Angrynomics and seeking to understand


One of my favourite podcasts is from David McWilliams, who looks to take economics and make it both understandable and practical for all of us.

This week I caught up with his interview with the authors of the recently publised Angrynomics, Eric Lonergan and Mark Blyth. I hope we do get to all go to Kilkenomics this year, I’d love a Guinness with these guys!

I haven’t read the book yet, but it is, essentially, a dialogue between the two authors, so I am pretty sure I got the essence of it by listening to them in conversation with “Macca”, and encourage you to listen to the podcast interview.

My key takeaways were:

  1. Their approach to the anger in society is to seek to understand what drive it, particularly through the lens of economics and how economic policy amplifies the things that drive tribal polarisation and anger, such as growing inequality. I note they seek to understand, they don’t label anything, they seek to understand the drivers
  2. They offer potential solutions that are as simple as they are brilliant. IN particular, their ideas of a National Wealth Fund and of Dual Interest rates could make massive differences in a very short time.
  3. They speak in plain English. Yes, I am pretty well versed in Economics, but I also feel that I could have anyone at all listen to this podcast and they would quickly get the power of their deductions around anger (again, from the understanding they sought and gained), then their proposed solutions.

Kudos, Eric and Mark, and thanks to David for interviewing them!

Also published on Medium.