Profit and Prejudice The Luddites of the Fourth Industrial Revolution

"With his trademark wit and deep insights, Paul Donovan tackles topics of enormous importance and relevance in Profit and Prejudice. Against the backdrop of worldwide protests against racism, sexism and other forms of prejudice, Paul explores the connections between capitalism, behavioral psychology and society to illuminate how conscious and unconscious bias lowers human welfare. Remarkably, he does so in easy-to-understand, jargon-free terms. This is a must read for anyone interested in how and why markets fail." - Larry Hatheway, Co-Founder, Jackson Hole Economics

"In this engaging and timely book on the properties and problems of prejudice in the economy, Paul Donovan makes a compelling case for an upcoming generation embracing the fourth industrial revolution to turn its back on this particular type of irrational and damaging behaviour." - George Magnus, Associate at Oxford University's China Centre and Research Associate at SOAS, London

"Through engaging personal stories and thoughtful economic analyses, Paul explores how the turmoil of an economic revolution feeds prejudice and exclusion. He draws deep links between increasing economic inequality, status loss, and exclusion, but also reveals how to bridge the divide between industrial revolution and economic inclusion by sharing the gains of technology more equitably." - Vivienne Ming, CEO & Co-Founder, Socos Labs.

"Profit and Prejudice: The Luddites of the Fourth Industrial Revolution is the brilliant new book by Paul Donovan, chief economist of UBS Global Wealth Management. In the book, Donovan sets out the reasons why avoiding prejudice will be critical to economic success in a period of profound transition. He explains why the proper use of technology, with diverse decision-making, can be the difference between success and failure in a changing world." - The Bulletin with UBS, Monocle Radio, Episode 322, December 2020.