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Good Economics for Hard Times
- Better Answers to Our Biggest Problems
- Narrated by: James Lurie
- Length: 14 hrs and 45 mins
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Poor Economics
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Abhijit Banerjee and Esther Duflo have pioneered the use of randomized control trials in development economics. Work based on these principles, supervised by the Poverty Action Lab, is being carried out in dozens of countries. Drawing on this and their 15 years of research from Chile to India, Kenya to Indonesia, they have identified wholly new aspects of the behavior of poor people, their needs, and the way that aid or financial investment can affect their lives. Their work defies certain presumptions: that microfinance is a cure-all, that schooling equals learning....
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must read 1000 times at least by our politicians
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In this fifth edition of Basic Economics, Thomas Sowell revises and updates his popular book on commonsense economics, bringing the world into clearer focus through a basic understanding of the fundamental economic principles and how they explain our lives. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.
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must read 1000 times at least by our politicians
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It Helps To Understand Numbers
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Big decisions are hard. We consult friends and family, make sense of confusing “expert” advice online, maybe we read a self-help book to guide us. In the end, we usually just do what feels right, pursuing high stakes self-improvement—such as who we marry, how to date, where to live, what makes us happy—based solely on what our gut instinct tells us. But what if our gut is wrong? Biased, unpredictable, and misinformed, our gut, it turns out, is not all that reliable. And data can prove this.
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In this fifth edition of Basic Economics, Thomas Sowell revises and updates his popular book on commonsense economics, bringing the world into clearer focus through a basic understanding of the fundamental economic principles and how they explain our lives. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English.
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Is Dalio on the CCP payroll?
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Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times. Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike. That's why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does. Along the way, she points out how we can break our addiction to growth; redesign money, finance, and business to be in service to people; and create economies that are regenerative and distributive by design.
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Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans - predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth - and change the way we think about economics, ourselves, and our world.
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Want to learn about preventing pandemics? Read this book.
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The Deficit Myth
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Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country.
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paradigm shift
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Publisher's Summary
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.
What 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)
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Average Customer RatingsReviews - Please select the tabs below to change the source of reviews.
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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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2 people found this helpful
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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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- 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
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- Kindle Customer
- 2021-09-18
Stay away from soccer pls
A good overall book. He totally misses and is misinformed about Soccer and he goes even further telling why Ronaldo went to Juve for taxes, which is by far incorrect! He went there bcs of new challenge and that was nothing for him in Real anymore, and if that's not enough he again explains how Arsenal spends to much in New player's lol. but economy wise it's worth listening. narrator is a 5 🌟
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- Christie
- 2021-07-26
Amazing
Can’t recommend this book enough.
In addition to the amazing insights, the authors acknowledge what economists do not know. We need more people like them rather than arrogant people who pretend to know everything
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- Anonymous User
- 2021-02-06
Misrepresents some facts oblivious of others
The author uses statistics when supporting his/her belief and take refuge from it when it does not.
The author discusses his/her confusion about why people don’t think economists considered trustworthy and then misses the mark completely while contemplating it. It is because economics is a political tool and more and more so the Liberal Arts are dominated by ... well... Liberals.
The author is confused as to why people want lower taxes. Is it because people think the rich will stop working if we have higher taxes ? No, obviously not. It’s because people want to keep their money.
I was compelled by the author’s discussion on stickiness of labour and it gave me pause when thinking of my own home region. The author makes a compelling case AGAINST trade, but without discussing the benefits of exports and then abandons his/her reasoning to going back to defend international trade.
Not bad. Not Great.
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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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- Tom
- 2020-12-02
Great research
A lot of the reviews say they have a left wing bias and I strongly disagree. They repeatedly defend working class people, present both sides of issues of free trade, UBI, socialism, etc. These are not political hacks but distinguished researchers.
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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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- 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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- CB
- 2019-12-08
audio is not The best format for a book like this
Audio is not The best format for a book like this. Should be attractively (priced) bundled with whisper synced Kindle ed.
I like The distinction The authors make between those who purport to be economists and 'actual' recognized ones .... and that The public mainly hears from the former, media being as it is.
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48 people found this helpful
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- Mike R
- 2020-02-20
Great thesis; Exhausting audiobook
The book contents were extremely thought provoking and shed light on the importance of the nuance and softer aspects that most traditional economics misses, which is incredibly important. The audiobook however sounds like the narrator is in a CNN true crime documentary and while consistent in tone, is so monotonous that it requires too much extra effort to listen to be worth recommending.
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47 people found this helpful
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- Helen Isherwood
- 2020-02-02
Promise it’s not dry....To all my fellow non scholarly types.
This definitely does not read (listen) like a PHD thesis. I was afraid it might. I will be listening, and recommending this book many times over. The writing stretched my synapses and heart strings at the same time.....Let’s all be more compassionate, understanding and grateful.
