Inflation

“An essential dose of clear thinking on one of the most contentious issues in economic policy. In an age of increasing uncertainty, if we are to avoid a retreat to knee-jerk austerity, we need a new inflation playbook. This is an excellent start.” – Adam Tooze, author of the Chartbook Substack and professor of history at Columbia University“Inflation is a serious contender for the most misunderstood and weaponized issue in economics and politics. The authors do a great service to their readers by explaining what is at stake in the heated debates of recent years.” – Isabella Weber, award-winning economist and author of How China Escaped Shock Therapy“This wonderful book demystifies competing narratives about inflation to prepare you for a world in which the winners and losers may have to deal with the price hikes caused by climate change and geopolitics.” – Dani Rodrik, author of The Globalization Paradox“Mark Blyth and Nicolò Fraccaroli convincingly argue that we are entering the age of supply-side driven inflation. As economic fragmentation increases, supply chains break, and economic coercion replaces competition. Inflation will prepare you for the new normal.” – Branko Milanovic, author of Capitalism, Alone“Understanding the recent rise and fall of inflation is essential. Inflation clearly analyzes pandemic-era inflation while making the compelling argument that the go-to tools of higher interest rates by central banks must be reconsidered.” – Claudia Sahm, chief economist at New Century Advisors and creator of the Sahm Rule

Mark Blyth is a political economist and professor at Brown University. He lives in Providence, Rhode Island.

Nicolò Fraccaroli is an economist at the World Bank and a visiting scholar at Brown University. He lives in Washington, DC.