Abstract
In his recently published “Economics for the Common Good, ” Jean Tirole, a French economist and Nobel prize-winner, chairman of the Toulouse School of Economics and the Institute for Advanced Study in Toulouse, tries to defend and protect economists’ reputation. His transformation from academic economist to public intellectual motivated him to analyse the role economists and their discipline play in society. Providing an abundant explanation of how economics can benefit everyone, Tirole defines a new agenda for the role and impact of economists and economics in economy and society. His ability to explain complicated themes clearly and understandably is unfortunately a very rare skill among economists. The book is non-technical and without complicated mathematical formulas, aimed at the general and not particularly knowledgeable reader, and is full of examples from daily life. It should perhaps be required reading for any economist that wants to understand many issues and to learn how to write comprehensibly in a field that is more art than science, because in real life it is very difficult or impossible to collect all the data needed to assess precisely the effects predicted by theory.
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