Overview

In this book, ten prominent economists-including Nobel laureates and several likely laureates-offer their ideas about what the future might hold in 100 years.This pithy and engaging volume shows that economists may be better equipped to predict the future than science fiction writers. Economists' ideas, based on both theory and practice, reflect their knowledge of the laws of human interactions as well as years of experimentation and reflection. Although perhaps not as screenplay-ready as a work of fiction, these economists' predictions are ready for their close-ups. In this book, ten prominent economists-including Nobel laureates and several likely laureates-offer their ideas about the world of the twenty-second century.In scenarios that range from the optimistic to the guardedly gloomy, these thinkers consider such topics as the transformation of work and wages, the continuing increase in inequality, the economic rise of China and India, the endlessly repeating cycle of crisis and (projected) recovery, the benefits of technology, the economic consequences of political extremism, and the long-range effects of climate change. For example, 2013 Nobelist Robert Shiller provides an innovative view of future risk management methods using information technology; and Martin Weitzman raises the intriguing but alarming possibility of using geoengineering techniques to mitigate the inevitable effects of climate change.Contributors Daron Acemoglu, Angus Deaton, Avinash K. Dixit, Edward L. Glaeser, Andreu Mas-Colell, John E. Roemer, Alvin E. Roth, Robert J. Shiller, Robert M. Solow, Martin L. Weitzman

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9780262528344

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Stimulating reading. Foreign Affairs

Stimulating reading. -Foreign Affairs

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Ignacio Palacios-Huerta is Professor of Management and Strategy at the London School of Economics. Ignacio Palacios-Huerta is Professor of Management and Strategy at the London School of Economics. Daron Acemoglu is Charles P. Kindleberger Professor of Applied Economics at MIT and a Research Associate of the National Bureau of Economic Research. Robert J. Shiller is Sterling Professor of Economics at Yale University. He is the author of Finance and the Good Society and other books. Robert M. Solow is Institute Professor of Economics.

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