Lucidly explaining both the appeals and dangers of populism across history, this book is essential reading for anyone seeking to understand not just the populist phenomenon, but more generally the lasting political fallout that follows in the wake of major economic crises.
In The Populist Temptation, Barry Eichengreen, amongst the foremost international economists today, explains why we are seeing an outburst of populist movements across the industrial world, and how they mirror similar movements from history. He argues that while the populists have genuine grievances, the solutions their leaders propose are unlikely to work. Eichengreen is skeptical that populists concerns can be addressed easily. However, his insightful analysis is an essential starting point for anyone who wants to understand one of the most important developments of our times.