Good Economics Bad Economics

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.

Author: Abhijit V. Banerjee

Publisher: PublicAffairs

ISBN: 9781610399500

Category: Business & Economics

Page: 320

View: 273

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

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.

Author: Abhijit V. Banerjee

Publisher: Public Affairs

ISBN: 9781541788947

Category: Business & Economics

Page: 432

View: 673

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.

Good Economics Bad Economics

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.

Author: Abhijit V. Banerjee

Publisher:

ISBN: 9781541762862

Category: Electronic books

Page:

View: 669

Two prize-winning economists 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

... 131 Glaeser, Edward, 34, 96 GMO foods, 126 good economics, example of,
325 Google, 133, 241 Gordon, Robert, 146,150, 151,153,229 governments
community autonomy vs. state interventions, 105–106 constraints that discourage
talent, ...

Author: Abhijit V. Banerjee

Publisher: Penguin UK

ISBN: 0141986204

Category: Business & Economics

Page: 256

View: 978

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 Writing Economic Ideas

lined notebook , wide ruled journal college ruled 8.5*11 inch in size 100 pages cute gift notebook for economists, coworkers, business men, mens & womens

Author: Bakari Kds

Publisher:

ISBN:

Category:

Page: 100

View: 119

lined notebook , wide ruled journal college ruled 8.5*11 inch in size 100 pages cute gift notebook for economists, coworkers, business men, mens & womens

Nonprofit Finance for Hard Times

Premised on an explicit philosophy that places community engagement at the heart of both nonprofit action and philanthropic giving, this book provides both financial strategy for nonprofit organizational growth and core concepts of ...

Author: Susan U. Raymond

Publisher: John Wiley & Sons

ISBN: 9780470583166

Category: Business & Economics

Page: 224

View: 176

How to make strategic plan to help your nonprofit navigate turbulent financial waters and achieve strengthened revenues During this time of upheaval and instability with the country's financial markets and economy, you might be wondering how your nonprofit can emerge stronger from this unprecedented turmoil and prepare for future economic cycles. Practical and timely, Nonprofit Finance for Hard Times: Leadership Strategies When Economies Falter helps your nonproft get strategic in the weak economy. Nonprofit Finance for Hard Times shows you how surviving the current economic conditions means dedicating yourself to understanding the details of the current financial crisis and identifying those Board members and other leaders who can give you deep analysis on the crisis and act as your analysts of the winners and losers in real time. Emphasizes that the core of all strategy is engagement Helps you reassess your nonprofit's communications tools for both messages and markets Asserts that the operative need is for strategy, not panic Revisits all assumptions Explains how to sort and cull past supporters for those who will emerge from the turmoil first and strongest Reveals how to identify new audiences Providing the guidance your nonprofit needs-not to just hang on for the white-knuckle ride, but to plan their best strategy to survive and succeed-Nonprofit Finance for Hard Times equips you with the tools you need to get started.

How To Become A Millionaire

"Don't let the breezy, irreverent style of this book fool you.

Author: Businessman Jack

Publisher:

ISBN:

Category:

Page: 44

View: 254

A unique voice on money, one singularly attuned to...his generation." (San Francisco Chronicle) Buy as many lattes as you want. Spend extravagantly on the things you love. Live your rich life instead of tracking every last expense with Ramit Sethi's simple, powerful, and effective six-week program for gaining control over your finances. This isn't typical advice from a money expert. In this completely updated second edition, Ramit teaches you how to choose long-term investments and the right bank accounts. With his characteristic no-BS perspective, he shows how to squeeze every hidden benefit out of your credit cards. Crush debt and student loans. Learn the exact words to negotiate a raise. Set up an automatic payment system and get on with your life. Plus, new material on overcoming psychological barriers, love and money, new investments options, and real audience stories of how applying Ramit's principles led to a rich life. "Don't let the breezy, irreverent style of this book fool you. It contains serious advice on personal-finance decisions, from budgeting and savings to spending and investing." (Burton G. Malkiel, author of A Random Walk Down Wall Street)PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

Money Basics for Tough Times

There's so much great stuff to be read, it's a crime not to be lapping it up. ... Barry Good Economics for Hard Times by Abhijit V Banerjee and Esther Duflo ...

