The Poverty Of Political Economy: How Economics Abandoned the Poor

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In this compelling new book, Meghnad Desai takes a critical, introspective look at the bodies of thought that have driven economics across the world. From Adam Smith to John Maynard Keynes, and from the Great Depression to the collapse of the Lehmann Brothers, Desai studies the contributions of economics to domestic and international politics. The Poverty of Political Economy asks necessary and startling questions: Where have we fallen short? How have changes in the international order affected the making of economies? In the face of Covid-19, how do we reinvent the way that economic policies are formed? This is a remarkable thesis by one of the foremost political economists of our time. Desai argues his point persuasively, with great erudition, insisting that in the twenty-first century, humanity must return to economics.

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Meghnad Desai is an economist by profession and taught at the London School of Economics for forty years. He is a keen observer of British politics and participates in it from his perch in the House of Lords. He has written books on economics, Marxism, Islamist terrorism, Ezra Pound and Bollywood. This is his first novel.