing workers and American knowledge workers. Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace by Matthew C. Klein and Michael Pettis. Leave Review. "-Adam Tooze, author of Crashed: How a Decade of Financial Crises Changed … A provocative look at how today’s trade conflicts are caused by governments promoting the interests of elites … Synopsis. Michael Roberts is an Economist in the City of London and prolific blogger. Book Information Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. He … Matthew C. Klein, Michael Pettis. A provocative look at how today’s trade conflicts are caused by governments promoting the interests of elites at the expense of workers Trade disputes are usually understood as conflicts between countries with competing … £20.00. Michael Pettis and Matthew Klein's new book Trade Wars Are Class Wars begins with an epigraph from John A. Hobson: "The struggle for markets, the greater eagerness of producers to sell than of consumers to buy, is the crowning proof of a false economy of distribution. Ratings: Rating: 4.5 out of 5 stars 4.5/5 (8 ratings) Length: 8 hours. Previously he wrote for the Financial Times, Bloomberg View, and the Economist. Klein and Pettis offer an essential analysis of how domestic inequality and international conflict are interlinked, and provide an answer to the crisis of globalization. Synopsis. This explains the “class war” in the book’s title, Trade Wars Are Class Wars. "Trade Wars are Class Wars is a must-read from two of the most astute commentators on the global economy. Matthew Klein is the Economics Commentator at Barron's and the co-author of "Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace." Trade Wars Are Class Wars. It is an economic and financial … Michael Roberts continues his review of this interesting book. Pettis and Klein update the Hobsonian thesis for the twenty … “Trade Wars are Class Wars is a must-read from two of the most astute commentators on the global economy. Trade Wars Are Class Wars by Matthew C. Klein, 9781541415782, available at Book Depository with free delivery worldwide. Free shipping and pickup in store on eligible orders. Category. Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace by Matthew C. Klein and Michael Pettis . Industry Reviews "Trade Wars are Class Wars is a must-read from two of the most astute commentators on the global economy. He has also been a Research Associate at the Council on Foreign Relations and an Investment … Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show in this book, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Trade war is often presented as a conflict between countries. Follow on Facebook or on Twitter at @BookReviewsAsia. Klein and Pettis offer an essential analysis of how domestic inequality and international conflict are interlinked, and provide an answer to the crisis of globalization.”—Adam Tooze, author of Crashed: How a Decade of Financial Crises Changed … American politicians have long criticized the massive trade deficit between the United States and China, but pandemic-driven disruptions to supply chains and … If the effect of globalization interests you, I have read and recommend the following books: Twilight of the Elites by Christophe Guilluy (effect on France), Trade, Conflict and the Perilous Road Ahead, by Michael Pettis (one of the two authors of Trade Wars are Class Wars) with a principal focus on China, The Nationalist Revival by John Judis (focuses on the political push … Nicholas Gordon is a reviewer for the Asian Review of Books. “Trade Wars are Class Wars is a must-read from two of the most astute commentators on the global economy. Delivery & Returns . Matthew Klein and Michael Pettis argue that what has been happening to trade and finance can only be understood in the context of domestic pathologies … Klein and Pettis trace the origins of today’s trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Rising inequality has produced gluts of manufactured goods, job loss, and rising indebtedness. Readers already invested in international macroeconomics will recognize many of the names and arguments in the book, which functions as a brilliant primer on the field. A provocative look at how today's trade conflicts are caused by … Search for a book title or author. That being said it eventually gets where it intended to go and leaves the reader with a deeper appreciation … Klein and Pettis offer an essential analysis of how domestic inequality and international conflict are interlinked, and provide an answer to the crisis of globalization. "This is a very important book. Klein and Pettis trace the origins of today’s trade wars to … You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of Trade Wars are Class Wars. It is worth reading for their insights into the history of trade and finance despite the frailty of its central thesis. Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace (Hardback) Matthew C. Klein Michael Pettis. Trade Wars are Class Wars is a good overview of international capital markets and how they distort historic views of the benefits of trade. Imperialism is the fruit of this false economy." Author Info. Klein and Pettis offer an essential analysis of how domestic inequality and international conflict are interlinked, and provide an answer to the crisis of globalization. In this thought-provoking … "Trade Wars are Class Wars is a must-read from two of the most astute commentators on the global economy. All the books listed for the Financial Times and McKinsey Business Book of the Year Award . Stunning in the depth of its research, Understanding the War Industry documents how the war industry commands the other two sides of the military-industrial-congressional triangle.It lays bare the multiple levers enabling the vast and proliferating war … Messrs. Klein and Pettis have written a much better book than their class-warfare themes might imply. I find that optimal tariffs average 62 percent, world trade war tariffs average 63 percent, the government welfare losses from a breakdown of international trade policy cooperation average 2.9 percent, and the possible government … It is informative and at times a bit dry when discussing the exact historical trajectories that took us here, especially for Germany. Klein and Pettis offer an essential analysis of how domestic inequality and international conflict are interlinked, and provide an answer to the crisis of globalization. Cross-posted from Michael Roberts Blog. Buy the Hardcover Book Trade Wars Are Class Wars: How Rising Inequality Distorts The Global Economy And Threatens Internat... by Matthew C. Klein at Indigo.ca, Canada's largest bookstore. Clarity Press, Inc. "-Martin Wolf, Financial Times "Worth reading for [the authors'] insights into the history of trade and finance. "-Adam Tooze, author of Crashed: How a Decade of Financial Crises Changed … "Trade Wars are Class Wars is a must-read from two of the most astute commentators on the global economy. I address these and other questions using a unified framework which nests traditional, new trade, and political economy motives for protection.