Good Economics For Hard Times

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Good Economics for Hard Times

Author : Abhijit V. Banerjee
Publisher : PublicAffairs
ISBN 13 : 1541762878
Total Pages : 398 pages
Book Rating : 4.5/5 (417 download)

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Book Synopsis Good Economics for Hard Times by : Abhijit V. Banerjee

Download or read book Good Economics for Hard Times written by Abhijit V. Banerjee and published by PublicAffairs. This book was released on 2019-11-12 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Poor Economics

Author : Abhijit V. Banerjee
Publisher : PublicAffairs
ISBN 13 : 1610391608
Total Pages : 321 pages
Book Rating : 4.6/5 (13 download)

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Book Synopsis Poor Economics by : Abhijit V. Banerjee

Download or read book Poor Economics written by Abhijit V. Banerjee and published by PublicAffairs. This book was released on 2012-03-27 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor.

How Change Happens

Author : Cass R. Sunstein
Publisher : MIT Press
ISBN 13 : 0262351919
Total Pages : 344 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis How Change Happens by : Cass R. Sunstein

Download or read book How Change Happens written by Cass R. Sunstein and published by MIT Press. This book was released on 2019-04-09 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: An “illuminating” book that “puts norms at the center of how we thinking about change”, revealing the different ways social change occurs—for readers of Freakonomics and Thinking, Fast and Slow (The New York Times) How does social change happen? When do social movements take off? Sexual harassment was once something that women had to endure; now a movement has risen up against it. White nationalist sentiments, on the other hand, were largely kept out of mainstream discourse; now there is no shortage of media outlets for them. In this book, with the help of behavioral economics, psychology, and other fields, Cass Sunstein casts a bright new light on how change happens. Sunstein focuses on the crucial role of social norms—and on their frequent collapse. When norms lead people to silence themselves, even an unpopular status quo can persist. Then one day, someone challenges the norm—a child who exclaims that the emperor has no clothes; a woman who says “me too.” Sometimes suppressed outrage is unleashed, and long-standing practices fall. Sometimes change is more gradual, as “nudges” help produce new and different decisions—apps that count calories; texted reminders of deadlines; automatic enrollment in green energy or pension plans. Sunstein explores what kinds of nudges are effective and shows why nudges sometimes give way to bans and mandates. Finally, he considers social divisions, social cascades, and “partyism,” when identification with a political party creates a strong bias against all members of an opposing party—which can both fuel and block social change.

Growth

Author : Vaclav Smil
Publisher : MIT Press
ISBN 13 : 0262042835
Total Pages : 665 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Growth by : Vaclav Smil

Download or read book Growth written by Vaclav Smil and published by MIT Press. This book was released on 2019-09-24 with total page 665 pages. Available in PDF, EPUB and Kindle. Book excerpt: A systematic investigation of growth in nature and society, from tiny organisms to the trajectories of empires and civilizations. Growth has been both an unspoken and an explicit aim of our individual and collective striving. It governs the lives of microorganisms and galaxies; it shapes the capabilities of our extraordinarily large brains and the fortunes of our economies. Growth is manifested in annual increments of continental crust, a rising gross domestic product, a child's growth chart, the spread of cancerous cells. In this magisterial book, Vaclav Smil offers systematic investigation of growth in nature and society, from tiny organisms to the trajectories of empires and civilizations. Smil takes readers from bacterial invasions through animal metabolisms to megacities and the global economy. He begins with organisms whose mature sizes range from microscopic to enormous, looking at disease-causing microbes, the cultivation of staple crops, and human growth from infancy to adulthood. He examines the growth of energy conversions and man-made objects that enable economic activities—developments that have been essential to civilization. Finally, he looks at growth in complex systems, beginning with the growth of human populations and proceeding to the growth of cities. He considers the challenges of tracing the growth of empires and civilizations, explaining that we can chart the growth of organisms across individual and evolutionary time, but that the progress of societies and economies, not so linear, encompasses both decline and renewal. The trajectory of modern civilization, driven by competing imperatives of material growth and biospheric limits, Smil tells us, remains uncertain.

