Review
"From recent market anomalies that have shocked us, like negative oil prices or negative-yielding bonds, to bigger societal issues like economic inequality and political tensions, Chandler argues that our system has too much, not too little. It’s a provocative thesis made in a compelling way, with plenty of historical references and explanations. Surplus changed the way I think about the market and the economy." -- Sara Eisen
“Surplus pulls off the rare trick of taking familiar material on the world economy and forcing readers to ask new questions and confront that material in a different way. Chandler has long been one of the best and most perceptive commentators on the economy and global markets, and this is his most important book to date. Its central message is almost biblical in its force: ‘The devil will find work for idle capital to do.’" ― John Authers
“Observing that surpluses have historically transformed civilization, leading foreign exchange analyst Chandler provocatively delves into today's economic life and societal functioning, arguing that surplus capital has inflated asset prices, enriched the well-off, entrenched their political power, and weakened society's sense of equity and fairness while undermining democracy.” ― Mark Sobel
“Bracingly original. Economics has always been a study on supply and demand with a primary focus on scarcity. However, the real problem is distribution, not scarcity. Chandler’s Surplus makes the case that confusing the two is not just an intellectual error but also a political one, with consequences we are only beginning to live through.” ― Rick Dennen
“Surplus takes readers on a journey to think differently about the ubiquitous concepts of surplus and abundance in the global economy. In doing so, Chandler makes connections - between the surplus of resources and social/financial inequality, environmental deterioration, democratic erosion, and a polarized political arena – that no other economist has made. Reading this book allowed me to understand linkages that were previously treated as unbundled. Truly original thinking.” ― Jeff Schoenfeld
About the Author
Marc Chandler is one of the most highly respected and widely quoted currency experts in the United States today, with more than three decades of experience analyzing the global capital markets and advising private businesses, hedge funds, and major public institutions on policy and market behavior. He currently serves as Chief Market Strategist at Bannockburn Capital Markets.
Chandler appears regularly on major media outlets such as CNBC, FOX Business, and Bloomberg TV and Radio. His writing and commentary have been featured by Barron’s, the Wall Street Journal, the Financial Times, The Nation, and the Washington Post, among others. Known for his colorful and incisive takes on global financial and economic news, Chandler is also a sought-after speaker at industry events across the United States. An honorary fellow of the Foreign Policy Association and a Business Visionary named by Forbes, Chandler is the author of Making Sense of the Dollar and Political Economy of Tomorrow. He lives in Manhattan, New York.
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