Author: David Koch

Publisher: Macmillan Publishers Aus.

ISBN: 1760983748

Category: Business & Economics

Page: 300

View: 500

The essential guide for managing your finances in the wake of COVID-19, and how to turn a recession into an opportunity. Get the money basics right and get back on your feet after financial disaster. Australia hasn't had a recession in 30 years - so how can you recover from it? The COVID-19 pandemic has thrown the global economy into chaos and stock market on a wild rollercoaster ride. But what about your finances? Whether you've lost on shares, your property or your job, this is a frightening time for everyone. Getting the money stuff right has never been more important. Money Basics for Tough Times is about having a plan to recover from financial disaster. Packed with tips and strategies on money management, from negotiating with your landlord to buying groceries on a shoestring budget to investing in crashing markets to starting a side hustle for extra income, pioneering consumer finance journalist David Koch offers Australians hope in an unprecedented era by taking things back to basics. This is a clear, comforting, concise guide for how individuals and families, despite economic hardship and uncertainty, can turn their fortunes around.

Guyana s Great Economic Downswing 1977 1990

Socio-Economic Impact of Co-Operative Socialism Ramesh Gampat ... Good Economics for Hard Times. New York: Publications Affairs. Bank of Guyana. 2020.

Author: Ramesh Gampat

Publisher: Xlibris Corporation

ISBN: 1664132848

Category: Political Science

Page: 660

View: 804

Much of Guyana’s 20th century history was defined by the PNC dictatorship and the political and economic wreckage it left behind. In “Guyana’s Great Economic Downswing, 1977 to 1990”, Dr Ramesh Gampat presents a comprehensive study of these specific years when the national economy contracted by 2.7 percent annually. He explores the multiple facets of the country’s political tribalism which “does not value freedom, liberty and the flourishing of all people; it values only freedom, liberty and flourishing of tribes.” The study reinforces the widely held belief that until and unless these adversarial groups subsume their respective selfish interests and commit to the common cause of national peace and development, the great downswing might not rest as a historical event but could well re-emerge with further economic devastation if the lessons go unheeded. Dr Gampat makes a strong case for federalism as a solution to Guyana’s ethnic politics. Federalism, he posits, would ensure that all Guyanese have equal access to opportunities and resources since a system of provincial governance would be better placed to address discriminatory policies and practices at a localised level. With the country sitting on the cusp of transformative development to be propelled by new-found oil wealth, there is an urgency to settle the divisive politics if every Guyanese is to benefit fairly and equitably from the economic boom. “Guyana’s Great Economic Downswing, 1977 to 1990” offers up a studied and comprehensive analysis that should be part of that bipartisan discourse going forward. --- Ryhaan Shah, Novelist, Social Activist A few piecemeal academic articles analyzing Guyana’s economic evolution over the period 1977 to 1990 were written, but they are scattered and lost away in various journals. What was missing is a comprehensive and rigorous exploration of the era of Cooperative Socialism. Dr. Ramesh Gampat’s book fills this gap. It is a superb synthesis of historical, theoretical and econometric exploration of the Great Downswing. The book not only provides estimates of important macroeconomic concepts such as Guyana’s total factor productivity and long-term growth, but also produces the useful statistics and reviews of poverty, inequality, life expectancy, education outcomes as well as a detailed analysis of the rice sector. As if these are not enough, Gampat sets the tone by situating the exploration in the country’s long standing and debilitating ethno-political dynamics. This self-contained book will be of tremendous use to policy makers, journalists and students interested in the historical context of present-day outcomes. I highly recommend this book to public libraries and home reference libraries. ---Tarron Khemraj, William and Marie Selby Professor of Economics and International Studies, New College of Florida

The Social Sciences in a Global Age

... co-recipients of the Nobel Prize in Economics in 2019, in their co-authored book Good Economics for Hard Times: Better Answers to Our Biggest Problems ...

