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What Would the Great Economists Do?

How Twelve Brilliant Minds Would Solve Today's Biggest Problems

Audiobook
1 of 1 copy available
1 of 1 copy available

A timely exploration of the life and work of world-changing thinkers—from Adam Smith to John Maynard Keynes—and how their ideas would solve the great economic problems we face today.
Acclaimed economist and BBC broadcaster Linda Yueh profiles the great economic minds who focused on the big questions: growth, innovation, and the nature of markets. Most of them have won the Nobel Prize. All of them have had lasting impact on both the development of the discipline and how public policy has been and continues to be shaped. But Dr. Yueh goes a step further: In accessible and clear prose, she will explain the impact their respective research has on combating today's great economic problems.
For example, she will ask: Milton Friedman, are central banks doing too much? Friedrich Hayek, can financial crashes be prevented? Douglass North, why are so few countries rich?
After years of experience providing economic literacy to the public through podcasts, documentaries, lectures, and television programs, Dr. Yueh will bring that wealth of expertise to the page in her first trade book for a general reader. What Would the Great Economists Do? offers a concise history of modern economics, the trailblazing men and women who developed the field, and, more fundamentally, how their findings would solve everything from global inequality to what drives innovation.
Economists included (in chronological order): Adam Smith, David Ricardo, Karl Marx, Alfred Marshall, Irving Fisher, John Maynard Keynes, Joseph Schumpeter, Friedrich Hayek, Joan Robinson, Milton Friedman, Douglass North, and Robert Solow.

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    • Publisher's Weekly

      March 12, 2018
      An appealing thought experiment—what if the great economic thinkers of the past took on today’s most intractable problems—supplies the premise for this provocative work from economist Yueh (China’s Growth). Unfortunately, Yueh’s answers are less stirring than the question, principally because her subjects’ work has already been absorbed into mainstream economic thinking. She devotes much of the book to profiles of her “great economists,” among whom she includes Milton Friedman, John Maynard Keynes, Karl Marx, and Adam Smith, and while the compressed biographies are sometimes helpful with understanding their ideas, they more often distract from the book’s exploration of contemporary issues like income inequality and the role of central banks. Elsewhere, Yueh is more on point, as in the chapter on Joan Robinson (an overlooked female economist), who studied why wages do not necessarily rise in economic recoveries. The epilogue addresses the future of
      globalization and invokes the thoughts of the greats (largely arguments for free trade), but feels tired and less than revelatory, suggesting that the modern world would be better served by looking for the next great economist than by looking to the past.

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