SOLUTION: Good Economics for Hard Times Book Review

Attached. Please let me know if you have any questions or need revisions.GOOD ECONOMICS FOR HARD TIMES BOOK REVIEWFirst & Last Name: XXXXXXStudent ID: XXXXXXAuthor(s) First & Last Name(s): Abhijit V. Banerjee & Esther DufloTitle of Book: Good Economics for Hard TimesYear of Publication: 2019Place of Publication: New YorkPublisher: PublicAffairsNumber of Pages: 432Price (Paperback): $16.28 (Amazon)ISBN: 16103995011GOOD ECONOMICS FOR HARD TIMES BOOK REVIEWGOOD ECONOMICS FOR HARD TIMES2GOOD ECONOMICS FOR HARD TIMES BOOK REVIEW3IntroductionThis presentation is a review of economic principles, as explained in Good Economicsfor Hard Times. The analysis also includes a comparison with other books on vital economicprinciples. The book’s main theme addresses poverty alleviation by ascertaining how thereare no iron laws of economics, limiting the population from building a more humane world.The book also addresses crucial issues which face humanity, such as migration, trade wars,economic equality and climate catastrophe. It analyzes how these factors contribute to globalpoverty and how humanity can be shaped and sustained over the long-term.Abhijit V. BanerjeeAbhijit is of Indian origin but was naturalized in America. He is currently the FordFoundation International Professor of Economics at the Massachusetts Institute ofTechnology. Banerjee receives the 2019 Nobel Memorial Prize for his contributions to theexperimental approach to alleviating global poverty. He has made significant researchcontributions to arbitrary political effects and its effects on poverty’s continuous developmentin the current era. Banerjee tries to address how economic equality, trade wars, migrationsand climate catastrophe contribute to increased poverty worldwide.Esther DufloMarried to Banerjee, Esther is a French-American economist Professor of PovertyAlleviation and Development Economics at Massachusetts Institute of Technology. She alsoreceived the 2019 Nobel Memorial Prize to contribute to the experimental approach toalleviating global poverty. Duflo focuses on microeconomic issues related to povertyeradication, such as access to health, finance and education. She also focuses on householdbehavior at the microeconomic level and policy evaluation. She ranks 7th in the globe as themost cited economists in college syllabi.GOOD ECONOMICS FOR HARD TIMES BOOK REVIEW4Good Economics for Hard TimesBanerjee and Duflo have had great success through their pioneering work on povertyalleviation. In 2011, they debuted with their book “Poor Economics: A radical rethinking ofthe way to fight global poverty.” Good Economics for Hard Times is a deeper dive into pooreconomics on how one can shape the world through economic principles to ensure economicequality. As great scholars in poverty alleviation. Banerjee and Duflo’s research contributionshave changed perspectives on how aid can serve humanity and establish poverty-mentionedmetrics. Both the authors analyze different resources in developing countries and how policycan impact the alleviation of poverty. An example of such resources is medicine.AudienceGood Economics for Hard Times attracts an audience of variety. The bookcommunicates volumes to economic experts, policymakers, government agencies,independent research institutions, researcher and scholars. It offers an excellent perspective inline with the central theme of poverty alleviation in developing countries. Governmentagencies and policymakers could use the authors’ principles as the basis for developingeconomic policies that level down to below-average income holders. Economics students canalso benefit from the book as they have access to well thought out economic principles onpoverty alleviation to learn from.Objectives and Main IdeasWith growing polarization, economic inequality is becoming a widespread issueacross the globe. In as much as migration is pointed out to be the cause of poverty as foreignlabor stripe locals of their jobs, Banerjee and Duflo tend to differ. Banerjee and Duflo saymigration helps expose social housing issues and poor public service that the governmentought to forge towards excellence. Banerjee and Duflo come to a consensus that governmentsGOOD ECONOMICS FOR HARD TIMES BOOK REVIEW5ought to assist in the upward mobility of labor. Governments should create flexibility wherecitizens can work in areas where there are better jobs while still accessing the provinces tooffer support to the elderly. The authors also point out how trade liberalization causes h…

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