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Just Economics
  • Published: 19 January 2027
  • ISBN: 9781802069631
  • Imprint: Penguin eBooks
  • Format: EBook
  • Pages: 240

Just Economics

A Better Deal for People and Planet

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A bold new idea from the Nobel Prize-winning economists: how radical cooperation between rich and poor countries can build a future in which we can all thrive

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.
  • Published: 19 January 2027
  • ISBN: 9781802069631
  • Imprint: Penguin eBooks
  • Format: EBook
  • Pages: 240
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About the authors

Michael Greenstone

Michael Greenstone, distinguished professor at the University of Chicago, is co-director of the Climate Impact Lab.
MG

Praise for Just Economics

Praise for Good Economics

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Excellent, important, disarmingly down to earth . . . they seek to shed much-needed light upon the distortions that bad economics bring to public debates while methodically deconstructing their false assumptions

Yanis Varoufakis, Observer

A canard-slaying, unconventional take on economics ... invigorating ... a treasure trove of facts and findings about the biggest economic issues of the day

Ed Conway, The Times

Banerjee and Duflo brilliantly illuminate the largest issues of the day, including immigration, trade, climate change, and inequality

Cass R. Sunstein, author of <i> How Change Happens </i>

Essential for everybody who cares about climate change and global poverty…This well-researched, impassioned and readable book clearly explains the climate challenge and its human consequences, and proposes workable solutions

Daron Acemoglu, winner of the Nobel Prize in Economics

Phenomenal...the best book ever written on climate change…packed with new information, brimming with fresh ideas, and identifying paths forward. For a world searching for solutions, search no more

Cass R. Sunstein co-author of Nudge

Powerful, a must-read

Thomas Piketty author of Capital in the 21st Century