Author: Dipankar Sinha

Publisher: Taylor & Francis

ISBN: 1000224295

Category: Social Science

Page: 174

View: 802

The book focuses on the status and role of social sciences in the current millennium. Drawing inspiration from a range of theorists, it critically examines the key debates on the social science stream and focuses on its ir/relevance in our times in the background of changing state-market dialectics. It specifically scrutinises knowledge politics of the global times to reveal how the neoliberal project aligns and fuses steep economic ‘conditionalities’ with professional cultural parameters of higher academia to constrain autonomy and weaken radical expressions in social science pedagogy and research. Asserting that the humanistic core of social sciences has the potential to resist acts of reducing knowledge to a monochromatic form, the book argues that the social science stream can challenge and resist such hegemonic ambitions. It also identifies and analyses the contradictions, dilemmas, predicaments and false steps of social scientists, and avoids a reductive approach based on the ‘west versus non-west’ binary. The volume will be of interest to scholars and researchers of the social sciences in general, and of sociology/politics of knowledge, political theory, political sociology and education in particular.


Cogs and Monsters

What Economics Is, and What It Should Be Diane Coyle ... in their post-Nobel book Good Economics for Hard Times (2019) (writing about immigration policy, ...

Author: Diane Coyle

Publisher: Princeton University Press

ISBN: 0691231036

Category: Business & Economics

Page: 264

View: 144

How economics needs to change to keep pace with the twenty-first century and the digital economy Digital technology, big data, big tech, machine learning, and AI are revolutionizing both the tools of economics and the phenomena it seeks to measure, understand, and shape. In Cogs and Monsters, Diane Coyle explores the enormous problems—but also opportunities—facing economics today if it is to respond effectively to these dizzying changes and help policymakers solve the world’s crises, from pandemic recovery and inequality to slow growth and the climate emergency. Mainstream economics, Coyle says, still assumes people are “cogs”—self-interested, calculating, independent agents interacting in defined contexts. But the digital economy is much more characterized by “monsters”—untethered, snowballing, and socially influenced unknowns. What is worse, by treating people as cogs, economics is creating its own monsters, leaving itself without the tools to understand the new problems it faces. In response, Coyle asks whether economic individualism is still valid in the digital economy, whether we need to measure growth and progress in new ways, and whether economics can ever be objective, since it influences what it analyzes. Just as important, the discipline needs to correct its striking lack of diversity and inclusion if it is to be able to offer new solutions to new problems. Filled with original insights, Cogs and Monsters offers a road map for how economics can adapt to the rewiring of society, including by digital technologies, and realize its potential to play a hugely positive role in the twenty-first century.

Reform and the Structure of the Indian Economy

Economic and Political Weekly 42(44). Banerjee, A. V. and E. Duflo (2019). Good Economics for Hard Times. New Delhi: Juggernaut Books.

Author: Madhusudan Datta

Publisher: Cambridge University Press

ISBN: 1108496377

Category: Business & Economics

Page: 220

View: 565

Studies pitfalls in value added accounting of sectoral growth in real terms in the context of liberalisation of the Indian economy.

The Great British Reboot

Banerjee, A.V. and Duflo, E., Good Economics for Hard Times: Better Answers to Our Biggest Problems, London: Allen Lane, 2019. Brummer, A., Britain for ...

Author: Alex Brummer

Publisher: Yale University Press

ISBN: 030025251X

Category: Business & Economics

Page: 256

View: 724

An optimistic exploration of how, through radical economic reform, the United Kingdom can prosper and flourish in the new global economy Taking a refreshingly realistic approach, Alex Brummer outlines how our current moment can be reshaped into an unprecedented opportunity for economic prosperity. With a new long-term approach, Britain can capitalize on the ever-changing global market, its brilliant research universities, and new technological developments. Drawing on firsthand interviews with the leading minds in business and his own expertise as a seasoned economic journalist, Brummer creates an inspiring investigation into how careful planning and innovative reform can lead to a flourishing economy after Brexit.

Productivity

Good Economics for Hard Times (PublicAffairs, New York). Bartelsman, E.J., and Ph.J. Dhrymes. 1998. Productivity Dynamics: US Manufacturing Plants, ...

