“One of the important lessons of this wonderfully interesting book is that sophisticated economic reasoning can be very fruitfully used to tackle extremely complex practical problems. Since that powerful lesson comes here accompanied by wit and humor—typical of Basu’s writings—the reader is at once entertained and amused as well as illuminated. It is hard to ask for more.” —Amartya Sen, Nobel Laureate in Economics, 1998
"Thanks to the economic crisis that threw a quarter of the eurozone’s youth into unemployment and poisoned its politics, it seems the euro has few friends left. In this fascinating book, Martin Sandbu salvages the shipwreck of monetary union from the blunders of its political leaders. He argues persuasively that the problem lay not with the euro itself but with the decision to avoid sovereign bankruptcy. Sandbu exposes for Europe’s policymakers the uncomfortable truth that the fault was not in their stars, but in the choices they made."--Dani Rodrik, Harvard University
"[Akerlof and Shiller] want to go far beyond behavioral economics, at least in its current form. They offer a much more general, and quite damning, account of why free markets and competition cause serious problems. . . . They are intellectual renegades. . . . Akerlof and Shiller make a convincing argument that phishing occurs because of the operation of the invisible hand, not in spite of it."--Cass Sunstein, University of Chicago.
"[The authors demonstrate] that the increasing interconnectedness of the world makes the world's economics, infrastructure, health and social conditions behave [as] an interconnected meteorological system. The next big crisis will be of unexpected origin."--Robert J. Shiller, Yale University
Drawing on the history of the field and his deep experience as a practitioner, Rodrik insists that economic activity defies universal laws. But when economists embrace their expertise as a set of tools, not as a grand unified theory, they can improve the world.
Rich with detail of the decision-making process in Washington and indelible portraits of the major players, The Courage to Act recounts and explains the worst financial crisis and economic slump in America since the Great Depression, providing an insider’s account of the policy response.
"This impressive work culminates a research program of central importance—the
investigation of the definition and nature of global recessions and recoveries.
The authors deploy a comprehensive statistical documentation of global business
cycles in an accessible—yet empirically rigorous—fashion, weaving in the most
recent thinking on the linkages between financial crises, recessions and
recoveries. In my view, this volume is sure to become the standard reference on
this important subject." --Menzie Chinn, University of Wisconsin–Madison
Author(s): M Ayhan Kose, Marco Terrones
Publisher: IMF books
“Robert Reich sets the terms for new and more productive debates by rediscovering the political roots of the economic arrangements we too often take for granted. Everyone concerned with our economic future will need to grapple with Reich’s arguments in 2016 and beyond.” —Lawrence H. Summers, Harvard University
“Drawing on his recent pathbreaking research, Zucman offers a short, lively, and non-technical discussion of tax heavens. He presents the most rigorous measurement to date of the wealth hidden in tax heavens and proposes a clear and feasible set of recommendations to fight evasion through tax heavens and restore the ability of our democratic societies to tax their wealthiest residents in this globalized world. His recommendations are already having a significant policy impact.” --Emmanuel Saez, University of California, Berkeley
"Many people who worry about inequality will want to read this wonderful book and will be profoundly influenced by Frankfurt’s clear and forceful arguments. In part, he argues that if we are preoccupied with equality rather than with alleviating poverty we will be estranged from our own lives. That insight alone is worth the price of the book."--Richard Robb, Columbia University
In this sharp and controversial expose, The Entrepreneurial State, Mariana Mazzucato debunks the pervasive myth that the state is a laggard, bureaucratic apparatus at odds with a dynamic private sector. Instead she reveals in case study after case study that, in fact, the opposite is true: the state is our boldest and most valuable innovator.
In a dazzling and revelatory tour of the financial world as it has emerged from the wreckage of the 2008 crisis, Kay does not flinch in his criticism: we do need some of the things that Citigroup and Goldman Sachs do, but we do not need Citigroup and Goldman to do them. And many of the things done by Citigroup and Goldman do not need to be done at all. The finance sector needs to be reminded of its primary purpose: to manage other people’s money for the benefit of businesses and households.