Books by Richard Davies
Extreme Economies: What Life at the World's Margins Can Teach Us About Our Own Future
A New Statesman best book of the year | New York Times Editors' Choice pick
A Financial Times best economics book of 2019
An accessible, story-driven look at the future of the global economy, written by a leading expert
To predict our future, we must look to the extremes. So argues the economist Richard Davies, who takes readers to the margins of the modern economy and beyond in his globe-trotting book. From a prison in rural Louisiana where inmates purchase drugs with prepaid cash cards to the poorest major city on earth, where residents buy clean water in plastic bags, from the world’s first digital state to a prefecture in Japan whose population is the oldest in the world, how these extreme economies function―most often well outside any official oversight―offers a glimpse of the forces that underlie human resilience, drive societies to failure, and will come to shape our collective future.
While the people who inhabit these places have long been dismissed or ignored, Extreme Economies revives a foundational idea from medical science to turn the logic of modern economics on its head, arguing that the outlier economies are the place to learn about our own future. Whether following Punjabi migrants through the lawless Panamanian jungle or visiting a day-care for the elderly modeled after a casino, Davies brings a storyteller’s eye to places where the economy has been destroyed, distorted, and even turbocharged. In adapting to circumstances that would be unimaginable to most of us, the people he encounters along the way have helped to pioneer the economic infrastructure of the future.
At once personal and keenly analytical, Extreme Economies is an epic travelogue for the age of global turbulence, shedding light on today’s most pressing economic questions.
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Economics: Making Sense of the Modern Economy
by The Economist, Richard Davies
The world of economics is changing. Years of turmoil in the global economy mean that nothing will ever be quite the same again.
This is the starting point and theme of this radically revised Economist books classic, now available for the first time in America.
Richard Davies, economics editor of The Economist, takes us on a journey through the paper's own analysis of the state of the world's economies, how we reached this point and what to expect in the next decade. He explores:
what's gone wrong since 2008, why it's happened and how we can stop it happening again;
the shifting focus of economics from banking to labor economics;
the future hopes and challenges for the world economy.
Along the way, we encounter the global economy laid bare, from banks, panics, and crashes to innovative new policies to improve how markets function; from discussions around jobs, pay, and inequality to the promise of innovation and productivity; from the implications of emerging markets and the globalization of trade through to the sharing economy and the economics of Google and eBay.
The result is a fascinating review of the global economy and the changing role of economics in the new world order.
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