The Age of Stagnation

Essential reading for anyone interested in the future of the global economy and their own prospect, The Age of Stagnation incisively explains the problems confronting us, how we’re making those problems worse, and what the real solutions are. For ordinary individuals, the goal of a steady job, a home of one’s own, a comfortable retirement and a good life for our children is receding. In this brilliantly clear-eyed account, Satyajit Das links past, present and future to show that it’s not just unrealistic expectations, but the poor performance of those governing us that are to blame. The strategies and policies deployed to promote economic growth after the Great Recession have failed, not least because such growth cannot continue indefinitely. The solution – structural change – is electorally unpopular and therefore ignored. The Age of Stagnation explains why the ultimate adjustment, whether stretched out over time or in the form of another sudden crash, will be life-changing. An internationally respected commentator on financial markets, credited with predicting the Global Financial crisis and featured in the 2010 Oscar-winning documentary Inside Job, Satyajit Das is our finest writer about money and the global economy. Informed, impassioned, lively and witty, The Age of Stagnation is the only book you need to understand what the future will bring.