Extreme Economies: Survival, Failure, Future – Lessons from the World’s Limits (Paperback)
  • Extreme Economies: Survival, Failure, Future – Lessons from the World’s Limits (Paperback)
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Extreme Economies: Survival, Failure, Future – Lessons from the World’s Limits (Paperback)

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£11.99
Paperback 432 Pages
Published: 03/09/2020
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Waterstones Says

Compelling and refreshingly original in its approach, Extreme Economies presents a revelatory analysis of the effects of duress, challenge and stress in the development of socio-economic solutions. Exploring the reactions of individuals in disaster-stricken economies, Davies’s book is ultimately a celebration of human resilience and innovation.

*Winner of the Enlightened Economist Prize 2019*
*Winner of Debut Writer of the Year at the Edward Stanford Travel Writing Awards 2020*
*Longlisted for the Financial Times & McKinsey Business Book of the Year Award 2019*

'Extreme Economies is a revelation - and a must-read.' Andy Haldane, Chief Economist at the Bank of England

To understand how humans react and adapt to economic change we need to study people who live in harsh environments. From death-row prisoners trading in institutions where money is banned to flourishing entrepreneurs in the world's largest refugee camp, from the unrealised potential of cities like Kinshasa to the hyper-modern economy of Estonia, every life in this book has been hit by a seismic shock, violently broken or changed in some way.

In his quest for a purer view of how economies succeed and fail, Richard Davies takes the reader off the beaten path to places where part of the economy has been repressed, removed, destroyed or turbocharged. He tells the personal stories of humans living in these extreme situations, and of the financial infrastructure they create. Far from the familiar stock reports, housing crises, or banking scandals of the financial pages, Extreme Economies reveals the importance of human and social capital, and in so doing tells small stories that shed light on today's biggest economic questions.

'A highly original approach to understanding what really makes economies tick.' Mervyn King, former Governor of the Bank of England

Publisher: Transworld Publishers Ltd
ISBN: 9781784163259
Number of pages: 432
Weight: 305 g
Dimensions: 198 x 127 x 26 mm


MEDIA REVIEWS

A highly original approach to understanding what really makes economies tick. Both insightful and accessible to non-economists. - Mervyn King, former Governor of the Bank of England

Davies visits economies pushed to the limit and examines what their response teaches us about resilience in the face of climate change, demographic shifts and state failure. - Financial Times

An exploration of the lessons to be drawn from disaster-stricken economies and imperilled (but innovative) people, which ranges from the jungles of Panama to post-tsunami Indonesia to the prison system of Louisiana and Syrian refugee camps. - The Economist - Books of the Year 2019

Financial Times Best Books of 2019: Extreme Economies is a reflection on human resilience. The author takes you from a prison to a refugee camp to Kinshasa and Santiago to explain how economies work in extreme circumstances and why markets succeed or fail. Weaving economic theory and individual life stories, this is an important and enjoyable read.

We learn most about ourselves at times of extreme stress and challenge. Using nine compelling country case studies, Richard Davies brilliantly demonstrates that the same is true of our economic systems. In its approach and insights, Extreme Economies is a revelation - and a must-read. - Andy Haldane, Chief Economist at the Bank of England

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“Complex economics made readable”

I've always held up The Economist as an exemplar for translating complex economics into plain speak. And engaging / entertaining plain speak. In this book, Davies demonstrates he's benefited from his time... More

Hardback edition
Helpful? Upvote 18

“Wonder and wisdom”

Gripping stuff; a most readable tour of some of the world’s extremities . There are hair raising stories here that astonish while bringing home economic theory to the here and now in a way that the non specialist can... More

Hardback edition
Helpful? Upvote 16

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