Good Economics Bad Economics

Good Economics  Bad Economics
Available:
Author: Abhijit V. Banerjee,Esther Duflo
Pages: 320
ISBN: 1610399501
Release: 2019-11-12
Editor: PublicAffairs

DESCRIPTION OF THE BOOK:

Two prize-winning economists show how economics, when done right, can help us solve the thorniest social and political problems of our day The experience of the last decade has not been kind to the image of economists: asleep at the wheel (perhaps with the foot on the gas pedal) in the run-up to the great recession, squabbling about how to get out of it, tone-deaf in discussions of the plight of Greece or the Euro area; they seem to have lost the ability to provide reliable guidance on the great problems of the day. In this ambitious, provocative book Abhijit V. Banerjee and Esther Duflo show how traditional western-centric thinking has failed to explain what is happening to people in a newly globalized world: in short Good Economics has been done badly. This precise but accessible book covers many of the most essential issues of our day--including migration, unemployment, growth, free trade, political polarization, and welfare. Banerjee and Duflo will confound and clarify the presumptions of our times, such as: Why migration doesn't follow the law of supply and demand Why trade liberalization can drive unemployment up and wages down Why macroeconomists like to bend the data to fit the model Why nobody can really explain why and when growth happens Why economists' assumption that people don't change their minds has made has made polarization worse Why quite often it doesn't take a village, especially if the villagers aren't that nice In doing so, they seek to reclaim this essential terrain, and to offer readers an economist's view of the great issues of the day--one that is candid about the complexities, the zones of ignorance, and the areas of genuine disagreement.

Good Economics for Hard Times

Good Economics for Hard Times
Available:
Author: Abhijit V. Banerjee,Esther Duflo
Pages: 403
ISBN: 9353450705
Release: 2019
Editor: Unknown

DESCRIPTION OF THE BOOK:

Good Economics for Hard Times

Good Economics for Hard Times
Available:
Author: Abhijit V. Banerjee,Esther Duflo
Pages: 432
ISBN: 9781541762879
Release: 2019-11-12
Editor: PublicAffairs

DESCRIPTION OF THE BOOK:

The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it. Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to Paris and Washington, DC. The resources to address these challenges are there--what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. If we succeed, history will remember our era with gratitude; if we fail, the potential losses are incalculable. In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.

Good Economics for Hard Times

Good Economics for Hard Times
Available:
Author: Abhijit V. Banerjee,Esther Duflo
Pages: 432
ISBN: 9781541762879
Release: 2019-11-12
Editor: Hachette UK

DESCRIPTION OF THE BOOK:

The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it. Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to Paris and Washington, DC. The resources to address these challenges are there--what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. If we succeed, history will remember our era with gratitude; if we fail, the potential losses are incalculable. In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.

Good Economics for Hard Times

Good Economics for Hard Times
Available:
Author: Abhijit V. Banerjee,Esther Duflo
Pages: 256
ISBN: 9780141986203
Release: 2019-11-12
Editor: Penguin UK

DESCRIPTION OF THE BOOK:

FROM THE WINNERS OF THE 2019 NOBEL PRIZE IN ECONOMICS 'Wonderfully refreshing . . . A must read' Thomas Piketty In this revolutionary book, prize-winning economists Abhijit V. Banerjee and Esther Duflo show how economics, when done right, can help us solve the thorniest social and political problems of our day. From immigration to inequality, slowing growth to accelerating climate change, we have the resources to address the challenges we face but we are so often blinded by ideology. Original, provocative and urgent, Good Economics for Hard Times offers the new thinking that we need. It builds on cutting-edge research in economics - and years of exploring the most effective solutions to alleviate extreme poverty - to make a persuasive case for an intelligent interventionism and a society built on compassion and respect. A much-needed antidote to polarized discourse, this book shines a light to help us appreciate and understand our precariously balanced world.

Good Economics for Hard Times

Good Economics for Hard Times
Available:
Author: Abhijit V. Banerjee,Esther Duflo
Pages: 432
ISBN: 154178894X
Release: 2021-08-10
Editor: Public Affairs

DESCRIPTION OF THE BOOK:

The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it. Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to Paris and Washington, DC. The resources to address these challenges are there--what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. If we succeed, history will remember our era with gratitude; if we fail, the potential losses are incalculable. In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world. In this ambitious, provocative book Abhijit V. Banerjee and Esther Duflo show how traditional western-centric thinking has failed to explain what is happening to people in a newly globalized world: in short Good Economics has been done badly. This precise but accessible book covers many of the most essential issues of our day--including migration, unemployment, growth, free trade, political polarization, and welfare. Banerjee and Duflo will confound and clarify the presumptions of our times, such as: Why migration doesn't follow the law of supply and demand Why trade liberalization can drive unemployment up and wages down Why macroeconomists like to bend the data to fit the model Why nobody can really explain why and when growth happens Why economists' assumption that people don't change their minds has made has made polarization worse Why quite often it doesn't take a village, especially if the villagers aren't that nice In doing so, they seek to reclaim this essential terrain, and to offer readers an economist's view of the great issues of the day--one that is candid about the complexities, the zones of ignorance, and the areas of genuine disagreement.

