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The Soulful Science

What Economists Really Do and Why It Matters - Revised Edition
in: Economics
Summary:

The book explores the evolution of modern economics, highlighting the use of empirical data and innovative quantitative methods to address real-world issues. It delves into how economists analyze topics like inequality, globalization, and technological change, and why their research is relevant to public policy and everyday life.

Key points:

1. Economic Growth: Diane Coyle highlights the importance of economic growth beyond just GDP, focusing on its role in improving living standards and reducing poverty. She examines the factors driving growth, like innovation and productivity, and the importance of sustainable, inclusive growth.

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