Taking Economics Seriously

Author : Dean Baker
Publisher : MIT Press
ISBN 13 : 0262291533
Total Pages : 48 pages
Book Rating : 4.2/5 (622 download)

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Book Synopsis Taking Economics Seriously by : Dean Baker

Download or read book Taking Economics Seriously written by Dean Baker and published by MIT Press. This book was released on 2010-04-02 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading economist's exploration of what our economic arrangements might look like if we applied basic principles without ideological blinders. There is nothing wrong with economics, Dean Baker contends, but economists routinely ignore their own principles when it comes to economic policy. What would policy look like if we took basic principles of mainstream economics seriously and applied them consistently? In the debate over regulation, for example, Baker—one of the few economists who predicted the meltdown of fall 2008—points out that ideological blinders have obscured the fact there is no “free market” to protect. Modern markets are highly regulated, although intrusive regulations such as copyright and patents are rarely viewed as regulatory devices. If we admit the extent to which the economy is and will be regulated, we have many more options in designing policy and deciding who benefits from it. On health care reform, Baker complains that economists ignore another basic idea: marginal cost pricing. Unlike all other industries, medical services are priced extraordinarily high, far above the cost of production, yet that discrepancy is rarely addressed in the debate about health care reform. What if we applied marginal cost pricing—making doctors' wages competitive and charging less for prescription drugs and tests such as MRIs? Taking Economics Seriously offers an alternative Econ 101. It introduces economic principles and thinks through what we might gain if we free ourselves from ideological blinders and get back to basics in the most troubled parts of our economy.

Good Poems for Hard Times

Author :
Publisher : Penguin
ISBN 13 : 1440684499
Total Pages : 369 pages
Book Rating : 4.4/5 (46 download)

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Book Synopsis Good Poems for Hard Times by :

Download or read book Good Poems for Hard Times written by and published by Penguin. This book was released on 2006-08-29 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The book is full of strong, memorable poems that stick with readers like a friend during a long, hard night. " - The Christian Science Monitor Here, readers will find solace in works that are bracing and courageous, organized into such resonant headings as "Such As It Is More or Less" and "Let It Spill." From William Shakespeare and Walt Whitman to R. S. Gwynn and Mary Oliver, the voices gathered in this collection will be more than welcome to those who've been struck by bad news, who are burdened by stress, or who simply appreciate the power of good poetry.

Economics of Good and Evil

Author : Tomas Sedlacek
Publisher : Oxford University Press
ISBN 13 : 9780199831906
Total Pages : 376 pages
Book Rating : 4.8/5 (319 download)

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Book Synopsis Economics of Good and Evil by : Tomas Sedlacek

Download or read book Economics of Good and Evil written by Tomas Sedlacek and published by Oxford University Press. This book was released on 2011-07-01 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tomas Sedlacek has shaken the study of economics as few ever have. Named one of the "Young Guns" and one of the "five hot minds in economics" by the Yale Economic Review, he serves on the National Economic Council in Prague, where his provocative writing has achieved bestseller status. How has he done it? By arguing a simple, almost heretical proposition: economics is ultimately about good and evil. In The Economics of Good and Evil, Sedlacek radically rethinks his field, challenging our assumptions about the world. Economics is touted as a science, a value-free mathematical inquiry, he writes, but it's actually a cultural phenomenon, a product of our civilization. It began within philosophy--Adam Smith himself not only wrote The Wealth of Nations, but also The Theory of Moral Sentiments--and economics, as Sedlacek shows, is woven out of history, myth, religion, and ethics. "Even the most sophisticated mathematical model," Sedlacek writes, "is, de facto, a story, a parable, our effort to (rationally) grasp the world around us." Economics not only describes the world, but establishes normative standards, identifying ideal conditions. Science, he claims, is a system of beliefs to which we are committed. To grasp the beliefs underlying economics, he breaks out of the field's confines with a tour de force exploration of economic thinking, broadly defined, over the millennia. He ranges from the epic of Gilgamesh and the Old Testament to the emergence of Christianity, from Descartes and Adam Smith to the consumerism in Fight Club. Throughout, he asks searching meta-economic questions: What is the meaning and the point of economics? Can we do ethically all that we can do technically? Does it pay to be good? Placing the wisdom of philosophers and poets over strict mathematical models of human behavior, Sedlacek's groundbreaking work promises to change the way we calculate economic value.

Hard Times

Author : Charles Dickens
Publisher :
ISBN 13 :
Total Pages : 392 pages
Book Rating : 4.B/5 (1 download)

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Book Synopsis Hard Times by : Charles Dickens

Download or read book Hard Times written by Charles Dickens and published by . This book was released on 1854 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economics for the Common Good

Author : Jean Tirole
Publisher : Princeton University Press
ISBN 13 : 0691192251
Total Pages : 582 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Economics for the Common Good by : Jean Tirole

Download or read book Economics for the Common Good written by Jean Tirole and published by Princeton University Press. This book was released on 2019-05-14 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt: "When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a 'dismal science,' is a positive force for the common good. Economists are rewarded for writing technical papers in scholarly journals, not joining in public debates. But Tirole says we urgently need economists to engage with the many challenges facing society, helping to identify our key objectives and the tools needed to meet them. To show how economics can help us realize the common good, Tirole shares his insights on a broad array of questions affecting our everyday lives and the future of our society, including global warming, unemployment, the post-2008 global financial order, the euro crisis, the digital revolution, innovation, and the proper balance between the free market and regulation. Providing a rich account of how economics can benefit everyone, Economics for the Common Good sets a new agenda for the role of economics in society"--Provided by publisher.

