Just Economics: A Better Deal for People and Planet
About this ebook
Why does a fisherman in Dakar work even longer hours when temperatures rise?
What makes extreme heat in Seattle fifteen times more deadly than in Houston?
Why can’t Indigenous communities in Brazil get the help they desperately need?
The lives of the world’s poorest are already harder, hotter and shorter, with much of it due to the actions of the world’s wealthiest. But just as the rich world’s emissions are finally falling, those from poorer countries are set to increase drastically. We seem to be caught in an impossible bind, but it’s not too late to find a way out.
Just Economics proposes a radical new approach, arguing that progress is possible if the wealthiest countries compensate the poorest for the continuing harm and, in exchange, poorer countries reduce their emissions. Drawing on meticulous original research and years of fieldwork around the world, witnessing the impact of climate change on those most affected, Banerjee, Duflo and Greenstone quantify the damage inflicted on the poor and calculate how we could fund such an ambitious plan. They show how their grand bargain adds up and why it will work. That we can protect the poor while protecting our future. It’s just economics.
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About the author
Abhijit V. Banerjee (Author)
Abhijit V. Banerjee, winner of the 2019 Nobel Prize in Economics, is the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology, and a co-founder and co-director of the Abdul Latif Jameel Poverty Action Lab (J-PAL). In 2011, he was named one of Foreign Policy magazine’s top 100 global thinkers. Banerjee served on the U.N. Secretary-General’s High-level Panel of Eminent Persons on the Post-2015 Development Agenda.
Esther Duflo (Author)
Esther Duflo, winner of the 2019 Nobel Prize in Economics, is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics in the Department of Economics at the Massachusetts Institute of Technology and a co-founder and co-director of the Abdul Latif Jameel Poverty Action Lab (J-PAL). Duflo is a member of the American Academy of Arts and Science, and has received numerous academic honors and prizes including the Princess of Asturias Award for Social Sciences (2015), the Infosys Prize (2014), the Dan David Prize (2013), a John Bates Clark Medal (2010), and a MacArthur “Genius Grant” Fellowship (2009).
Michael Greenstone (Author)
Michael Greenstone, distinguished professor at the University of Chicago, is co-director of the Climate Impact Lab.
