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In today’s world, the problems brought about by the wealth gap, the dilemma of globalization, and the slowdown of economic growth can be seen everywhere. Inequality between countries, as well as inequality within these countries, increases by the day. The “black swan” events that have cropped up repeatedly throughout 2020 may very well become the norm in the post-pandemic era. How should we deal with such a future? In this book, two winners of the 2019 Nobel Prize in Economics illustrate the cutting-edge research in the field of economics and propose various innovative and inspiring solutions that can help put our minds at ease.
The authors of this book, Abhijit V. Banerjee and Esther Duflo, are a husband-and-wife team; they are both professors at the Massachusetts Institute of Technology (MIT) School of Economics. Along with their colleague Michael Kremer, they were jointly awarded the 2019 Nobel Prize in Economics “for their experimental approach to alleviating global poverty.” Unlike most economists, they rely on speaking with local residents and personal experience in order to understand the economic problems of developing countries and impoverished regions. This has given them unique and incisive insights into the global economy.