Eat the Rich

Author : P. J. O'Rourke
Publisher : Open Road + Grove/Atlantic
ISBN 13 : 1555847102
Total Pages : 348 pages
Book Rating : 4.5/5 (558 download)

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Book Synopsis Eat the Rich by : P. J. O'Rourke

Download or read book Eat the Rich written by P. J. O'Rourke and published by Open Road + Grove/Atlantic. This book was released on 2007-12-01 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times bestseller: “The funniest writer in America” takes on the global economy (The Wall Street Journal). In this book, renowned political humorist P. J. O’Rourke, author of Parliament of Whores and How the Hell Did This Happen? leads us on a hysterical whirlwind world tour from the “good capitalism” of Wall Street to the “bad socialism” of Cuba in search of the answer to an age-old question: “Why do some places prosper and thrive, while others just suck?” With stops in Albania, Sweden, Hong Kong, Moscow, and Tanzania, O’Rourke takes a look at the complexities of economics with a big dose of the incomparable wit that has made him one of today’s most refreshing commentators. “O’Rourke has done the unthinkable: he’s made money funny.” —Forbes FYI “[O’Rourke is] witty, smart and—though he hides it under a tough coat of cynicism—a fine reporter . . . Delightful.” —The New York Times Book Review

Failing in the Field

Author : Dean Karlan
Publisher : Princeton University Press
ISBN 13 : 0691183139
Total Pages : 174 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Failing in the Field by : Dean Karlan

Download or read book Failing in the Field written by Dean Karlan and published by Princeton University Press. This book was released on 2018-12-18 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: A revealing look at the common causes of failures in randomized control experiments during field reseach—and how to avoid them All across the social sciences, from development economics to political science, researchers are going into the field to collect data and learn about the world. Successful randomized controlled trials have brought about enormous gains, but less is learned when projects fail. In Failing in the Field, Dean Karlan and Jacob Appel examine the taboo subject of failure in field research so that researchers might avoid the same pitfalls in future work. Drawing on the experiences of top social scientists working in developing countries, this book describes five common categories of failures, reviews six case studies in detail, and concludes with reflections on best (and worst) practices for designing and running field projects, with an emphasis on randomized controlled trials. Failing in the Field is an invaluable “how-not-to” guide to conducting fieldwork and running randomized controlled trials in development settings.

Prosperity without Growth

Author : Tim Jackson
Publisher : Taylor & Francis
ISBN 13 : 1317388224
Total Pages : 310 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Prosperity without Growth by : Tim Jackson

Download or read book Prosperity without Growth written by Tim Jackson and published by Taylor & Francis. This book was released on 2016-12-08 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: What can prosperity possibly mean in a world of environmental and social limits? The publication of Prosperity without Growth was a landmark in the sustainability debate. Tim Jackson’s piercing challenge to conventional economics openly questioned the most highly prized goal of politicians and economists alike: the continued pursuit of exponential economic growth. Its findings provoked controversy, inspired debate and led to a new wave of research building on its arguments and conclusions. This substantially revised and re-written edition updates those arguments and considerably expands upon them. Jackson demonstrates that building a ‘post-growth’ economy is a precise, definable and meaningful task. Starting from clear first principles, he sets out the dimensions of that task: the nature of enterprise; the quality of our working lives; the structure of investment; and the role of the money supply. He shows how the economy of tomorrow may be transformed in ways that protect employment, facilitate social investment, reduce inequality and deliver both ecological and financial stability. Seven years after it was first published, Prosperity without Growth is no longer a radical narrative whispered by a marginal fringe, but an essential vision of social progress in a post-crisis world. Fulfilling that vision is simply the most urgent task of our times.

Off the Books

Author : Sudhir Alladi Venkatesh
Publisher : Harvard University Press
ISBN 13 : 9780674044647
Total Pages : 460 pages
Book Rating : 4.0/5 (446 download)

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Book Synopsis Off the Books by : Sudhir Alladi Venkatesh

Download or read book Off the Books written by Sudhir Alladi Venkatesh and published by Harvard University Press. This book was released on 2009-06-30 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this revelatory book, Sudhir Venkatesh takes us into Maquis Park, a poor black neighborhood on Chicago's Southside, to explore the desperate and remarkable ways in which a community survives. The result is a dramatic narrative of individuals at work, and a rich portrait of a community. But while excavating the efforts of men and women to generate a basic livelihood for themselves and their families, Off the Books offers a devastating critique of the entrenched poverty that we so often ignore in America, and reveals how the underground economy is an inevitable response to the ghetto's appalling isolation from the rest of the country.

