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: 391

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 Abijit 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: 187

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 for Hard Times

... estimated tax system, 265–266 TAA (Trade Adjustment Assistance program), 84, 94–95, 314 Taiwan, heavy investment in human capital in, 207 Tardieu, Bruno, 317 tariffs on Chinese goods, 93 in India, 62 Smoot-Hawley Tariff Act of 1930, ...

Author: Abhijit V. Banerjee

Publisher: Penguin UK

ISBN: 0141986204

Category: Business & Economics

Page: 416

View: 794

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 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: 118

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 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: 742

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

Economics of Agricultural Development

5 Bryan Caplan and Zach Weinersmith, Open Borders: The Science and Ethics of Migration (New York: First Second Press, 2019); Abhijit Banerjee and Ether Duflo, Good Economics for Hard Times (New York: Public Affairs, 2019), Chapter 2.

Author: George W. Norton

Publisher: Routledge

ISBN: 100041762X

Category: Business & Economics

Page: 474

View: 332

Economics of Agricultural Development examines the causes, severity, and effects of poverty, population growth, and malnutrition in developing countries. It discusses potential solutions to these problems, progress made in many countries in recent years, and the implications of globalization for agriculture, poverty, and the environment. Topics covered in the book include: Means for utilizing agricultural surpluses to further overall economic development The sustainability of the natural resource environment Gender issues in relation to agriculture and resource use The contribution of improved technologies to agricultural development The importance of agricultural policies and institutions to development and trade Actions to encourage more rapid agricultural and economic development This new edition reflects the following developments: Growth in environmental challenges due to climate change Continued progress in agricultural and economic development in many low-income countries while other countries and regions are being left behind Continued growth in demand for higher-valued farm products This book is essential reading for undergraduate students seeking to understand the economics of agricultural development and the world food system, including environmental and human consequences, international trade, and capital flows. It contains a wealth of real-world case studies and is accompanied by a website.

Money Basics for Tough Times

There's so much great stuff to be read, it's a crime not to be lapping it up. ... The Great Influenza: The Story of the Deadliest Pandemic in History by John M 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: 673

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.

Critical Issues in Human Rights and Development

An interesting partial exception is the economist Thomas Piketty, who opens his Capital in the Twenty-First Century with ... of economists' concern over human rights issues without naming them as such is Good Economics for Hard Times by ...

Author: Marks, Stephen P.

Publisher: Edward Elgar Publishing

ISBN: 1781005974

Category: Social Science

Page: 456

View: 634

This collection addresses human rights and development for researchers, policymakers and activists at a time of major challenges. ÔCritical issuesÕ in the title signifies both the urgency of the issues and the need for critical rethinking. After exploring the overarching issues of development and economic theory, gender, climate change and disability, the book focuses on issues of technology and trade, education and information, water and sanitation, and work, health, housing and food.

The Economics of Globally Shared and Public Goods

Banerjee, A.V., Duflo, E., 2019. Good Economics for Hard Times: Better Answers to Our Biggest Problems. PublicAffairs Books, New York. Barrett, S., 1994. Self-enforcing international environmental agreements. Oxf. Economic Pap.

Author: S. Niggol Seo

Publisher: Academic Press

ISBN: 0128198761

Category: Business & Economics

Page: 334

View: 175

The Economics of Globally Shared and Public Goods responds to an urgent need to consolidate and refine the economic theories and explanations pertinent to globally shared resources. Making a clear distinction between theories and empirical models, it elucidates the problem of global public goods while incorporating insights from behavioral economics. Its comprehensive and technical review of existing theoretical models and their empirical results illuminate those models in practical applications. Relevant for economists and others working on challenges of globally shared goods such as climate change and global catastrophes, The Economics of Globally Shared and Public Goods provides a path toward greater co-operation and shared successes. Offers an encompassing description of the economics of global public goods Provides an ensemble of empirical analyses of behavioral complexities Defines a set of optimality conditions for a solution applicable to many problems

Finance Development June 2020

PEOPLEPEOPLE ININ ECONOMICSECONOMICS results “within some structure, the structure that, somewhat paradoxically, ... Good Economics for Hard Times compiles vast amounts of research to dismiss common assumptions on topics like migration, ...

Author: International Monetary Fund

Publisher: International Monetary Fund

ISBN: 1513543660

Category: Business & Economics

Page: 60

View: 778

Finance & Development, June 2020

A Billion Fireflies

Economists. Serve. Really? Mainstream economic theories do not fit reality. Two new books, 'Measuring What Counts' and 'Good Economics for Hard Times', provide a counterview: Instead of treating people as data, listen to them, ...

Author: Arun Maira

Publisher: Notion Press

ISBN: 1638505829

Category: Business & Economics

Page: 248

View: 757

The Covid-19 pandemic has revealed the fragility of economic systems, and the precariousness of the incomes and lives of people all over the world. We must “build back better” and create a more resilient economy, which is more inclusive, and more just, than our economies are. What should be the contours of the “new normal”, and how will we change the old normal to the new, are questions we must collectively address now, and urgently. Otherwise, the old will recreate itself, driven by the embedded ideas about good economics on which it was founded. “Never waste a crisis”, leaders and policymakers say. A Billion Fireflies is a reminder of the ideas for a new paradigm—of what it should be and how it can be brought about—that far-sighted people had proposed before the pandemic. The time has come to convert those ideals into reality.

A Look at China and Sino Belarus Cooperation

University of International Business and Economics. 171 Thiel P. Zero to One: Notes on Startups, ... How Xiong'an differs from “Great Stone”. (In Russian) // SB. ... 176 Banerjee A.V. Good Economics for Hard Times. — Public Affairs, NY.

