Extinction Equilibrium: Economics for Generational Survival (First Edition)

By: Jefferson Frank

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Synopsis: Generation Z has grown up with a global financial crisis, a pandemic, the climate emergency, growing autocracy and wars. Survival, not just equity, is at stake. As debate rages about how to ensure a fairer and sustainable society, this book challenges short-sighted economic policies, asking where we want to be in 20 years’ time and how we might get there. Offering fresh, and sometimes counterintuitive, thinking on a range of economic issues including monetary policy, housing and university funding, it argues in favour of policy guardrails to protect the future, higher interest rates, and a burst of inflation. Robots and AI should be seen as positive replacements for population growth. This is an original, readable and entertaining take on how we can change course before it is too late.