Current Affairs for UPSC CSE's video: The Best Economics Books of 2017 recommended by Diane Coyle

Best Economics Books of 2017, recommended by Diane Coyle 1. The Financial Diaries: How American Families Cope in a World of Uncertainty by Jonathan Morduch -- https://amzn.to/2PQRuCo 2. Straight Talk on Trade: Ideas for a Sane World Economy by Dani Rodrik https://amzn.to/2R37oJW 3. Economics for the Common Good by Jean Tirole https://amzn.to/2PHDuuA 4. Adaptive Markets: Financial Evolution at the Speed of Thought by Andrew W. Lo -- https://amzn.to/2yqZlQl 5. The Wisdom of Finance: Discovering Humanity in the World of Risk and Return by Mihir Desai --https://amzn.to/2CUTBSB About the book 1. In The Financial Diaries, Jonathan Morduch and Rachel Schneider draw on the groundbreaking U.S. Financial Diaries, which follow the lives of 235 low- and middle-income families as they navigate through a year. 2. This book captures Desai’s lucid exploration of the ideas of finance as seen through the unusual prism of the humanities. Through this novel, creative approach, Desai shows that outsiders can access the underlying ideas easily and insiders can reacquaint themselves with the core humanity of their profession. 3. Adaptive Markets starts with the origins of market efficiency and its failures, turns to the foundations of investor behavior, and concludes with practical implications―including how hedge funds have become the Galápagos Islands of finance, what really happened in the 2008 meltdown, and how we might avoid future crises. 4. Dani Rodrik, an early and outspoken critic of economic globalization taken too far, goes beyond the populist backlash and offers a more reasoned explanation for why our elites’ and technocrats’ obsession with hyper-globalization made it more difficult for nations to achieve legitimate economic and social objectives at home: economic prosperity, financial stability, and equity. 5. 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.