Author: Kiryl Rudy

Publisher: Cambridge Scholars Publishing

ISBN: 1527564347

Category: Business & Economics

Page: 242

View: 896

This book is simultaneously a scientific study, a practical guide and diplomatic memoir about the new era in China’s development, which began in 2013 with Xi Jinping coming to power. It explores the modern Chinese experience of the political centralization of power, the fight against corruption, strengthening the country’s defense system, reinforcing the country’s diplomacy, the political rapprochement between China and Russia, and exacerbation of relations with the United States. It also considers issues of China’s adjusting its policy of reforms and its openness to a new era, transforming inefficient state-owned enterprises, building an IT-focused country, and overcoming phobias in the construction of the “Belt and Road” initiative related to the “debt trap” and the “trade deficit”, as well as the role of the Huawei Corporation. A separate section of the book is devoted to Belarus-China relations, exploring the reasons for the political rapprochement between these two very different countries.

Guyana s Great Economic Downswing 1977 1990

Socio-Economic Impact of Co-Operative Socialism Ramesh Gampat ... “How Important Are Capital And Total Factor productivity For Economic Growth?” In Economic Inquiry, 44(1): 23-49 ... Good Economics for Hard Times.

Author: Ramesh Gampat

Publisher: Xlibris Corporation

ISBN: 1664132848

Category: Political Science

Page: 660

View: 593

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

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: 749

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.

Economic Instability and Stabilization Policy

... The Quaterly Journal of Economics, 84, (1970), 488–500 Baldwin, R.: The Great Convergence, Information Technology and the New Globalization, London (2016) Banerjee, A.V. and Duflo, E.: Good Economics for Hard Times, New York (2019) ...

Author: Ralf Pauly

Publisher: Springer Nature

ISBN: 3658336269

Category:

Page:

View: 921


The Social Sciences in a Global Age

... economics, has been decisively and irreverently explained by Abhijit V. Banerjee and Esther Duflo, co-recipients of the Nobel Prize in Economics in 2019, in their co-authored book Good Economics for Hard Times: Better Answers to Our ...

Author: Dipankar Sinha

Publisher: Taylor & Francis

ISBN: 1000224295

Category: Social Science

Page: 174

View: 633

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.

Social Economic and Environmental Justice

We have seen great change in the past. We have seen struggles for freedom and justice succeed. We have also seen periods of great inequality where our core values and principles shrank away. ... Good economics for hard times .

Author: Kalea Benner, PhD, MSW, LCSW

Publisher: Springer Publishing Company

ISBN: 0826135390

Category: Social Science

Page: 400

View: 454

This innovative text is the first to introduce practical techniques social workers can use to incorporate social, economic, and environmental justice into their practice. The book emphasizes the role of justice in social work practice across the micro-macro spectrum. By assessing common human needs in relation to human rights, justice, and practice aimed at promoting fairness, students will learn how to incorporate theories and practical perspectives in social work practice with individuals, families, communities, and organizations. With its unique approach, this text focuses on structural oppression and inequities connected to clients' engagement in systems and structures. The impact of disparities on accessing and utilizing resources, and subsequently achieving successful outcomes, is examined through the justice lens. Beginning with an overview of key concepts and theoretical underpinnings that provide foundational knowledge, the text then examines each of the three justice foci --social, economic, and environmental--in detail through specific systems. These systems include criminal justice, education, food security, natural disasters and climate change, health, mental health, housing, and income disparities Throughout the book, readers are asked to reflect on their own perceptions to enhance understanding of the influence of justice on practice. Case studies, diagrams, boxed information, student learning outcomes, chapter summaries, and review questions enhance understanding and application of content. Purchase includes digital access for use on most mobile devices or computers. Key Features: Emphasizes the role of social, economic, and environmental justice in social work practice Examines the science and theory behind justice as it relates to social work Teaches practical methods for implementing justice-oriented social work practice Authored by prominent instructors actively engaged in co-curricular justice-related content Offers student learning outcomes and summaries in each chapter Presents abundant diagrams and boxes to enhance application of content Provides multiple experiential learning opportunities including case examples and reflective and knowledge-based review questions Offers practical examples of justice-informed social work Includes Instructor's Manual with sample syllabus, PowerPoints, exam questions, and media resources

Parks and Recreation and Economics

The episode is set against the backdrop of the pandemic and centers on Leslie trying to maintain connections with her ... Their books, Poor Economics and Good Economics for Hard Times, summarize a lot of the major literature on poverty.

Author: Jadrian Wooten

Publisher: Routledge

ISBN: 1000401626

Category: Business & Economics

Page: 120

View: 591

This book provides an in-depth look at the primary foundations of economics explored through the lens of the Pawnee Department of Parks and Recreation. Each episode of the hit television series, Parks and Recreation, includes material to help an eager learner understand the basics of one of the most fascinating fields of study. Whether you’ve wondered how economists determine specialization or why fast-food restaurants continue to pop up around your neighborhood, the same situations have occurred in Pawnee. Each chapter highlights key scenes or major episodes that demonstrate how the characters experience economics in exactly the same way the rest of us do. This text primarily builds on the debates that take place between Leslie, Ron, and their co-workers, while also exploring key questions such as whether governments should try to help people through direct intervention or sell off all the swings to private corporations and let businesses handle day-to-day decisions. Learn how incentives can make Jerry appear to be a more productive employee short-term, but end up causing chaos. Do you wonder what it would be like to live in the early 1800s? Thankfully Leslie has already done that for us. This book is a must-read for anyone looking for a fun way to learn the principles of economics, including as a supplementary text, and for all fans of Parks and Recreation. Take the advice of Tom and Donna and treat yo’ self to this key read.