The FIRE Economy

New Zealand’s Reckoning

The FIRE Economy's cover
Hight res image

Print publication:

eBook publication:

Pages: 344

RRP: $49.99

ISBN: 9781927247839

ISTC: A022013000006178

DOI: 10.7810/9781927247839

The FIRE economy – built on finance, insurance and real estate – is now the world’s principal source of wealth creation. Its rise has transformed our political, economic and social landscapes, supported by a neoliberal regime that celebrates markets, profit and risk. From rising inequality and ballooning household debt to a global financial crisis and fiscal austerity, the neoliberal ‘orthodoxy’ has brought instability and empowered the few. Yet it remains remarkably resilient, even resurgent, in New Zealand and abroad.

In 1995 Jane Kelsey set out a groundbreaking account of the neoliberal revolution in The New Zealand Experiment. Now she marshals an exceptional range of evidence to show how this transfer of wealth and power has been systematically embedded over three decades.

Today organisations and commentators once at the vanguard of neoliberal reform, including the IMF and Financial Times journalist Martin Wolf, are warning the current model is unsustainable. A post-neoliberal era beckons. In The FIRE Economy Kelsey identifies the risks posed by FIRE and the barriers embedded neoliberalism presents to a progressive, post-neoliberal transformation – and urges us to act. This is a book New Zealand cannot afford to ignore.

Jane Kelsey talks to the Fabians, 5 August 2015

Available in paperback and ebook formats from booksellers and using the ‘Buy’ buttons on this page. For more information on these purchase options please visit our Sales FAQs page or contact us.