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The Alternative
Book

The Alternative

How to Build a Just Economy

Public Affairs, 2024 more...


Editorial Rating

8

Qualities

  • Visionary
  • Hot Topic
  • Engaging

Recommendation

Why is the US economy so cutthroat? Is its harsh nature just an inevitable feature of capitalism? In this intriguing text, American journalist Nick Romeo travels to Austria, Spain, and Portugal, seeking alternatives to America’s dog-eat-dog economic ethos. In Austria, he finds a program that guarantees a job to anyone who wants one. In Spain’s Basque Country, he tours a thriving cooperative conglomerate. And in Portugal, he attends budget hearings in which citizens propose public projects based on their priorities. Through his travels, he draws a road map to a kinder, gentler form of capitalism.

Take-Aways

  • Mathematics has come to dominate the field of economics.
  • Consumers are willing to pay more when companies offer workers a living wage.
  • Guaranteed employment is a fraught concept but merits serious debate.

About the Author

Nick Romeo covers economic policy for The New Yorker and teaches at the Graduate School of Journalism at the University of California, Berkeley. He has written for The New York Times, The Washington Post, and National Geographic.