Poor Economics

Poor Economics
Available:
Author: Abhijit Banerjee,Esther Duflo
Pages: 320
ISBN: 9781610391603
Release: 2012-03-27
Editor: PublicAffairs

DESCRIPTION OF THE BOOK:

The winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor.

How Change Happens

How Change Happens
Available:
Author: Cass R. Sunstein
Pages: 344
ISBN: 9780262538985
Release: 2020-04-14
Editor: Mit Press

DESCRIPTION OF THE BOOK:

How does social change happen? When do social movements take off? Sexual harassment was once something that women had to endure; now a movement has risen up against it. White nationalist sentiments, on the other hand, were largely kept out of mainstream discourse; now there is no shortage of media outlets for them. In this book, with the help of behavioral economics, psychology, and other fields, Cass Sunstein casts a bright new light on how change happens.

Handbook of Field Experiments

Handbook of Field Experiments
Available:
Author: Esther Duflo,Abhijit Banerjee
Pages: 528
ISBN: 9780444633255
Release: 2017-03-21
Editor: Elsevier

DESCRIPTION OF THE BOOK:

Handbook of Field Experiments explains how to conduct experimental research, presents a catalog on what research has uncovered thus far, and describes which areas remain to be explored. The section on methodology will be of particular interest to scholars working with experimental methods. Among substantive findings, contributors report on a body of results in areas from politics, to education, and firm productivity, demonstrating the power of these methods, while shedding light on issues such as robustness and external validity. Separating itself from circumscribed debates of specialists, this volume surpasses in usefulness the many journal articles and narrowly-defined books written by practitioners. Balances methodological insights with analyses of principal findings and suggestions for further research Appeals broadly to social scientists seeking to develop an expertise in field experiments Strives to be analytically rigorous Written in language that is accessible to graduate students and non-specialist economists

Hard Times for These Times

Hard Times for These Times
Available:
Author: Charles Dickens
Pages: 329
ISBN: HARVARD:32044025038969
Release: 1870
Editor: Unknown

DESCRIPTION OF THE BOOK:

Growth

Growth
Available:
Author: Vaclav Smil
Pages: 664
ISBN: 9780262539685
Release: 2020-12
Editor: Unknown

DESCRIPTION OF THE BOOK:

A systematic investigation of growth in nature and society, from tiny organisms to the trajectories of empires and civilizations. Growth has been both an unspoken and an explicit aim of our individual and collective striving. It governs the lives of microorganisms and galaxies; it shapes the capabilities of our extraordinarily large brains and the fortunes of our economies. Growth is manifested in annual increments of continental crust, a rising gross domestic product, a child's growth chart, the spread of cancerous cells. In this magisterial book, Vaclav Smil offers systematic investigation of growth in nature and society, from tiny organisms to the trajectories of empires and civilizations. Smil takes readers from bacterial invasions through animal metabolisms to megacities and the global economy. He begins with organisms whose mature sizes range from microscopic to enormous, looking at disease-causing microbes, the cultivation of staple crops, and human growth from infancy to adulthood. He examines the growth of energy conversions and man-made objects that enable economic activities--developments that have been essential to civilization. Finally, he looks at growth in complex systems, beginning with the growth of human populations and proceeding to the growth of cities. He considers the challenges of tracing the growth of empires and civilizations, explaining that we can chart the growth of organisms across individual and evolutionary time, but that the progress of societies and economies, not so linear, encompasses both decline and renewal. The trajectory of modern civilization, driven by competing imperatives of material growth and biospheric limits, Smil tells us, remains uncertain.

Politics in Hard Times

Politics in Hard Times
Available:
Author: Peter Alexis Gourevitch,Peter Gourevitch
Pages: 267
ISBN: 0801494362
Release: 1986
Editor: Cornell University Press

DESCRIPTION OF THE BOOK:

In Politics in Hard Times, Peter Gourevitch explores the common political factors that shape economic policy choices. He focuses on three periods of economic crisis--1873-1896, 1929-1949, and 1971 to the present--and compares policy choices made in Britain, France, Germany, Sweden, and the United States.

