Trade Wars Are Class Wars

The authors weave a complex tapestry of monetary, fiscal and social policies through history and offer opinions about what went right and what went wrong. . . . Worth reading for their insights into the history of trade and finance.George Melloan, Wall Street Journal This is a very important book.Martin Wolf, Financial Times An eagle-eyed perspective on the global economy, underpinned by close analysis and a remarkable clarity of exposition. The book is a terrific survey of the forces behind todays global trade tensions and imbalances.Ann Pettifor, Times Literary Supplement [O]ffers a deeper argument about the source of the trouble.The Economist Matthew Klein and Michael Pettis have successfully woven a grand narrative linking income inequality, geopolitics, trade, finance and even environmental issues.Maximilian Krnfelt, Merics China Briefing Newsletter [A]s Matthew Klein and Michael Pettis argue in their brilliant polemic Trade Wars Are Class Wars, industrial policy instruments are only part of the story.Adam Tooze, London Review of Books A well-written, highly recommended, and thought-provoking book.Ian Bright, Reading Room for the Society of Professional Economists This timely analysis should be of interest to policymakers as well as to scholars in economics, political science and international relations.Luqman Saeed, Journal of Peace Research Trade Wars Are Class Wars is a tale of three economies, China, Germany and the US. . . . Its a terrific book.Enlightened Economist Winner of the Lionel Gelber Prize, sponsored by Munk Centre for International Studies An erudite, original, and provocative explanation of the global economic imbalances that have been at the root of numerous financial crises.Ernesto Zedillo, director, Yale Center for the Study of Globalization This is a book that everyone concerned with the global economy should read. A fascinating account of the damage that rising inequalityespecially in China and Germanyhas done to all our economies.Dani Rodrik, Harvard University

Matthew C. Klein is the economics commentator at Barrons. Michael Pettis is professor of finance at Peking Universitys Guanghua School of Management and a senior fellow at the Carnegie Endowment for International Peace.