Economics & Finance

Economics for the Common Good

    Translated by
  • Steven Rendall

From Nobel Prize–winning economist Jean Tirole, a bold new agenda for the role of economics in society


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Nov 7, 2017
21 b/w illus. 5 tables.
Economics & Finance
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When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, 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 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.

Awards and Recognition

  • Jean Tirole, Winner of the 2014 Nobel Prize in Economics
  • Winner of the 2018 George S. Eccles Prize for Excellence in Economic Writing, Columbia Business School
  • Longlisted for the 2017 Financial Times and McKinsey Business Book of the Year Award
  • One of the Microsoft Best Business Books of 2017
  • One of the Times Higher Education Books of the Year 2017, chosen by Sir Anton Muscatelli
  • One of Project Syndicate’s Best Reads in 2017 (chosen by J. Bradford DeLong)
  • One of Financial Times ( Best Books of 2017: Economics
  • One of Bloomberg’s Best Books of 2017
  • Selected for Bloomberg View’s “Must-Reads of 2017: Monopolies, Sexism and Economics”
  • One of Choice Reviews' Outstanding Academic Titles of 2018
  • One of the LSE Marshall Institute's Books of 2019