Good Economics for Hard Times: Better Answers to Our Biggest Problems by Nobel prize winner Abhijit V. Banerjee and Esther Duflo, both professors of economics at MIT

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THE BESTSELLING AUTHORS OF POOR ECONOMICS

A FINANCIAL TIMES AND GOLDMAN SACHS BUSINESS BOOK OF THE YEAR

Abhijit V. Banerjee, winner of the Nobel Prize in economics 2019, is the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology. Esther Dufio, winner of the Nobel Prize in Economic 2019, is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economic at the Massachusetts Institute of Technology In 2003, they founded the Abdul Latif Jameel Poverty Action Lab(J-PALL), which they continue to direct. Their previous book together is poor Economics: Rethinking Poverty and the Way to End It, winner of the 2011 Financial Times and Goldman Sachs Business Book of the Year Award.

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“Wonderfully refreshing… Banerjee and Duflo delve into… issues ranging from trade to top income taxation and mobility, and offer their own powerful vision of how we can grapple with them. A must-read.”

THOMAS PIKETTY

AUTHOR OF CAPITAL IN THE TWENTY-FIRST CENTURY

“Two of the world’s great economists… The writing is witty and irreverent, always informative but never bull. 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

FORMER GOVERNOR OF THE RESERVE BANK OF INDIA

“A magnificent achievement, and the perfect book for ur time… If you read one policy book this year – heck, this decade-read this one.”

CASS R. SUNSTEIN

AUTHOR OF HOW CHANGE HAPPENS AND CO-AUTHOR OF NUDGE

“As stimulating as it gets.”

ROBERT SOLOW

WINNER OF THE NOBEL PRIZE IN ECONOMICS

Is opening up to international trade good for everybody? Do immigrants from poorer countries take away jobs from low-income native workers? Why is inequality exploding everywhere? Does redistribution actually undermine incentives? Should we worry about the rise of artificial intelligence or celebrate it? How do we manage the trade-off between growth and climate change? Is economic growth over in the West? Should we care?

Figuring out how to deal with today’s critical economic problems is the great challenge of our time. Much greater than space travel, perhaps even than curing cancer-what is at stake is the whole idea of the good life and, perhaps, of liberal democracy itself. We have the resources to solve these problems; what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. Only if we can engage seriously in this quest, and if the best minds in the world work with governments and civil society to redesign our social programs for effectiveness and political viability, will history remember our era with gratitude.

In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cuttingedge research in economics, explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for intelligent interventions toward a society built on compassion and respect. It is an extraordinary book, one that will help us appreciate and understand our precariously balanced world.

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