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Kirkus Reviews gave the book a positive review, calling it "Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal." [ 11 ] In his review for The Guardian , Greek economist and politician Yanis Varoufakis praised the book and called it a "methodical deconstruction of fake facts" and an ...
Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty (2011) is a non-fiction book by Abhijit V. Banerjee [1] and Esther Duflo, [2] both professors of Economics at Massachusetts Institute of Technology (MIT) and Nobel Memorial Prize in Economic Sciences laureates. The book reports on the effectiveness of solutions to global ...
The reverse of Gresham's law, that good money drives out bad money whenever the bad money becomes nearly worthless, has been named "Thiers' law" by economist Peter Bernholz in honor of French politician and historian Adolphe Thiers. [26] "Thiers' Law will only operate later [in the inflation] when the increase of the new flexible exchange rate ...
Money transformed the entire idea of the barter system. A medium of exchange for centuries, it keeps the world in flow, enables countries to trade, store wealth and foster friendly relationships.
At 4.3% now, unemployment remains historically low. But wait, there’s context: Job creation has been slowing down in the face of high interest rates, which make it harder for businesses to expand.
The mighty American consumer has shrugged off months, even years of recession predictions from top economists and Wall Street CEOs. Facing the hottest inflation in 40 years, and aggressive ...
Fault Lines: How Hidden Fractures Still Threaten the World Economy is a 2010 book by Indian economist Raghuram Rajan on the underlying causes of the 2008 financial crisis, and the structural weaknesses present in the world economy. It won the Financial Times and McKinsey Business Book of the Year award in 2010.
Economic slack, a term I unfortunately cannot take any credit for, broadly describes a situation where the economy isn’t performing as well as it could be. The most widely recognized symptom of ...