Outrageous Fortunes and over one million other books are available for Amazon Kindle. Learn more
Qty:1
  • List Price: $25.00
  • Save: $4.32 (17%)
FREE Shipping on orders over $35.
Only 4 left in stock.
Ships from and sold by Amazon.com.
Gift-wrap available.
FREE Shipping on orders over $35.
Used: Good | Details
Sold by hippo_books
Condition: Used: Good
Comment: Item qualifies for FREE shipping and Prime! This item is used.
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

Outrageous Fortunes: The Twelve Surprising Trends That Will Reshape the Global Economy Hardcover – January 18, 2011


See all 11 formats and editions Hide other formats and editions
Amazon Price New from Used from
Kindle
"Please retry"
Hardcover, January 18, 2011
$20.68
$0.01 $0.01
Best%20Books%20of%202014

NO_CONTENT_IN_FEATURE

Best Books of the Month
Best Books of the Month
Want to know our Editors' picks for the best books of the month? Browse Best Books of the Month, featuring our favorite new books in more than a dozen categories.

Product Details

  • Hardcover: 272 pages
  • Publisher: Times Books; First Edition edition (January 18, 2011)
  • Language: English
  • ISBN-10: 0805091025
  • ISBN-13: 978-0805091021
  • Product Dimensions: 5.8 x 1.1 x 8.6 inches
  • Shipping Weight: 15.5 ounces (View shipping rates and policies)
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (26 customer reviews)
  • Amazon Best Sellers Rank: #1,334,342 in Books (See Top 100 in Books)

Editorial Reviews

From Publishers Weekly

Starred Review. Amid all the handwringing on the downward trajectory of the global economy comes this cool, collected, and sensible view of forthcoming economic trends. Altman (Connected), professor at NYU's Stern School of Business, looks at deeper factors--geography, culture, government policies--to challenge conventional (or simply much touted) wisdom: he predicts China's economic supremacy will be short, undermined by its own central government's heavy-handedness and Confucian cultural influences. He offers an unflinching examination of the merits and flaws of capitalism and socialism and resets archaic perceptions about how to encourage or inhibit growth. In his analysis, capitalism comes out on top, but succeeds best and for a longer period of time with government intervention and redistributive policies. Altman predicts global migratory shifts that will make today's world financial centers obsolete and foresees the pitfalls of a unified European currency. Altman delivers more than mere analysis or foreshadowing: this is revelatory reading for even the most casual observer of economics, and an invaluable tool for reconsidering how the world makes money. (Jan.) (c)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review

"Informative and accessible, penetrating and provocative, his book is a first-rate guide to global trends… Readers of Outrageous Fortunes are likely to conclude that they have learned some important things about a global economy that will have an ever-more profound impact on their lives."—NPR.org

"Bold… Interesting."—The Economist

"Amid all the handwringing on the downward trajectory of the global economy comes this cool, collected, and sensible view of forthcoming economic trends… Altman delivers more than mere analysis or foreshadowing: this is revelatory reading for even the most casual observer of economics, and an invaluable tool for reconsidering how the world makes money."—Publishers Weekly (starred review)

"Interesting thought experiments."—Kirkus Reviews

"If the past two years have taught us anything, it is the importance of counterintuitive thinking. Daniel Altman boldly ventures into the deep drivers of global change to uncover the unintended consequences of our current policies—regarding China, global trade, American jobs, and much more. Anyone who wants to get smart on globalization’s fate must read this book."

--Parag Khanna, author of The Second World and How to Run the World

"With so many new books offering autopsies of the financial crisis and the deepest recession since World War II, it’s a blessing that Daniel Altman has his eyes firmly fixed on risks and opportunities in the road ahead. He brings together a series of compelling predictions, and though readers may not agree with every element of his forecasts, all will be better informed for having read his book."

--Ian Bremmer, president of Eurasia Group and author of The End of the Free Market and The J Curve

"With all the attention being lavished on the short-run gyrations of the economy, it is refreshing to see a book that focuses on the long run. Daniel Altman is brave enough to make predictions about what will happen to the world economy twenty or thirty years from now. His analysis is thoughtful and compelling and should be required reading for those interested in creating a better world for our offspring."

--Hal R. Varian, chief economist at Google and professor of business, economics, and information management at the University of California, Berkeley

"Daniel Altman has something to tell you: the world may not turn out the way Thomas Friedman expects. Outrageous Fortunes is provocative, fast-moving, authoritative, and imaginative. Expect the unexpected."

--Tim Harford, author of The Undercover Economist and The Logic of Life

 


More About the Author

I've dedicated my life to raising living standards around the world, and part of that is helping people to understand the global economy and plan for the future. For me, the most important tools in economics are also the most basic ones. I think it's important to bring the power of those tools to as wide an audience as possible.

I hope you'll enjoy my books and feel free to interact with me via my Twitter feed (@altmandaniel), Facebook page, and personal web page (danielaltman.com). I find that what I learn from my readers can take my own thinking and research in unexpected directions, which is often the most exciting part of what I do. Best regards, and thanks for reading!

