Daily Archives: January 14, 2020

*** Good Economics for Hard Times by Abhijit Banerjee & Esther Duflo

Written before its authors won the Nobel Prize (and occasionally funny to read after they did), Good Economics for Hard Times¬†ambitiously tackles inequality, globalization, social programs, politics, and more. It’s a bit much! But it highlights some important themes, most importantly that markets cannot, by themselves, solve all problems, and that economic ideas should be carefully tested, and not only in the country where the generator of the idea happens to be located. We are, happily, far from the rational homo economicus and WEIRD subjects of most economics discussions.

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