Good Economics for Hard Times: Better Answers to Our Biggest Problems

The winners of the Nobel Prize present how economics, when performed proper, may also help us resolve the thorniest social and political issues of our day.

Figuring out how to cope with at present’s crucial financial issues is probably the good problem of our time. Much higher than house journey or maybe even the subsequent revolutionary medical breakthrough, what’s at stake is the entire thought of the nice life as we have now identified it.

Immigration and inequality, globalization and technological disruption, slowing development and accelerating local weather change – these are sources of nice anxiousness internationally, from New Delhi and Dakar to Paris and Washington, DC. The sources to deal with these challenges are there – what we lack are concepts that can assist us soar the wall of disagreement and mistrust that divides us. If we succeed, historical past will bear in mind our period with gratitude; if we fail, the potential losses are incalculable.

In this revolutionary ebook, famend MIT economists Abhijit V. Banerjee and Esther Duflo tackle this problem, constructing on cutting-edge analysis in economics defined with lucidity and charm. Original, provocative, and pressing, Good Economics for Hard Times makes a persuasive case for an clever interventionism and a society constructed on compassion and respect. It is a rare achievement, one which shines a lightweight to assist us respect and perceive our precariously balanced world.