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Time Is Running Out: Depression, Polycrisis, and the World Economy in the 2020s

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We live in a moment of interlocking and compounding crises that many commentators have aptly termed the ‘polycrisis.’ Rampant inequality. Unchecked climate change. A global pandemic. And now, seething international divisions and the escalatory spiral of war and state violence. As the world moves toward the end of the 2020s, each of the pieces of this mosaic are becoming impossible to ignore, but how do they all fit together? And where is it all heading?


To answer these questions, economist a...