Economics & Finance / Economic Theory / Development Economics

Good Economics: Rational Wisdom for Addressing Challenges (3 sources) This book, drawing inspiration

Good Economics for Hard Times

Abhijit Banerjee, Esther Duflo

Nobel Prize in Economics Papers Series： Good Economics: Rational Wisdom for Addressing Challenges (3 sources) This book, drawing inspiration from the works of Abhijit Banerjee and Esther Duflo, aims to re-examine global challenges such as immigration, trade, growth, and inequality through modern economic research. The authors point out that public trust in economists is extremely low, and they are often misled by intuition or political bias. They argue that immigrants do not steal jobs from locals, and that the benefits of trade are distributed very unequally. The book emphasizes the concept of a "sticky economy," where populations and resources do not always flow as theoretically expected, leading many regions into chronic poverty and despair after economic shocks. Faced with the pressures of automation and the threats of climate change, the authors advocate for social policies centered on human dignity, rather than simply focusing on growth figures. By showcasing successful examples of targeted interventions, the book calls for using professional economic insights to bridge social divides and improve human well-being.