What the Economy Needs Now

Author : Gita Gopinath
Publisher : Juggernaut Publication
ISBN 13 : 9789353450311
Total Pages : 0 pages
Book Rating : 4.4/5 (53 download)

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Book Synopsis What the Economy Needs Now by : Gita Gopinath

Download or read book What the Economy Needs Now written by Gita Gopinath and published by Juggernaut Publication. This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: India's economy is under threat with rising unemployment, Banks in crisis, falling GDP and farmers' unrest making headlines daily. In this brilliant and urgent book, The country's most important economists, including Abhijit Banerjee, Gita Gopinath and Raghuram Rajan, bring together their proposals on how to get the country back on track. Collectively the book provides solutions to the key problems that India is currently facing - labour reforms, healthcare, education and the environment -while also focusing on the vital economic growth of the nation. Rigorously yet accessibly argued, what the economy needs now is a timely and deeply important book.

Making Aid Work

Author : Abhijit Vinayak Banerjee
Publisher : MIT Press
ISBN 13 : 0262260395
Total Pages : 68 pages
Book Rating : 4.2/5 (622 download)

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Book Synopsis Making Aid Work by : Abhijit Vinayak Banerjee

Download or read book Making Aid Work written by Abhijit Vinayak Banerjee and published by MIT Press. This book was released on 2007-03-23 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: An encouraging account of the potential of foreign aid to reduce poverty and a challenge to all aid organizations to think harder about how they spend their money. With more than a billion people now living on less than a dollar a day, and with eight million dying each year because they are simply too poor to live, most would agree that the problem of global poverty is our greatest moral challenge. The large and pressing practical question is how best to address that challenge. Although millions of dollars flow to poor countries, the results are often disappointing. In Making Aid Work, Abhijit Banerjee—an "aid optimist"—argues that aid has much to contribute, but the lack of analysis about which programs really work causes considerable waste and inefficiency, which in turn fuels unwarranted pessimism about the role of aid in fostering economic development. Banerjee challenges aid donors to do better. Building on the model used to evaluate new drugs before they come on the market, he argues that donors should assess programs with field experiments using randomized trials. In fact, he writes, given the number of such experiments already undertaken, current levels of development assistance could focus entirely on programs with proven records of success in experimental conditions. Responding to his challenge, leaders in the field—including Nicholas Stern, Raymond Offenheiser, Alice Amsden, Ruth Levine, Angus Deaton, and others—question whether randomized trials are the most appropriate way to evaluate success for all programs. They raise broader questions as well, about the importance of aid for economic development and about the kinds of interventions (micro or macro, political or economic) that will lead to real improvements in the lives of poor people around the world. With one in every six people now living in extreme poverty, getting it right is crucial.

Chicagonomics

Author : Lanny Ebenstein
Publisher : St. Martin's Press
ISBN 13 : 1466891122
Total Pages : 336 pages
Book Rating : 4.4/5 (668 download)

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Book Synopsis Chicagonomics by : Lanny Ebenstein

Download or read book Chicagonomics written by Lanny Ebenstein and published by St. Martin's Press. This book was released on 2015-10-06 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chicagonomics explores the history and development of classical liberalism as taught and explored at the University of Chicago. Ebenstein's tenth book in the history of economic and political thought, it deals specifically in the area of classical liberalism, examining the ideas of Friedrich Hayek and Milton Friedman, and is the first comprehensive history of economics at the University of Chicago from the founding of the University in 1892 until the present. The reader will learn why Chicago had such influence, to what extent different schools of thought in economics existed at Chicago, the Chicago tradition, vision, and what Chicago economic perspectives have to say about current economic and social circumstances. Ebenstein enlightens the personal and intellectual relationships among leading figures in economics at the University of Chicago, including Jacob Viner, Frank Knight, Henry Simons, Milton Friedman, George Stigler, Aaron Director, and Friedrich Hayek. He recasts classical liberal thought from Adam Smith to the present.

The Great Stagnation

Author : Tyler Cowen
Publisher : Penguin
ISBN 13 : 1101502258
Total Pages : 71 pages
Book Rating : 4.1/5 (15 download)

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Book Synopsis The Great Stagnation by : Tyler Cowen

Download or read book The Great Stagnation written by Tyler Cowen and published by Penguin. This book was released on 2011-01-25 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America’s economic malaise. America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, media wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters that the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, the low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That's it. That is what has gone wrong and that is why our politics is crazy. In The Great Stagnation, Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect of scientific innovations that benefit not only the powerful elites, but humanity as a whole.