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 12 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 shows 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.
“Outrageous Fortunes is provocative, fast-moving, authoritative, and imaginative. Expect the unexpected.” (Tim Harford, author of The Undercover Economist )
“Amid all the handwringing on the downward trajectory of the global economy comes this cool, collected, and sensible view of forthcoming economic trends…Altman delivers more than mere analysis or foreshadowing: this is revelatory reading for even the most casual observer of economics, and an invaluable tool for reconsidering how the world makes money.” (Publishers Weekly)
“With so many new books offering autopsies of the financial crisis and the deepest recession since World War II, it’s a blessing that Daniel Altman has his eyes firmly fixed on risks and opportunities in the road ahead. He brings together a series of compelling predictions, and though readers may not agree with every element of his forecasts, all will be better informed for having read his book.” (Ian Bremmer, president of Eurasia Group and author of The End of the Free Market and The J Curve)
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