Extreme Economies: Survival, Failure, Future – Lessons from the World’s Limits
Extreme Economies: Survival, Failure, Future ? Lessons from the World?s Limits by Richard Davies is a captivating exploration of unique parts of the world through personal stories of survival and perseverance within an economic context. The author takes the reader on a journey to nine extreme economies, delving into the challenges faced by individuals and societies in these regions. Davies skillfully weaves together historical context, economic assessment, and intuitive thinking to provide a comprehensive view of how different economies function under extreme circumstances. Through engaging storytelling, the book offers insights into how societies adapt and cope in unusual situations, shedding light on the complexities of economic systems in diverse corners of the world.
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Sensitive Topics/Content Warnings
The content warnings are medium, as the book discusses themes of poverty, inequality, and suffering within various extreme economies.
From The Publisher:
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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