Through economics our politicians have the power to transform people's lives for better or worse. Think Deng Xiaoping who lifted millions out of poverty by opening up China; Franklin D Roosevelt whose 'New Deal' helped the USA break free of the Great Depression. Or Peron and his successors in Argentina who brought the country to the brink of ruin.
In this magisterial history economist and politician Vince Cable examines the legacy of 16 world leaders who transformed their countries' economic fortunes and who also challenged economic convention. From Thatcher to Trump from Lenin to Bismarck, Money and Power provides a whole new perspective on the science of government. Examining the fascinating interplay of economics and politics this is a compelling journey through some of the most significant people and events of the last 300 years.
Country of Publication:
16 March 2021
Professional and scholarly
0: Introduction: Politicians and the Politics of Economics 1: Hamilton: The Economic Founding Father 2: Peel: Free Trade 3: Bismarck: The Economics of 'Iron and Blood' 4: Lenin: From War Communism to State Capitalism 5: Roosevelt: The Keynesian Revolution Without Keynes 6: Erhard: The Social Market and Ordoliberalism 7: Erlander: The Social Democratic Model Made Real 8: Peron: Peronism and Economic Populism 9: Park: The Development State and Hypergrowth 10: Lee: The Eclectic Economics of Lee Kuan Yew 11: Thatcher: Thatcherism and Its Cousin, Reaganomics 12: Deng: China's Economic Architect 13: Manmohan Singh: The Quiet Reformer 14: Balcerowicz: Big Bang Theory and Practice 15: Abe: Japan Pioneers Abenomics 16: Trump: Trumponomics, Economic Nationalism and Pluto-populism 17: Conclusion: Sixteen Politicians: Sixteen Varieties of Economics
Sir Vince Cable is the former UK Secretary of State for Business, Innovation and Skills and former President of the UK Board of Trade. He is Honorary Professor of Economics at Nottingham University and former Chief Economist at Shell. He is the bestselling author of The Storm: The World Economic Crisis and What It Means. It was a Sunday Times bestseller with over 100,000 copies sold.
Reviews for Money and Power: The World Leaders Who Changed Economics
The undisputed heavyweight champion of the credit crunch in parliament'. * Robert Peston * A remarkably rounded work... Cable has produced a book that makes a serious and relevant contribution to the continuing debate about banking, infrastructure, housing, China, executive pay, short-termism and many of the other topics which continue to top the business and political agenda. * Evening Standard on After the Storm * A lucid, erudite analysis of the global economy, and Britain's place in it. * Observer on After the Storm *