Angrynomics audiobook cover - How we can rearrange our economies to produce more equality and less anger

Angrynomics

How we can rearrange our economies to produce more equality and less anger

Eric Lonergan and Mark Blyth

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Economics

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Angrynomics
The Dual Nature of Anger+
Drivers of Economic Outrage+
Capitalism's Operating Systems+
Solutions for an Equitable Economy+

Quiz — Test Your Understanding

Question 1 of 6
According to the text, what distinguishes 'moral outrage' from 'tribalism' in the context of public anger?
  • A. Moral outrage is directed at actual injustices, while tribalism attacks perceived outsiders in response to stress and fear.
  • B. Moral outrage is a modern political invention, whereas tribalism has been used since the Great Depression.
  • C. Moral outrage leads to economic inequality, while tribalism reinforces the social norms established to protect the collective good.
  • D. Moral outrage is always destructive to society, whereas tribalism helps communities bond and solve economic crises.
Question 2 of 6
What shift in economic policy since the 1970s is identified as a primary driver of modern economic inequality?
  • A. The adoption of Keynesian economic models that gave more power to labor unions and the state.
  • B. The widespread implementation of neoliberal policies that cut taxes, reduced social spending, and deferred to markets.
  • C. The creation of supranational entities that heavily regulated international trade and corporate taxation.
  • D. The transition toward social democracy which heavily taxed the top 1 percent to fund universal healthcare.
Question 3 of 6
In the book's analogy comparing capitalism to a computer, what was the specific 'bug' that caused the post-1945 Keynesian version of capitalism to fail?
  • A. It produced widespread poverty and unemployment that led to the Great Depression.
  • B. It resulted in extreme wealth inequality and banks that overlent and collapsed.
  • C. It generated high levels of inflation and disappointing low returns on investments.
  • D. It caused a rapid acceleration of automation that eliminated a significant swath of jobs.
Question 4 of 6
Which of the following is NOT listed in the text as one of the four main economic trends driving modern anxiety and stress?
  • A. The transition away from fossil fuels causing mass layoffs in traditional energy sectors.
  • B. The perceived threat of jobs being automated away by Artificial Intelligence.
  • C. The economy's orientation toward the older, wealthier 'Boomer' generation.
  • D. The imagined economic competition posed by immigration in declining areas.
Question 5 of 6
How does the text suggest countries can use historically low interest rates to reduce inequality?
  • A. By allowing citizens to take out zero-interest mortgages to stimulate the housing market.
  • B. By borrowing money to set up a National Wealth Fund that distributes investment returns directly to citizens.
  • C. By bailing out failing corporations so they can maintain high employment rates without generating inflation.
  • D. By offering low-interest loans exclusively to the bottom 80 percent of earners to pay off existing debt.
Question 6 of 6
According to the book's actionable advice, what is a better strategy for fixing recessions than providing giant bailouts to corporations?
  • A. Directly transferring wealth to citizens to support consumption.
  • B. Implementing strict austerity measures to balance the national budget.
  • C. Increasing corporate taxes to penalize companies that cause economic crashes.
  • D. Forcing central banks to raise interest rates to prevent inflation.

Angrynomics — Full Chapter Overview

Angrynomics Summary & Overview

Angrynomics (2020) examines the growing atmosphere of anger around the globe. Part political theory, part social science, this approachable text diagnoses the cause of the rising resentment and proposes a few popular solutions.

Who Should Listen to Angrynomics?

  • News junkies seeking fresh takes on the current political climate
  • Activists wishing to understand popular movements
  • Anyone with an interest in where the world is headed

About the Author: Eric Lonergan and Mark Blyth

Eric Lonergan is an economist and hedge-fund manager. His work on contemporary political issues has been published in Foreign Affairs, the Financial Times, and the Economist. 

Mark Blyth is director of the Rhodes Center for International Economics and Finance at Brown University, where he teaches international political economy. He is also the author of the best-selling book Austerity: The History of a Dangerous Idea. 

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