Customer Reviews

This is an interesting book, and well worth reading.
Jennifer Cameron-Smith
Where the strength of Daniel Altman's book lies is in pointing out twelve trends in today's global economy and how these trends may manifest themselves in the future.
Mr Flinchy
Very easy to read through and it kept me interested until the end.
EThomlinson

Most Helpful Customer Reviews

32 of 32 people found the following review helpful By Frank A. Pasquale III on April 26, 2011
Format: Hardcover
Daniel Altman's book Outrageous Fortunes is a consistently smart, engaging, and surprising read. It is one of very few books to address the larger forces shaping global economies. But unlike the usual macro predictive fare of a "Megatrends" or "Bold New World," it is grounded in a deep understanding of actual economic circumstances on the ground level.

Outrageous Fortunes works on two levels. First, for the self-interested investor, it's good to be aware of the long-run influences on productivity and power that Altman outlines. His discussion of the new colonialism demonstrates both the short term profits and incredible long-term risks that arise when countries like China and Saudi Arabia start buying rights to agricultural land and other resources in poorer places. He also challenges conventional wisdom on disintermediation, making a compelling case that certain middlemen and arbitrageurs can only gain from market integration.

Outrageous Fortunes also succeeds as a work for wonks, taking its place in the grand genre dubbed by David Brin the self-preventing prophecy. As Altman puts it, "a frequent goal of prediction is to alter the future - to warn of impending danger so that it can be avoided." The book describes many impending dangers, including increasing inequality driven by global warming, accelerating brain drains, and an enormous financial black market that is developing outside of traditional financial centers. Altman's description of that black market is particularly acute, and worth discussing in some detail.

Altman observes that "the last two decades witnessed the greatest expansion in financial markets the world has ever seen. At the heart of this expansion was the proliferation of derivatives.
Read more ›
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
27 of 27 people found the following review helpful By Cedar Riener on April 27, 2011
Format: Hardcover
In "Outrageous Fortunes" Daniel Altman offers 12 bold predictions about our world's economic future, based on a broad and sweeping set of factors. Combining the learned erudition of a Harvard-trained economist with the pithy clarity of a seasoned journalist, Altman (who is both) skillfully guides the reader through the present and future of the global economy. I am not an economist, but I read widely, and became much more interested in the economy as it seemed to crumble last summer. I had not read Altman's columns, or any of his previous books. Indeed, this was the first book that had the word "economy" in it that I had read in a very long time. Nonetheless, I found it clearly written, and incredibly interesting. I would recommend it highly to any curious reader.
While this is clearly a book about the global economy, Altman casts a wide net in describing factors that will influence the shape of different country's economies. For example, while he describes the common economic indicators that point to China's ascendance as the top economic power, he urges the reader to consider deeper factors that may inhibit China's growth. These deep factors include the hierarchical nature of China's economy, and of China's culture. Altman suggests that the Confucianism that pervades Chinese culture stands as an obstacle to entrepreneurship, and will hinder its ability to maintain its spectacular growth. Similarly, he suggests that the United States will become the world's sales force, in part because of the cultural dominance of English, and the world-wide cultural impact of the "American Dream," which has resulted in a uniquely American expertise in salesmanship.
Read more ›
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
30 of 33 people found the following review helpful By Ayesha Khanna on February 9, 2011
Format: Hardcover
In this surprising new book, Dan Altman not only challenges conventional notions of the linearity with which economists think, but also demonstrates acute knowledge of political dynamics and social issues all over the world. Altman weaves a very interesting and compelling narrative of how the globalization of everything from finance to tourism will reshape the world economy in ways we don't yet appreciate. One of the main reasons is that while all these issues are globalizing, politics is much slower, and throws up bizarre obstacles and unintended consequences. Altman is much more than an economist, he's a very clever oracle into the new future.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
24 of 26 people found the following review helpful By Robert Stryzinski on January 24, 2011
Format: Hardcover
"Outrageous Fortunes" offers twelve unconventional predictions about the future of the global economy. Author Daniel Altman argues, for example, that China may surpass the United States briefly but will then fall back into second-best status, that major international institutions such as the World Trade Organization and the European Union will collapse, and that America will become the "world's sales force."

I found the views offered in the book to be interesting, but often not especially well argued or supported. For example, Altman's contention that China will ultimately fail to become the world's most important economy is based on the same nebulous forecasts of future economic growth data that support the more conventional view. Altman simply makes slightly different assumptions and relies on the principle of "convergence." There is no deep discussion of the underlying causes that might result in such an outcome.

Likewise, Altman's suggestion that jobs in the United States will be heavily geared toward sales in the future seems speculative. Abundant evidence suggests that many sales-oriented positions (such as travel agents) are being destroyed by internet-based technologies, and there seems little doubt that other areas will be similarly impacted. Additionally, some of the book's predictions -- for example that climate change will make poorer countries dirtier and poorer and that the EU (or at least the currency union) may someday collapse are not particularly unconventional and have be widely discussed.
4 Comments Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

Most Recent Customer Reviews


What Other Items Do Customers Buy After Viewing This Item?