The Consolations of Economics Good News in the Wake of the Financial Crisis
The Consolations of Economics: Good News in the Wake of the Financial Crisis by Gerard Lyons, published by Faber & Faber in 2015, offers an insightful perspective on the global economy following a significant financial crisis. This edition, comprising 336 pages, presents Lyons’ analysis of future economic trends, emphasizing the potential for growth and innovation over the next two decades. He discusses how advancements in technology and increased opportunities can lead to improvements in life expectancy, income, and educational standards, despite a shift in the West’s share of global economic resources.
Readers will find a thorough examination of economic conditions and development as Lyons articulates his vision for a changing world. He encourages embracing these changes rather than resisting them, providing a clear and accessible overview of the evolving economic landscape. The book delves into topics such as economic history and international trade, making it a relevant resource for those interested in understanding the dynamics of the global economy.
Official synopsis Publisher
In the wake of a major financial crisis comes leading economist Gerard Lyons with the good news. In the next twenty years the world economy will enjoy one of its strongest periods of growth. Greater innovation and technical change will increase opportunities. Life expectancy, income and educational standards will rise. The West’s share in the global economic cake may get smaller, but there will be more cake than ever before. These are the predictions of Gerard Lyons, a leading international economist who spent nearly thirty years working in the City. He is now the chief economic adviser to the Mayor of London. Over the last quarter-century he has been ahead of the game in predicting the major economic trends that we now take as a given. The Consolations of Economics is a lucid and accessible expert’s attempt to look objectively at the changing global economy – what is happening and what it means. He shows how we can embrace change, rather than hide from it. The results are fascinating, refreshing – and unusually cheering.
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