Abstract
An attempt is made to understand the political upheaval in the West following the Brexit vote, the
election of Donald Trump as President of the United States, and the emergence of populist patriotic
parties throughout Europe, and why much of the anger is directed at economists and other experts.
One possibility is that migration, international trade, technological advances, the introduction of the
Euro and climate policy hurt the working and much of the middle classes without them being properly
compensated. Part of the anger is directed at new people who seem to be able to jump the queue and at
the rich who seem to get richer why wages for the poor remain stagnant.
election of Donald Trump as President of the United States, and the emergence of populist patriotic
parties throughout Europe, and why much of the anger is directed at economists and other experts.
One possibility is that migration, international trade, technological advances, the introduction of the
Euro and climate policy hurt the working and much of the middle classes without them being properly
compensated. Part of the anger is directed at new people who seem to be able to jump the queue and at
the rich who seem to get richer why wages for the poor remain stagnant.
| Original language | English |
|---|---|
| Pages (from-to) | 4-16 |
| Journal | Vestnik SPbSU, St. Petersburg University Journal of Economic Studies |
| Volume | 33 |
| Issue number | 1 |
| Publication status | Published - 2017 |
