What Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems

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Picador, 2018 M06 5 - 368 pages
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A Newsweek "Best 50 Books of the Year (So Far)" Pick

"What Would the Great Economists Do? comes at the right time: a highly accessible and acute guide to thinking and learning from the men and woman whose work can inform and ultimately aid us in understanding the great national and global crises we're living through." --Nouriel Roubini, author of the New York Times bestselling Crisis Economics: A Crash Course in the Future of Finance

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.

Since the days of Adam Smith, economists have grappled with a series of familiar problems – but often their ideas are hard to digest, even before we try to apply them to today's issues. Linda Yueh is renowned for her combination of erudition, as an accomplished economist herself, and accessibility, as a leading writer and broadcaster in this field. In What Would the Great Economists Do? she explains the key thoughts of history's greatest economists, how our lives have been influenced by their ideas and how they could help us with the policy challenges that we face today.

In the light of current economic problems, and in particular economic growth, Yueh explores the thoughts of economists from Adam Smith and David Ricardo to contemporary academics Douglass North and Robert Solow. Along the way, she asks, for example, what do the ideas of Karl Marx tell us about the likely future for the Chinese economy? How do the ideas of John Maynard Keynes, who argued for government spending to create full employment, help us think about state intervention? And with globalization in trouble, what can we learn about handling Brexit and Trumpism?

What Would the Great Economists Do? includes:
Adam Smith
David Ricardo
Karl Marx
Alfred Marshall
Irving Fisher
John Maynard Keynes
Joseph Schumpeter
Friedrich Hayek
Joan Robinson
Milton Friedman
Douglass North
Robert Solow

 

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What Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems

User Review  - Publishers Weekly

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 ... Read full review

Contents

Great Economists on
1
Should the Government
11
Do Trade Deficits Matter?
32
Can China Become Rich?
51
Is Inequality Inevitable?
76
Are We at Risk of Repeating the 1930s?
95
To Invest or Not to Invest?
123
What Drives Innovation?
144
What Can We Learn from
172
Why Are Wages So Low?
194
Are Central Banks Doing Too Much?
213
Why Are So Few Countries Prosperous?
239
Do We Face a SlowGrowth Future?
265
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About the author (2018)

LINDA YUEH is an economist, broadcaster, and author. She holds senior academic positions at Oxford University, London Business School, and the London School of Economics and Political Science. She is also a broadcaster and was an anchor/correspondent at the BBC and Bloomberg TV. She is a widely published author and serves as editor of a book series on economic growth and development.

Linda's books include What Would the Great Economists Do?, China's Growth: The Making of an Economic Superpower, and Enterprising China.

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