Outrageous Fortunes

Outrageous Fortunes

The Twelve Surprising Trends That Will Reshape the Global Economy

Book - 2011
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Baker & Taylor
A Harvard-trained economist and author of Neoconomy makes 12 cautionary predictions about financial prospects for the next few decades, sharing recommendations for how individuals, business and governments can prepare.

McMillan Palgrave

A Harvard-trained economist's startling predictions reveal critical challenges in the decades ahead, helping individuals, businesses, and governments to make smarter decisions

As individuals, companies, and countries struggle to recover from the economic crisis, many are narrowly focused on forecasts for the next week, month, or quarter. Yet they should be asking what the global economy will look like in the years to come—where will the long-term risks and opportunities arise? These are the questions that Daniel Altman confronts in his provocative and indispensable book.

The fate of the global economy, Altman argues, will be determined by deeper factors than those that move markets from moment to moment. His incisive analysis brings together hidden trends, societal pressures, and policy endgames to make twelve surprising but logical predictions about the years ahead. And his forecasts for the future raise a pressing question for today: With so many challenges awaiting us, are our political and economic institutions up to the task?

Outrageous Fortunes tells which industries will grow, which economies will crumble, which investments will pay off, and where the next big crisis may occur. Altman's carefully reasoned text is an essential guide for the road ahead.



Blackwell Publishing
A Forward-Thinking Economist's Twelve Startling Predictions Reveal the Critical Challenges in the Decades Ahead, Helping Individuals, Businesses, and Governments to Make Smarter Decisions.

As the world struggles to recover from its economic crisis, many individuals, companies, and countries are narrowly focused on shorterm forecasts: what may happen in the next week, the next month, or the next quarter. But most of them would be better off thinking about what the global economy will look like in the years to come---where the bigger risks and opportunities are most likely to arise. these long-term questions are the ones Daniel Altman confronts in this provocative, often counterintutive, and yet eminently logical book.

The fate of the global economy, Altman argues, will be determined by deeper factors than those that move markets from moment to moment. His incisive analysis brings together hidden trends, socital pressures, and policy end-games to make twelve surprising and persuasive predictions for the years ahead. His forecasts for the future also raise a pressing question for today: With so many challenges awaiting us, are our political and economic institutions up to the task?

Outrageous Fortunes is an indispensable guide to tomorrow, providing essential insights into the industries that will grow, the economies that will crumble, the investments that are most likely to pay off, and where the next big crisis may occur. In these turbulent and confusing times, Altman's perspective and wisdom can point the way ahead.

Baker
& Taylor

A Harvard-trained economist makes twelve cautionary predictions about financial prospects for the next few decades, sharing recommendations for how individuals, business, and governments can prepare.
Examines twelve trends the author believes will have a major influence in the years following the global economic downturn of the early twenty-first century.

Publisher: New York : Times Books, 2011
Edition: 1st ed
ISBN: 9780805091021
0805091025
Characteristics: 257 p. ; 22 cm

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edwardbasse
Oct 19, 2011

Bold and original, though not for people who are looking for detailed economic analyses that would flush out these ideas. Altman makes very suggestive thought experiments that take into account things that many economists take for granted: culture, history, technology, and the power of incentive in predicting human behavior.

Some of his ideas are more digestible than others: foreseeing the eventual deflation of China's economic bubble is a lot more palatable and realistic than imagining the rise of "lifestyle hubs", for instance. His discussion of the inevitable end of the European Union as a holistic economic bloc is remarkable for its predictions (which are unfolding as we speak). His weakest chapter--on the triumph of a centrist capitalism vs. socialism--may be grounded on the history we have thus far (the Sino-Soviet experiments, Latin American national socialism experiments, etc), but belies the fact that communism is nowhere near as "complete" an economic theory as capitalism, which is starting to lose favor globally.

Ultimately, this book is recommended for people who already have a basic idea of the most salient trends in the global economy today, and want to see a daring look into where these trends could take us.

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