Panitza Library

Economics of the Common Good, by Jean Tirole

February 05, 2018

Economics for the Common Good is a passionate manifesto for a world in which economics, far from being a "dismal science," is a positive force for the common good.   

Economists are rewarded for writing technical papers in scholarly journals, not joining in public debates. But Jean Tirole says we urgently need economists to engage with the many challenges facing society, helping to identify our key objectives and the tools needed to meet them. To show how economics can help us realize the common good, Tirole shares his insights on a broad array of questions affecting our everyday lives and the future of our society, including global warming, unemployment, the post-2008 global financial order, the euro crisis, the digital revolution, innovation, and the proper balance between the free market and regulation.   Providing a rich account of how economics can benefit everyone, Economics for the Common Good sets a new agenda for the role of economics in society.  

Jean Tirole, the winner of the 2014 Nobel Prize in Economics, has been described as one of the most influential economists of our time. He is chairman of the Toulouse School of Economics and of the Institute for Advanced Study in Toulouse and a visiting professor at the Massachusetts Institute of Technology. His many books include The Theory of Corporate Finance and Financial Crises, Liquidity, and the International Monetary System (both Princeton).

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