Economics for the Common Good by Jean Tirole

Economics for the Common Good by Jean Tirole


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.”



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