Matthew C. Klein and Michael Pettis Books
Matthew C. Klein is an American economics writer and editor known for his work at Barron’s and the Financial Times.
Known for: Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace
Books by Matthew C. Klein and Michael Pettis
Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace
This book argues that global trade imbalances are not primarily the result of national competitiveness but of domestic inequality. Klein and Pettis explain how the concentration of income and wealth within countries leads to excess savings and weak demand, fueling trade conflicts and financial instability. They analyze the economic relationships between the United States, China, and Europe, showing how class divisions within nations drive international tensions and distort the global economy.
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Historical Context
After World War II, the architects of the global economy recognized that balance mattered—not only between nations, but within them. The Bretton Woods system, led by figures like Keynes and White, was built to ensure that no country could grow at the expense of another without consequence. Domestic ...
From Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace
Conceptual Framework
To understand how inequality drives trade conflicts, Pettis and Klein build a deceptively simple model grounded in the relationship between income, savings, and consumption. Every economy must balance its output with its spending: what is produced must be bought by someone. When income is distribute...
From Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace
About Matthew C. Klein and Michael Pettis
Matthew C. Klein is an American economics writer and editor known for his work at Barron’s and the Financial Times. Michael Pettis is a professor of finance at Peking University and a senior fellow at the Carnegie Endowment for International Peace, specializing in Chinese and global macroeconomics.
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Matthew C. Klein is an American economics writer and editor known for his work at Barron’s and the Financial Times.
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