Managing the World Economy

While recognizing how much has been achieved since the start of the Industrial Revolution, this work challenges the view that much better results could not have been attained. It argues that faster economic growth and much better use of the available human talent could have meant, and should mean the future, achievable higher targets. The book goes on to argue that the reasons for the performance of the world economy over the last 200 years being well below the achievable optimum stem mainly from misconceptions about macroeconomic policy, which the book sets out to explain and correct.