Narrative Economics

Narrative Economics
Available:
Author: Robert J. Shiller
Pages: 400
ISBN: 9780691182292
Release: 2019-10
Editor: Princeton University Press

DESCRIPTION OF THE BOOK:

"Economists have long based their forecasts on financial aggregates such as price-earnings ratios, asset prices, and exchange rate fluctuations, and used them to produce statistically informed speculations about the future--with limited success. Robert Shiller employs such aggregates in his own forecasts, but has famously complemented them with observations about the influence of mass psychology on certain events. This approach has come to be known as behavioral economics. How can economists effectively capture the effects of psychology and its influence on economic events and change? Shiller attempts to help us better understand how psychology affects events by explaining how popular economic stories arise, how they grow viral, and ultimately how they drive economic developments. After defining narrative economics in the book's preface with allusions to the advent of both the Great Depression and to World War II, Shiller presents an example of a recent economic narrative gone viral in the story of Bitcoin. Next, he explains how narrative economics works with reference to how other disciplines incorporate narrative into their analyses and also to how epidemiology explains how disease goes viral. He then presents accounts of recurring economic narratives, including the gold standard, real estate booms, war and depression, and stock market booms and crashes. He ends his book with a blueprint for future research by economists on narrative economics"--

Made in China

Made in China
Available:
Author: Amelia Pang
Pages: 288
ISBN: 9781643751139
Release: 2021-02-02
Editor: Algonquin Books

DESCRIPTION OF THE BOOK:

A Most-Anticipated Book of the Year: Newsweek * Refinery29 “Moving and powerful.” —Chris Hedges, Pulitzer Prize–winning journalist and author In 2012, an Oregon mother named Julie Keith opened up a package of Halloween decorations. The cheap foam headstones had been $5 at Kmart, too good a deal to pass up. But when she opened the box, something fell out that she wasn’t expecting: an SOS letter, handwritten in broken English by the prisoner who’d made and packaged the items. In Made in China, investigative journalist Amelia Pang pulls back the curtain on the labor camps that create the home goods we buy at Kmart, the fast fashion we buy at H&M, and a shocking number of other products besides. The book follows the life of Sun Yi, the Chinese engineer who wrote the note after finding himself a political prisoner, locked in a gulag for joining a forbidden meditation practice and campaigning for the freedom to do so. There he worked alongside petty criminals, civil rights activists, and anyone else the Chinese government decided to “reeducate,” carving foam gravestones and stitching clothing for more than fifteen hours a day. In chasing this story, journalist Amelia Pang has conducted extensive interviews with Sun Yi and the people who knew him. She also identified and interviewed others who endured similar horrors, and who inflicted them. And she traveled to China to follow falsified supply chains herself, tracking trucks from labor camps to warehouses. The story she uncovers is a call to action, urging the American consumer to ask more questions and demand more answers from the companies they patronize.

The Great Economists

The Great Economists
Available:
Author: Linda Yueh
Pages: 368
ISBN: 9780241974483
Release: 2018-03-15
Editor: Penguin UK

DESCRIPTION OF THE BOOK:

What can the ideas of history's greatest economists tell us about the most important issues of our time? 'The best place to start to learn about the very greatest economists of all time' Professor Tyler Cowen, author of The Complacent Class and The Great Stagnation Since the days of Adam Smith, economists have grappled with a series of familiar problems - but often their ideas are hard to digest, before we even try to apply them to today's issues. Linda Yueh is renowned for her combination of erudition, as an accomplished economist herself, and accessibility, as a leading writer and broadcaster in this field; and in The Great Economists she explains the key thoughts of history's greatest economists, how their lives and times affected their ideas, how our lives have been influenced by their work, and how they could help with the policy challenges that we face today. In the light of current economic problems, and in particular economic growth, Yueh explores the thoughts of economists from Adam Smith and David Ricardo through Joan Robinson and Milton Friedman to Douglass North and Robert Solow. Along the way she asks, for example: what do the ideas of Karl Marx tell us about the likely future for the Chinese economy? How does the work of John Maynard Keynes, who argued for government spending to create full employment, help us think about state investment? And with globalization in trouble, what can we learn about handling Brexit and Trumpism? In one accessible volume, this expert new voice provides an overarching guide to the biggest questions of our time. The Great Economists includes: Adam Smith David Ricardo Karl Marx Alfred Marshall Irving Fisher John Maynard Keynes Joseph Schumpeter Friedrich Hayek Joan Robinson Milton Friedman Douglass North Robert Solow 'Economics students, like others, can learn a lot from this book' - Professor Paul Collier, author of The Bottom Billion 'Not only a great way to learn in an easily readable manner about some of the greatest economic influences of the past, but also a good way to test your own a priori assumptions about some of the big challenges of our time.' - Lord Jim O'Neill, former Chairman at Goldman Sachs Asset Management, former UK Treasury Minister, and author of The Growth Map 'An extremely engaging survey of the lifetimes and ideas of the great thinkers of economic history.' - Professor Kenneth Rogoff, author of The Curse of Cash and co-author of This Time is Different 'This book is a very readable introduction to the lives and thinking of the greats.' - Professor Raghuram Rajan, former Governor of the Reserve Bank of India, and author of I Do What I Do and Fault Lines 'Read it not only to learn about the world's great economists, but also to see how consequential thought innovations can be, and have been.' - Mohamed el-Erian, Chief Economic Adviser at Allianz, former CEO of PIMCO

