Launch of my new book in January 2020: published by Vintage Books, a division of Penguin Random House. You can pre-order already at Amazon.com, Indie Bound, and Barnes & Noble.
What is the world coming to? Populist governments around the world are ripping up trade agreements, building walls, and throwing economic cooperation out the window—all in the name of protecting jobs and ensuring long-term economic growth. It all sounds good; it’s supposed to.
The only problem is that much of what’s being done—ostensibly for economic reasons—is actually being done to further the political agenda of exploitive politicians and ends up hurting the very people they say they want to help.
But what can we do? Many of us are bewildered by a fast-changing global economy that seems too big and too complicated for us to understand. So, we let the politicians make decisions for us. Unfortunately, politicians are not always going to do what’s best for us. They’re going to do what’s best for themselves and their re-election chances.
As The Economist once wrote: "If economists want to be understood, let them use plain words . . . [and] address those words less to politicians and more to everybody else. Politicians care about what voters think, especially voters in blocks, and not a shred about what economists think. Talking to politicians about economics is therefore a waste of time. The only way to make governments behave as if they were economically literate is to confront them with electorates that are."
The idea of The New World Economy—A Beginner's Guide is not only to give readers a basic understanding of what is happening in the world economy but also to provide them with the tools to be able to make sense of future economic events—good or bad.
Mr. Epping holds the trademark to the concept of FUSION ECONOMICS, based on the idea that the world economy has become so interconnected that it is almost impossible to predict what will happen in the future. Fusion economics is based on the same concept as chaos theory, where something as insignificant as a butterfly flapping its wings over the Amazon can cause a severe thunderdstorm in Beijing’s Tiananmen Square. In today’s new world economy, causes and effects are converging, fusing together in a complex web that is almost impossible to understand by reading traditional theoretical economic textbooks. In order to thrive and survive in the new fusion economy, we need information and ideas based on real-world examples and real-world solutions.