Sunday , December 15 2019
Home / Yanis Varoufakis: Thoughts for the Post-2008 World / My review of Banerjee & Duflo’s (this year’s Nobel winners in economics) latest book – The Observer

My review of Banerjee & Duflo’s (this year’s Nobel winners in economics) latest book – The Observer

Summary:
REVIEW: Good Economics for Hard Times: Better Answers to Our Biggest Problems, by Abhijit Banerjee and Esther Duflo A recent YouGov survey confirmed that economists are the least trusted professionals in the UK today. Brexit is only the latest contributor to the public’s understandable rejection of a profession that has either failed spectacularly to raise the alarm over impending crises or have provided theoretical justifications for the inexcusable practices of bankers and the wild claims of politicians. Who can forget the Queen’s devastating question, in the aftermath of the 2008 crash, to members of the Royal Economic Society: “Why did no one see it coming?” How can Nobel Prize winning economists be

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An accidental economist Let me begin with a confession: I am a Professor of Economics who has never really trained as an economist. But let’s take things one at a time.

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