Abhijit V. Banerjee – författare

FULLY UPDATED EDITION WITH TWO NEW CHAPTERS From the winners of the 2019 Nobel Prize in EconomicsWhy would a man in Morocco who doesn't have enough to eat buy a television?Why do the poorest people in India spend 7 percent of their food budget on sugar?Does having lots of children actually make you poorer?This eye-opening book overturns the myths about what it is like to live on very little, revealing the unexpected decisions that millions of people make every day. Looking at some of the most paradoxical aspects of life below the poverty line - why the poor need to borrow in order to save, why incentives that seem effective to us may not be for them, and why, despite being more risk-taking than high financiers, they start businesses but rarely grow them - Banerjee and Duflo offer a new understanding of the surprising way the world really works.Winner of the FT Goldman Sachs Business Book of the Year Award 2011 'Refreshingly original, wonderfully insightful . . . an entirely new perspective' Guardian

FROM THE WINNERS OF THE 2019 NOBEL PRIZE IN ECONOMICS'Wonderfully refreshing . . . A must read' Thomas Piketty In this revolutionary book, prize-winning economists Abhijit V. Banerjee and Esther Duflo show how economics, when done right, can help us solve the thorniest social and political problems of our day. From immigration to inequality, slowing growth to accelerating climate change, we have the resources to address the challenges we face but we are so often blinded by ideology.Original, provocative and urgent, Good Economics for Hard Times offers the new thinking that we need. It builds on cutting-edge research in economics - and years of exploring the most effective solutions to alleviate extreme poverty - to make a persuasive case for an intelligent interventionism and a society built on compassion and respect. A much-needed antidote to polarized discourse, this book shines a light to help us appreciate and understand our precariously balanced world.

The lives of the world’s poorest are already harder, hotter, and shorter, thanks to the actions and emissions of the world’s richest. But just as the rich world’s emissions are finally falling, emissions from poorer countries are set to increase drastically.We seem to be caught in an impossible bind—but it’s not too late to find a way out. In Just Economics, renowned economists Abhijit Banerjee, Esther Duflo (co-recipients of the 2019 Nobel Prize), and Michael Greenstone propose a radical new approach to combatting the climate crisis, arguing that climate deterioration is inseparable from our polycrisis of mass migration, political instability and the resurgence of populist nationalism. We cannot make progress, they show, without compensating those harmed by climate change and incentivizing developing countries to reduce their emissions, to our benefit too. Morality and self-interest are no longer mutually exclusive.Based on meticulous original research and years of fieldwork around the world witnessing and quantifying the real impact of climate change on those most affected, this inspiring work shows it’s not impossible to protect the poor while protecting our future—it's just economics.

FROM THE WINNERS OF THE 2019 NOBEL PRIZE IN ECONOMICS'Refreshingly original, wonderfully insightful . . . an entirely new perspective' GuardianWhy would a man in Morocco who doesn't have enough to eat buy a television?Why do the poorest people in India spend 7 percent of their food budget on sugar?Does having lots of children actually make you poorer?This eye-opening book overturns the myths about what it is like to live on very little, revealing the unexpected decisions that millions of people make every day. Looking at some of the most paradoxical aspects of life below the poverty line - why the poor need to borrow in order to save, why incentives that seem effective to us may not be for them, and why, despite being more risk-taking than high financiers, they start businesses but rarely grow them - Banerjee and Duflo offer a new understanding of the surprising way the world really works.Winner of the FT Goldman Sachs Business Book of the Year Award 2011