Key insights from
Good Economics for Hard Times
By Abhijit Banerjee, Esther Duflo
Audio available
13 minute read
Published Nov 12, 2019
What you'll learn
Banerjee and Duflo aren’t your average economists. These MIT professors spend time with the poor about whom they write, in Europe, Africa, Asia, and the Americas. In a time of political polarization across the world, they want to talk about economics in ways that don’t often get voiced in the mainstream.
Key insights
- • What you'll learn
- 1 America will not be great again (nor will any country) unless we make economics great again.
- 2 Media frenzies obscure the fact that global migration rates are the same now as they were 60 years ago.
- 3 It’s the jaws of the shark that usually make people leave their homeland—not financial ambition.
- 4 Universal Basic Income is a more promising option for developing countries than developed ones.