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.

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.

‘Phenomenal...the best book ever written on climate change…for a world searching for solutions, search no more’ Cass R. SunsteinA bold new idea from the Nobel Prize-winning economists: how radical cooperation between rich and poor countries can build a future in which we can all thriveWhy does a fisherman in Dakar work even longer hours when temperatures rise?What makes extreme heat in Seattle fifteen times more deadly than in Houston?Why can’t indigenous communities in Brazil get the help they desperately need?The lives of the world’s poorest are already harder, hotter and shorter, with much of it due to the actions of the world’s wealthiest. But just as the rich world’s emissions are finally falling, those 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.Just Economics proposes a radical new approach, arguing that progress is possible if the wealthiest countries compensate the poorest for the continuing harm and, in exchange, poorer countries reduce their emissions. Drawing on meticulous original research and years of fieldwork around the world, witnessing the impact of climate change on those most affected, Banerjee, Duflo and Greenstone quantify the damage inflicted on the poor and calculate how we could fund such an ambitious plan. They show how their grand bargain adds up and why it will work. That we can protect the poor while protecting our future. It’s just economics.

In many parts of the world, 100-degree days are already common. In the Indian subcontinent, temperatures can become so high that concrete in the cities buckles. In Morocco, hotter and longer droughts threaten crops and livestock, possibly wiping out the livelihood of millions. The lives of the world’s poorest are already harder, hotter, and shorter thanks to emissions that disproportionately come from the world’s richest. But just as the rich world’s emissions are finally falling, poorer countries’ are set to increase drastically. We seem to be caught in an impossible bind—but it’s not too late.Renowned economists Abhijit V. Banerjee and Esther Duflo (co-recipients of the 2019 Nobel Prize), and Michael Greenstone propose a radical new approach to combating climate change and the devastation that is already causing the most serious global crisis of our time. Substantial progress is possible if the wealthiest countries compensate the poorer countries for the harms that their emissions cause and, in exchange, poorer countries commit to climate action. Based on meticulous original research, years of fieldwork around the world, and deep engagement with world leaders and climate negotiators, Banerjee, Duflo, and Greenstone dive deeply into the specifics to show how this grand bargain would work to curtail emissions and address the suffering of the world’s neediest.This paradigm-shifting and inspiring book reassures us that we can successfully confront the challenge. We can protect the poor while protecting our future. It’s just economics.