Good Economics for Hard Times
Better Answers to Our Biggest Problems
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Good Economics for Hard Times
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Narrated by:
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James Lurie
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Written by:
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Abhijit V. Banerjee
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Esther Duflo
About this listen
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.
©2019 Abhijit V. Banerjee and Esther Duflo (P)2019 PublicAffairsWhat the critics say
"In Good Economics for Hard Times, Banerjee and Duflo, two of the world's great economists, parse through what economists have to say about today's most difficult challenges-immigration, job losses from automation and trade, inequality, tribalism and prejudice, and climate change. The writing is witty and irreverent, always informative but never dull. Banerjee and Duflo are the teachers you always wished for but never had, and this book is an essential guide for the great policy debates of our times." (Raghuram Rajan, Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business)
"Banerjee and Duflo have shown brilliantly how the best recent research in economics can be used to tackle the most pressing social issues: unequal economic growth, climate change, lack of trust in public action. Their book is an essential wake-up call for intelligent and immediate action!" (Emmanuel Saez, professor of economics at UC Berkeley)
"Banerjee and Duflo move beyond the simplistic forecasts that abound in the Twittersphere and in the process reframe the role of economics. Their dogged optimism about the potential of economics research to deliver makes for an informative and uplifting read." (Pinelopi Goldberg, Elihu Professor of Economics, Yale University, and chief economist of the World Bank Group)
What listeners say about Good Economics for Hard Times
Average Customer RatingsReviews - Please select the tabs below to change the source of reviews.
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Overall5 out of 5 stars
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- SB The Student
- 2020-08-12
OK ... WOW
I now understand why Bill Gates sounds alittle "giddy" when suggesting this as his first choice of books to read this summer.
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Overall5 out of 5 stars
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- Amazon Customer
- 2020-01-11
Excellent on many levels
very informative book that gives you crucial understanding of global and local economics, love this book, I learned so much.
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Overall4 out of 5 stars
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- KBB
- 2020-08-01
A Good but Difficult Read
Once I figured out I would never be able to absorb everything in this book I settled in and really enjoyed it. It presents an evidence-based approach to debunking many long standing economic theories that drive political thinking. Worth the read, just remember to take the broader lesons rather than the detailed evidence presented.
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Overall4 out of 5 stars
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- Quadratic
- 2019-11-21
Good counterweight to Basic Economics
This book was helpful as a layperson to get a better understanding of left-wing thought on the topic.
My only criticism is that these authors do apply principles a bit inconsistently in favour of what I can clearly read as their political orientation. They're fast to point out correlation is not causation with respect to tax cuts for the wealthy and economic growth (even while admitting there is growth, and that they don't know what is really creating it), yet when this same lack of causal connection exists for left-leaning theories, they seem to embrace the correlation as evidence and a reason to push forward.
In large part that's human nature, and for me it was actually a bit helpful in using this book as a counterweight to the more individualistic economic thinkers like Sowell.
Maybe my best praise is that I filled an A4 page of small-print, concise "interesting notes" on this book, which (for the book's size) is higher than my average, and I mainly only read real classics so that says something.
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3 people found this helpful
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Overall5 out of 5 stars
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- YANG
- 2020-09-23
Informative and engaging!
Love it! always ended up listening for more than 1 hour. True pleasure to listen to. I will recommend it to anyone who is interested in economics.
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Overall4 out of 5 stars
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- Anonymous User
- 2020-08-15
Buy the book
Enjoyed, but recommend buying the book instead as it is quite complex at times
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Overall5 out of 5 stars
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- C
- 2020-07-09
Excellent
Great book, a bit too left oriented, but apart that, an excellent resource!
Would recommend!
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1 person found this helpful
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Overall5 out of 5 stars
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- Global3xchange
- 2021-01-24
Incredible Insight of Economic
Thank you so much for sharing these useful datum!
Greatly appreciated, the author did an amazing job explaining how economic and the real world work intertwined.
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Overall5 out of 5 stars
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- Martin
- 2020-11-03
Excellent cutting-edge economic assessment
Fascinating and effortless repudiation of classical economics. A nuanced view of good economic policy with ample evidence.
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- Anonymous User
- 2020-06-11
Enjoyable for financial overview of the world
Thank you for writing this. I would appreciate if you had included more countries other than just focusing a lot on the USA and India. Overall, a great book.
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1 person found this helpful