The Resilient Society : Economics After Covid

By Markus Brunnermeier

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About the book

People in a resilient society are able to bounce back from shocks, such as pandemics and economic crises. Lacking resilience, societies, families and individuals can reach tipping points from which they cannot recover.

The Resilient Society by Princeton University economist Markus Brunnermeier describes how individuals, institutions and nations can successfully navigate a dynamic, globalized economy filled with unknown risks. The author applies his macroeconomic insights to public health, innovation, public debt overhang, innovation, inequality, climate change and challenges to the global order, offering ground-breaking blueprints for the reconstruction of societies and economies in a post-Covid world.

Written for business leaders, economists, policymakers and politically interested citizens, the book argues that the concept of resilience can be a compass for developing a social contract that benefits all people.

Pages: 428

Available in: Hardback

Language: English

Markus Brunnermeier

Markus K. Brunnermeier is the Edwards S. Sanford Professor at Princeton University and director of Princeton’s Bendheim Center for Finance. He is a Fellow of the Econometric Society, a Guggenheim Fellow, a Sloan Research Fellow, a Vice President of the American Finance Association, and a non-resident Fellow at the Peterson Institute for International Economics.

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Can our political and economic systems be flexible enough to protect against large shocks but also enable us to bounce back after? Markus K. Brunnermeier addresses this question with originality and depth. As the world emerges from the pandemic and braces itself for more such shocks, this compelling book could not be more timely or valuable. - ARVIND SUBRAMANIAN, former Chief Economic Advisor to the Government of India

The global economy is at a crossroads. Transformational changes and attendant challenges abound: pandemics, policy normalization, climate change, cyber risk and digital finance, among others. In The Resilient Society, Markus K. Brunnermeier provides a coherent path forward to prepare for it all and recover robustly when future shocks inevitably hit. A must-read for Indian policymakers, businessmen and young minds as the country tries to bounce back from past shocks and deal smartly with an increasingly uncertain future. - VIRAL V. ACHARYA, former Deputy Governor of the Reserve Bank of India

A landmark book on resilience … an indispensable guide to what we must learn from the pandemic and how to do better next time. - ANGUS DEATON, 2015 Nobel laureate in economics

In this book, Markus K. Brunnermeier thinks big about the long-term future, in light of the lessons we have learned from recent transforming events. A significant read for anyone taking a leadership role in the coming years. - ROBERT SHILLER, 2013 Nobel laureate in economics

Markus K. Brunnermeier, one of the leading economists of this generation, shows us how we can address crises more effectively in the future. This book will be an invaluable resource for scholars and practitioners looking to build a more resilient, just and productive society. - RAJ CHETTY, William A. Ackman Professor at Harvard University and the Director of Opportunity Insights

Provides a new framework for understanding resilience in finance and in the political economy. Lucid, clear and engaging, the book should be required reading for any economist or policymaker seeking a new way of imagining the craft of economics. - GILLIAN TETT, Chair of the Editorial Board and Editor-at-Large, Financial Times