ori [Wiley] The Asset Economy

In this timely book, Lisa Adkins, Melinda Cooper and Martijn Konings argue that the rise of the asset economy has produced a new logic of inequality. Several decades of property inflation have seen asset ownership overshadow employment as a determinant of class position. Exploring the impact of generational dynamics in this new class landscape, the book advances an original perspective on a range of phenomena that are widely debated but poorly understood including the growth of wealth inequalities and precarity, the dynamics of urban property inflation, changes in fiscal and monetary policy and the predicament of the millennial generation. Despite widespread awareness of the harmful effects of Quantitative Easing and similar assetsupporting measures, we appear to have entered an era of policy lockin that is responsible a growing disconnect between popular expectations and institutional priorities. The resulting polarization underlies ma of the volatile dynamics and rapidly shifting alliances that dominate todays headlines.

ABOUT THE AUTHOR

Lisa Adkins is Head of the School of Social and Political Sciences at the University of Sydney.

Melinda Cooper is Associate Professor of Sociology at the University of Sydney.