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Economics for the Common Good

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Economics for the Common Good

When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a “dismal science,” is a positive force for the common good.

About the Author

Jean Tirole, the winner of the 2014 Nobel Prize in Economics, has been described as one of the most influential economists of our time. He is chairman of the Toulouse School of Economics and of the Institute for Advanced Study in Toulouse and a visiting professor at the Massachusetts Institute of Technology. His many books include The Theory of Corporate Finance and Financial Crises, Liquidity, and the International Monetary System (both Princeton).

Product details

  • Full Audio MP3 Program
  • Full PDF E-Book Included
  • Publisher : Princeton University Press; Illustrated edition (November 14, 2017)
  • Language : English
  • Print Length : 576 pages
  • ISBN-10 : 0691175160
  • ISBN-13 : 978-0691175164
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Product Description

Economics for the Common Good

When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a “dismal science,” is a positive force for the common good.

Economists are rewarded for writing technical papers in scholarly journals, not joining in public debates. But Tirole says we urgently need economists to engage with the many challenges facing society, helping to identify our key objectives and the tools needed to meet them.

To show how economics can help us realize the common good, Tirole shares his insights on a broad array of questions affecting our everyday lives and the future of our society, including global warming, unemployment, the post-2008 global financial order, the euro crisis, the digital revolution, innovation, and the proper balance between the free market and regulation.

Providing a rich account of how economics can benefit everyone, Economics for the Common Good sets a new agenda for the role of economics in society.

Review

“Longlisted for the 2017 Financial Times and McKinsey Business Book of the Year Award”

“Tirole, a Nobel Prize-winning French economist, explains in straightforward language what academic economists do, how they think about society and human behavior, and what advice they tend to offer governments about some of the biggest challenges they face.” ― Foreign Affairs

Economics for the Common Good is an ambitious book. As the title suggests, it is a response to the crisis of the economics profession, whose credibility was badly damaged by the financial turmoil of 2008. Though not the first book to address this, more than any earlier attempt it manages to balance a constructive critique of economists with a strong defence of the subject they study.”—Martin Sandbu, Financial Times

About the Author

Jean Tirole, the winner of the 2014 Nobel Prize in Economics, has been described as one of the most influential economists of our time. He is chairman of the Toulouse School of Economics and of the Institute for Advanced Study in Toulouse and a visiting professor at the Massachusetts Institute of Technology. His many books include The Theory of Corporate Finance and Financial Crises, Liquidity, and the International Monetary System (both Princeton).

Product details

  • Full Audio MP3 Program
  • Full PDF E-Book Included
  • Publisher : Princeton University Press; Illustrated edition (November 14, 2017)
  • Language : English
  • Print Length : 576 pages
  • ISBN-10 : 0691175160
  • ISBN-13 : 978-0691175164

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