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The Age of Oversupply

byDaniel Alpert

Economist Daniel Alpert argues that the global economy has entered an era defined by excess labor, capital, and productive capacity. He traces how the integration of emerging-market workers and factories altered wages, prices, investment, and bargaining power in advanced economies. This oversupply, he contends, helps explain weak demand, inequality, low interest rates, and persistent pressure on middle-class employment. The book connects globalization with domestic economic policy and proposes a stronger public role in investment and job creation. It is an account of how abundance in production can coexist with insecurity for workers.

Publisher

Portfolio

Publication date

2013

Format

Print edition

Pages

280

ISBN

9781591845966