Summary:
The book presents a vision for the role of economics in society, advocating for the discipline to address real-world challenges such as climate change, labor market issues, and financial crises. It emphasizes the importance of ethical considerations and the need for economists to engage with the public and policymakers to drive positive societal change.
Key points:
1. Common Good & Market Failures: Tirole talks about aiming for the common good in economic policy. He points out that markets sometimes fail due to problems like externalities and information gaps, which means governments need to step in to fix these issues.
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