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Good Economics for Hard Times

Better Answers to Our Biggest Problems
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( 13,590 ratings, 1,388 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
Good Economics for Hard Times by Abhijit V. Banerjee and Esther Duflo examines the most pressing economic issues of our time, offering evidence-based solutions rooted in rigorous research. The authors explore topics like migration, trade, growth, and inequality, presenting clear insights on how to improve public policy and better the human condition.
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book may appeal to you if you are interested in understanding complex economic issues through clear and insightful analysis. It offers innovative solutions to pressing global economic problems, drawing on extensive research and real-world examples.

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Good Economics for Hard Times

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

Good Economics for Hard Times by Nobel Prize-winning economists Abhijit V. Banerjee and Esther Duflo is an enlightening exploration of how modern economic theories and policies can be designed to tackle the most challenging social and political issues of our era. Deftly combining rigorous analysis with a profound understanding of human behaviour, Banerjee and Duflo illustrate that when approached correctly, economics holds the key to solving many of the world's most intractable problems.

This ambitious and provocative book delves into critical global issues, debunking the myth that conventional, Western-centric economic theories hold all the answers. The authors argue that much of the economic discourse has been done badly, and they seek to correct this by providing in-depth discussions on several critical topics. For instance, the book scrutinises why migration does not adhere to the conventional law of supply and demand, why trade liberalisation can paradoxically lead to increased unemployment and lower wages, and why the factors driving economic growth remain elusive and complex.

Banerjee and Duflo extend their analysis to cover the inefficacies of traditional economic strategies and propose innovative solutions grounded in empirical research and real-world data. They argue for a reevaluation of settled truths, suggesting that nuanced and context-sensitive approaches are necessary to truly understand and address the economic challenges faced by both developed and developing nations.

The authors present an economist's perspective on pressing political issues with a candid acknowledgment of the obstacles we face. However, they maintain an optimistic viewpoint, urging readers to believe in the potential of thoughtful, well-researched economic policies to bring about positive change. The book is not just a critique but also a guide, offering insightful alternatives for how we might better navigate the economic and social complexities of the modern world.

Good Economics for Hard Times is essential reading for anyone interested in understanding the deep-seated economic forces shaping our world today and those seeking to find effective, humane solutions to the world's most persistent problems. Through lucid prose and compelling arguments, Banerjee and Duflo provide a crucial and timely contribution to contemporary economic discourse.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Good Economics for Hard Times has been praised for its accessible and down-to-earth approach, shedding light on how bad economics distort public debates and deconstructing false assumptions. Reviewers appreciate its refreshing take on a wide range of economic issues and its reliance on extensive data to provide a broader perspective. It is described as compelling, useful, relevant, and a must-read, with captivating insights into some of the most significant economic challenges of our time.

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Book Details

INFORMATION

ISBN: 9780141986197

Publisher: Penguin Books Ltd

Format: Paperback / softback

Date Published: 03 September 2020

Country: United Kingdom

Imprint: Penguin Books Ltd

Audience: General / adult, Tertiary education, Professional and scholarly

DIMENSIONS

Spine width: 23.0mm

Width: 129.0mm

Height: 198.0mm

Weight: 303g

Pages: 416

About the Author

Abhijit V. Banerjee (Author) Abhijit Banerjee is the Ford Foundation International Professor of Economics at MIT and the author of Poor Economics. He has been named as one of Foreign Policy magazine's top 100 global thinkers and has served on the U.N. Secretary-General's panel on the Post-2015 Development Agenda. Esther Duflo (Author) Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at MIT and the author of Poor Economics. Duflo is a member of the American Academy of Arts and Science, and has received numerous academic honors and prizes including the Infosys Prize, the Dan David Prize, a John Bates Clark Medal, and a MacArthur "Genius Grant" Fellowship.

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