Inspiring and thought-provoking, Extreme Economies is filled with lively stories about human experience at society's limits, and the lessons these economic outliers can provide for our future.
RICHARD DAVIES is an economist based in London. He is a fellow at
the London School of Economics, and has held senior posts in
economic policymaking and journalism. He has been Chair of the
Council of Economic Advisers at HM Treasury, an economist and
speechwriter at the Bank of England, and economics editor of The
Richard has published widely on economics. He was the editor of The Economist's recent guide to economics (Profile, 2015; CITIC 2018) and his articles have featured in The Guardian, The Sunday Times, The Times and 1843 Magazine. He is the author of numerous research papers and is a founding trustee of CORE, a charity which provides open-access resources for economics teachers and students in universities across the world.
A highly original approach to understanding what really makes
economies tick. Both insightful and accessible to non-economists. *
Mervyn King, former Governor of the Bank of England *
Davies visits economies pushed to the limit and examines what their response teaches us about resilience in the face of climate change, demographic shifts and state failure. * Financial Times *
An exploration of the lessons to be drawn from disaster-stricken economies and imperilled (but innovative) people, which ranges from the jungles of Panama to post-tsunami Indonesia to the prison system of Louisiana and Syrian refugee camps. * The Economist - Books of the Year 2019 *
Financial Times Best Books of 2019: Extreme Economies is a reflection on human resilience. The author takes you from a prison to a refugee camp to Kinshasa and Santiago to explain how economies work in extreme circumstances and why markets succeed or fail. Weaving economic theory and individual life stories, this is an important and enjoyable read.
We learn most about ourselves at times of extreme stress and challenge. Using nine compelling country case studies, Richard Davies brilliantly demonstrates that the same is true of our economic systems. In its approach and insights, Extreme Economies is a revelation - and a must-read. * Andy Haldane, Chief Economist at the Bank of England *