Author: Bert M. Balk

Publisher: Springer Nature

ISBN: 3030754480

Category: Business & Economics

Page: 328

View: 347

This book develops the theory of productivity measurement using the empirical index number approach. The theory uses multiplicative indices and additive indicators as measurement tools, instead of relying on the usual neo-classical assumptions, such as the existence of a production function characterized by constant returns to scale, optimizing behavior of the economic agents, and perfect foresight. The theory can be applied to all the common levels of aggregation (micro, meso, and macro), and half of the book is devoted to accounting for the links existing between the various levels. Basic insights from National Accounts are thereby used. The final chapter is devoted to the decomposition of productivity change into the contributions of efficiency change, technological change, scale effects, and input or output mix effects. Applications on real-life data demonstrate the empirical feasibility of the theory. The book is directed to a variety of overlapping audiences: statisticians involved in measuring productivity change; economists interested in growth accounting; researchers relating macro-economic productivity change to its industrial sources; enterprise micro-data researchers; and business analysts interested in performance measurement.

The Power of Creative Destruction

Economic Upheaval and the Wealth of Nations Philippe Aghion, ... Paul, 348n14 Good Economics for Hard Times (Banerjee and Duflo), 104 good jobs, 103 Google, ...

Author: Philippe Aghion

Publisher: Belknap Press

ISBN: 0674971167

Category: Business & Economics

Page: 400

View: 762

The solution to inequality, environmental degradation, and other deficits of capitalism is better capitalism. The Power of Creative Destruction draws on cutting-edge research to argue that what we need today is not revolution but reform: pro-competitive policies that enable innovation while compensating for the disruption it causes.

Wealth Creation Approach to Reducing Global Poverty

Good economics for hard times. New York: Public Affairs. Banerjee, A. V., & He, R. (2008). Making aid work. In W. Easterly (Ed.), Reinventing foreign aid ...

Author: Scott Hipsher

Publisher: Springer Nature

ISBN: 9811541167

Category: Business & Economics

Page: 281

View: 263

This book takes a unique approach to the topic of poverty reduction, primarily employing an international business framework as opposed to the usual economic or political lens. Some of the key ideas explored in the book include: poverty is primarily the lack of choices, not the lack of material possessions; attacking inequality of opportunity might be a more effective means to reduce poverty than attaching inequality of wealth; political systems matter, but individuals and for-profit firms also have a vital and indispensable role in helping to create the wealth needed to reduce poverty; and an effective corporate social responsibility strategy to help reduce poverty may include finding innovative and creative ways to operate profitably in areas of the world where poverty is currently robbing too many people of the opportunity to live their version of the good life. Building on such ideas, the book advocates for private companies to expand operations into the least developed regions of the world as part of their corporate social responsibility programs and to reframe the debates away from ones focused on exploitation and economic nationalism to one of creating opportunities across political borders.

Finance Development March 2020

... negative interest rates Vikram Haksar and Emanuel Kopp 61 Book Reviews Good Economics for Hard Times, Abhijit V. Banerjee and Esther Duflo Capitalism, ...

Author: International Monetary Fund. Communications Department

Publisher: International Monetary Fund

ISBN: 1513528831

Category: Social Science

Page: 68

View: 730

This issue of Finance & Development discusses link between demographics and economic well-being. In the coming decades, demographics is expected to be more favorable to economic well-being in the less developed regions than in the more developed regions. The age structure of a population reflects mainly its fertility and mortality history. In high-mortality populations, improved survival tends to occur disproportionately among children. The “demographic dividend” refers to the process through which a changing age structure can spur economic growth. It depends, of course, on several complex factors, including the nature and pace of demographic change, the operation of labor and capital markets, macroeconomic management and trade policies, governance, and human capital accumulation. Population aging is the dominant demographic trend of the twenty-first century—a reflection of increasing longevity, declining fertility, and the progression of large cohorts to older ages. Barring a change in current trends, the industrial world’s working-age population will decline over the next generation, and China’s working-age population will decline as well. At the same time, trends toward increased labor force participation of women have played out with, for example, more women than men now working in the United States.

Workaway

Banerjee , A.V. and Duflo , E. ( 2019 ) Good Economics for Hard Times , New York: Public Affairs. Barkbu , B. , Berkmen , S.P. , Lukyantsau , P. , Saksonovs ...

Author: Jonathon W. Moses

Publisher: Policy Press

ISBN: 1529211018

Category: Political Science

Page: 314

View: 881

This agenda-setting book argues that the process of market integration in Europe has undermined the power and influence of European workers and generated significant human costs. In starting from the position of labour, this book offers an alternative approach which balances the needs of justice and efficiency.