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42 people found this helpful
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- Kassandra
- 2020-01-07
more politics than economics
If you love big government, you will love this book. If you don’t trust big government, you will hate this book. If you think big government cares about you, I have some swamp land you might like. The book starts by telling us not to believe economists who work for business because they have self-interests. We should just believe the economists who work for big government or educational institutions that get their funding from big government. Of course, taxes pay these economists and the book spends considerable time talking about preventing tax evasion so we can pay economists to run our lives. The book proceeds to dismiss the foundations of economic theory (rational consumer choice, profit-maximizing firms, efficient markets) but, inexplicably, says we should believe economy theory anyway. Of course, only when it supports the authors’ progressive views. Economists who disagree with the authors are either right-wing or old-school economists who have not read recent research. The book has plenty of references to behavioral economics or psychologists to support the idea that ordinary people are either stupid or bigoted and need economists/big government to help them run their lives. I generally support immigration. However, the author’s arguments for immigrate are purely political. Illegal and legal immigration are the same. Global warming and man-made global warming are the same. Very high taxes and equity are the same (again, we need to pay those government economists). At one point the book says that Hillary Clinton should definitely not have called Trump supporters (1/2 the voters) deplorables because it is not helpful (of course, they are deplorables). What does that have to do with economics? The book references some economic studies but given the progressive agenda of the authors, it is hard to know whether these studies are representative or just anomalies. Watching economists testify at multiple civil trials, I can tell you with certainty that two economics can take the same data and come to opposite conclusions. Hence, it is important to hear both sides. This book fails to tell us both sides. Moreover, name calling is not an econometric method.
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41 people found this helpful
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- Robert A. Ackermann Jr.
- 2019-11-22
Economic observation from the head and the heart!
This is one of brighter flames of hope chiseled from the “facts” and observations of two great economists that transcend the pseudoscience of “pure economics”. The authors do not presume that the answers to the world’s economic woes are all grounded in some sort of money and or employment formulas. Instead, they show the broader truth that money, employment, wealth,poverty and the human condition are all rolled into the bubbling soup of human and social truth that we all make up. The book is well written and timely. It has a definite optimistic bent without any single, “one size fits all” magic bullet for the woes of the world’s economic condition. I feel they’re strongest theme is the basic dignity of all people. Well done!
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37 people found this helpful
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- Jean
- 2020-01-02
Excellent
This book is written by a husband and wife team who just won the Nobel Prize in Economics.
The book is well written and researched. In fact, it is surprisingly easy to read and understand for a lay person. The authors take a global approach to the subject. What impressed me was the fact they actually did research and analyzed data to find out what worked or not. They examined the most crucial issues the world faces such as migration, trade wars, inequality and climate change. They said “the book’s urgent task is to emphasize that there are no iron laws of economics keeping us from building a more humane world.” I was impressed with their methodical deconstruction of fake facts. I found this book most interesting and highly recommend it.
I am going to buy a hardback copy to keep as a reference book. The book is fourteen hours and forty-five minutes. James Lurie does a good job narrating the book. Lurie is an actor, voice-over artist and a well-known audiobook narrator.
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28 people found this helpful
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- Wayne
- 2020-04-27
Crap content, but with great narration!
What the authors are selling:
- leftists are always right; conservatives always wrong
- Thatcher was evil, Reagan was more evil; Trump is most evil of all
- everyone who voted for Brexit is either stupid or evil
- most economist are usually wrong, but the authors are always right
- every societal problem will be solved by higher marginal tax rates
- many people in the US vote against there self interest (because they are stupid)
- Mexico has a better government than the US; so does mainland China
- Europe is smart; the US is stupid
- Elizabeth Warren is always right on economic issues
GOOD ECONOMICS FOR HARD TIMES is a 15 hour hard leftist political diatribe; it is not a book about economics. This book is classified as non-fiction, but it is fiction. The ability to suspend disbelief is necessary to listen to it. By the way, I listened to the entire thing thanks to the marvelous narration by James Lurie. The book was the Audible Daily Deal for April 12, 2020.
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27 people found this helpful
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- Micah D
- 2020-01-10
Accessible but Challenging
I ordered the book after reading The Economist's rave review. I emerge even more impressed than expected. Banerjeee and Duflo have a gift for writing in a conversational style about complex science. Similarly, their organizational strategy for the book enhances the accessibility of their ideas. Readers/listeners are taken by the hand and walked through the "biggest problems" at a pace that somehow feels both brisk and unhurried. Along that walk, readers can expect a devotion to rigorous thinking and reliable process, leading to blunt criticisms of ideological excess (across the political spectrum). The excellent narration enriches the experience of this truly exceptional book.
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23 people found this helpful
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- Tamara Amavilah
- 2020-01-26
Good economics is easy for everyone to understand
Good economics applied everywhere around the world, examples from every continent. Inequality left unchecked will reverse the gains from centuries of human knowledge. Growth for growth’s sake is useless. Very inspiring!
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15 people found this helpful
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- SEAN MICHAEL FITZPATRICK
- 2020-01-09
Absolutely breathtaking!!
Best book I have ever read.
Everyone , I mean everyone should read the book and the word would be a better place.
Thank you to the authors.
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12 people found this helpful