The Great Reversal

The Great Reversal
Available:
Author: Thomas Philippon
Pages: 304
ISBN: 9780674237544
Release: 2019
Editor: Belknap Press

DESCRIPTION OF THE BOOK:

American markets, once a model for the world, are giving up on competition. Thomas Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by investing and innovating, powerful firms use political pressure to secure their advantages. The result is less efficient markets, leading to higher prices and lower wages.

Economics for the Common Good

Economics for the Common Good
Available:
Author: Jean Tirole
Pages: 584
ISBN: 9780691192253
Release: 2019-05-14
Editor: Princeton University Press

DESCRIPTION OF THE BOOK:

"When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a 'dismal science,' is a positive force for the common good. Economists are rewarded for writing technical papers in scholarly journals, not joining in public debates. But Tirole says we urgently need economists to engage with the many challenges facing society, helping to identify our key objectives and the tools needed to meet them. To show how economics can help us realize the common good, Tirole shares his insights on a broad array of questions affecting our everyday lives and the future of our society, including global warming, unemployment, the post-2008 global financial order, the euro crisis, the digital revolution, innovation, and the proper balance between the free market and regulation. Providing a rich account of how economics can benefit everyone, Economics for the Common Good sets a new agenda for the role of economics in society"--Provided by publisher.

The Future of Capitalism

The Future of Capitalism
Available:
Author: Paul Collier
Pages: 256
ISBN: 9780062748669
Release: 2018-12-04
Editor: HarperCollins

DESCRIPTION OF THE BOOK:

From world-renowned economist Paul Collier, a candid diagnosis of the failures of capitalism and a pragmatic and realistic vision for how we can repair it. Deep new rifts are tearing apart the fabric of the United States and other Western societies: thriving cities versus rural counties, the highly skilled elite versus the less educated, wealthy versus developing countries. As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit, and the return of the far-right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now. In a passionate and polemical book, celebrated economist Paul Collier outlines brilliantly original and ethical ways of healing these rifts—economic, social and cultural—with the cool head of pragmatism, rather than the fervor of ideological revivalism. He reveals how he has personally lived across these three divides, moving from working-class Sheffield to hyper-competitive Oxford, and working between Britain and Africa, and acknowledges some of the failings of his profession. Drawing on his own solutions as well as ideas from some of the world’s most distinguished social scientists, he shows us how to save capitalism from itself—and free ourselves from the intellectual baggage of the twentieth century.

Prosperity without Growth

Prosperity without Growth
Available:
Author: Tim Jackson
Pages: 310
ISBN: 9781317388227
Release: 2016-12-08
Editor: Taylor & Francis

DESCRIPTION OF THE BOOK:

What can prosperity possibly mean in a world of environmental and social limits? The publication of Prosperity without Growth was a landmark in the sustainability debate. Tim Jackson’s piercing challenge to conventional economics openly questioned the most highly prized goal of politicians and economists alike: the continued pursuit of exponential economic growth. Its findings provoked controversy, inspired debate and led to a new wave of research building on its arguments and conclusions. This substantially revised and re-written edition updates those arguments and considerably expands upon them. Jackson demonstrates that building a ‘post-growth’ economy is a precise, definable and meaningful task. Starting from clear first principles, he sets out the dimensions of that task: the nature of enterprise; the quality of our working lives; the structure of investment; and the role of the money supply. He shows how the economy of tomorrow may be transformed in ways that protect employment, facilitate social investment, reduce inequality and deliver both ecological and financial stability. Seven years after it was first published, Prosperity without Growth is no longer a radical narrative whispered by a marginal fringe, but an essential vision of social progress in a post-crisis world. Fulfilling that vision is simply the most urgent task of our times.

The Experience Economy

The Experience Economy
Available:
Author: B. Joseph Pine,James H. Gilmore
Pages: 359
ISBN: 9781422161975
Release: 2011
Editor: Harvard Business Press

DESCRIPTION OF THE BOOK:

Rev. ed. of: The experience economy: work is theatre & every business a stage. 1999.