Two prize-winning economists show how economics, when done right, can help us solve the thorniest social and political problems of our day.
Abhijit Banerjee is the Ford Foundation International Professor of
Economics at MIT and the author of Poor Economics. He has
been named as one of Foreign Policy magazine's top 100
global thinkers and has served on the U.N. Secretary-General's
panel on the Post-2015 Development Agenda.
Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at MIT and the author of Poor Economics. Duflo is a member of the American Academy of Arts and Science, and has received numerous academic honors and prizes including the Infosys Prize, the Dan David Prize, a John Bates Clark Medal, and a MacArthur "Genius Grant" Fellowship.
Not all economists wear ties and think like bankers. In their
wonderfully refreshing book, Banerjee and Duflo delve into
impressive areas of new research questioning conventional views
about 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.
A magnificent achievement, and the perfect book for our time. Banerjee and Duflo brilliantly illuminate the largest issues of the day, including immigration, trade, climate change, and inequality.
Banerjee and Duflo are masters of this terrain. They have digested hundreds of lab experiments, field experiments, statistical studies, and common observation to find regularities and irregularities that shape important patterns of economic behavior and need to be taken into account when we think about central issues of policy analysis. They do this with simple logic and plain English. Their book is as stimulating as it gets.
Excellent, important, disarmingly down to earth . . . they seek to shed much-needed light upon the distortions that bad economics bring to public debates while methodically deconstructing their false assumptions. * Observer *
An invigorating ride through 21st-century economics and a treasure trove of facts and findings * The Times *
The real meaning of this book by a Nobel-prizewinning duo of economists lies in its method - a patient attempt to take on tough problems through empirical evidence. ...The pair offer insights into thorny global issues ranging from inequality to corruption, all with refreshing humility. * The Economist *