Would opt to do this for cost saving reasons however doing this would cause a huge slump in the labour market Ie poorer people would be out of work and therefore not paying tax or claiming welfare and not spending much on the local economy The results being the companies get bigger and richer but the people don t Some predictions actually say large scale automation would have a negative effect on GDP Fascinating chapterLast chapter and I ve not mentioned them all

as likes wants and needs change and trade was about universal basic income This is relatively new turf but I think we ll see a lot of it in the future Essentially people would get a guaranteed income regardless of their employment status This is fascinating as it eliminates the survival instinct for work meaning people would be less risk averse in their job often coming up with newer riskier ideas etc Which is essential for growth as shown by the Solow model An interesting concept exists in Denmark called Flexicurity whereby workers don t have job security and companies can fire people without legal protection but they automatically receive UBI if they are found out of work This in essence allows businesses to refine and streamline their business models and allows workers to move onto other work In essence it s the complete opposite of a job for life mentality which Japan proved doesn t work that well in the 1990sI m going to end this job for life mentality which Japan proved doesn t work that well in the 1990sI m going to end this here but thanks for reading all this if ou have I ve actually been inspired to start studying economics with the open university as a result of reading this book Thanks very much to Abhijit and Esther for their work on this Excellent book which should be read by allPoliticians journalists and leaders Insights into the current challenges and opportunities to help solve societies real Ionary book renowned MIT economists Abhijit V Banerjee and Esther Duflo take on this challenge building on cutting edge research in economics explained with lucidity and grace Original provocative and urgent Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect It is an extraordinary achievement one that shines a light to help us appreciate and understand our precariously balanced worl. ,
Ct science it s hard to COMPARE DATA BETWEEN COUNTRIES AND PERIODS data between countries and periods time however most often things improve because we learn from past mistakes eg the Great Depression Immigration IS a good thing the argument that the people arrive to our developed countries the people are out of work as the supply demand model would indicate though this isn t true as when people move to a new location for work they earn a wage pay tax and then spend their money on the local economy which boosts growth Though remittance has a negative effect on the economy Interesting points about the efficiency wage generally most employers won t pay minimum wage and there is no evidence that most of them do due to the fact that it s often costlier to keep re hiring new people and they would rather pay a better wage and keep the employee Fascinating comparisons between western economics mostly focusing on France the UK and the states vs China and India s economies Lower paid workers in SE and developing countries aren t necessarily worse off ie if Elige Tu Trabajo En 5 dias!: Manual De Coaching De Carrera you stop buying cheap goods for moral reasonsou re reducing the income to these countries and families Actually the we spend having products manufactured in the developing world the the inflow of cash and so the higher the standard of living for the residents This is seen in China which less than 100 ears ago experienced extreme famine under the Mao regime now the huge growth The China Shock is seeing China moving away from large scale cheap labour manufacturing and into new growth areas in tech think *Huwawie Zoom And TikTok Interesting *Zoom and TikTok Interesting on automation and the replacement of humans in the workforce As someone that works in the tech sector this really made me revaluate things Simply put some jobs can be replaced by machines but it s not necessarily a good thing to do so Companies. Balisation and technological disruption slowing growth and accelerating climate change these are sources of great anxiety across the world from New Delhi and Dakar to Paris and Washington DC The resources to address these challenges are there what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us If we succeed history will remember our era with gratitude; if we fail the potential losses are incalculable  In this revolut. DisappointingBook poor economics is book of everyone Everyone can easily grasped what author want to say in thatBut this is book for professional economist Issues and arguments are not easy to grasp They are very acedemic in nature The main criticism first the Book Suffers From A Lack suffers from a lack charts and figures as a reader I feel insulted that the authors do not think me able to understand them Since a good graph or chart is better than many words the book could have been shorter Second I couldn t shake the feeling that the book was written with a conclusion in mind and the research has been selected with a bias and sometimes the facts are stretched to illustrate the conclusion Third I remain unconvinced Still I read it to the end it has the merit of being thought provoking Although it was a bit heavy going at times with big concepts to grasp it was ultimately worth it Unless ou re already well versed in economics I would recommend small chunks often rather than a whole chapter or two at a timePerhaps a bit left of centre politically but always ready to give both sides to the story Great provider This book arrived a little late but I ll still give 5 stars based on the content for the authors sake and not the sellersFirstly the edition of this book is one of the nicest I ve held recently it the edition of this book is one of the nicest I ve held recently it a really nice paper bound hardback the paper is high gsm and feels really nice to touchThis is the second book I ve read on economics from someone who had no real understanding beforehand I bought it as it was one of the bill gates summer reading list books really glad I bought itThe book starts off with talking about the public perception of economists and how there is a large distrust usually pedalled by bad economics and politiciansSome fascinating things I ve learned since reading Economics is not a perfe. Brought to ou by Penguin  Two prize winning economists show how economics when done right can help us solve the thorniest social and political problems of our day  Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time Much greater than space travel or perhaps even the next revolutionary medical breakthrough what is at stake is the whole idea of the good life as we have known it  Immigration and ineuality glo. ,

summary Good Economics for Hard Times: Better Answers to Our Biggest Problems


Good Economics for Hard Times: Better Answers to Our Biggest Problems