Abstract

Top stars of modern economics talk about cutting-edge “wonderland of knowledge”.

● “How you see the society will change” (Fuhito Kojima, Professor at University of Tokyo)
You hardly find a book to have interviewed all these gorgeous members in the world. I want this book to be read by people who say “economy? what is it?”, not only by those who are interested in the modern economics. I definitely believe the book will change the way you see the society.

● “Research and human dramas that changed the world” (Yosuke Yasuda, Professor at University of Osaka)
Top economists fully talk all about the research that changed the world and the human dramas of achieving accomplishments. Even if you don’t know the economics, you will be simply drawn to their attraction. This is truly “The World’s Best Economics Class”!

● First-class economists talk about economics, the world, society, and human!
Becker, Thaler, Ariely, Milgrom, Roth, List, Heckman, Banerjee, Acemoğl, Stiglitz, Rodrik, Rajan --- From Nobel Prize winning economists to its strong candidates. Nikkei Business’s economic reporter interviewed the world-class prominent economists and explains the content and background of the research. It vividly delivers the challenges of the modern economy and the front-line trends of the economics aiming to solve them.

On the various economic fields including human capital theory, behavioral economics, economics of organizations, market design, education, development economics, global economy, relationship between politics and economy, innovation, and globalization, the economists representing each field talk about frankly and freely how the economics address issues facing the modern society, what tips are available for solutions, motivation for research, its achievement, and its role in society as well as policy proposals.

With the frank and plain words by leading economists in our age, you can feel that exploring human behavior called economics has the power to change society beyond the age. The book fully introduces the background and characteristics of research by each economist, along with the interviews. This is an educational book that allows you to learn the power of economics and to feel closer to economics.

Table of Contents
Introduction

Chapter 1 “Human capital theory” in the aging society, Gary Becker

Chapter 2 Behavioral economics of “we are human after all”, Richard H. Thaler

Chapter 3 Economics of “altruistic behavior”, Dan Ariely

Chapter 4 Economics beneficial for business, Paul Milgrom

Chapter 5 Market design enabling “right man in the right place”, Alvin E. Roth

Chapter 6 Economics to “scale” ideas, John A. List

Chapter 7 Discipline and environment up to five years old create “power to survive”, James J. Heckman

Chapter 8 There is no evidence for growth strategies, Abhijit Banerjee

Chapter 9 Update political economics with data, Daron Acemoğl

Chapter 10 Create added-value from aging society, Joseph E. Stiglitz

Chapter 11 New globalization, new industrial policy, Dani Rodrik

Chapter 12 Globalization does not die, Raghuram Rajan

Conclusion

Author’s Information

Deputy Editor-in-Chief of Nikkei Business and Distinguished Visiting Professor at Keio University. Graduated from the Department of Economics, School of Political Science and Economics, Waseda University in 1993. Joined the Asahi Shimbun as a reporter that same year, and became a reporter for Nikkei Business in 2001. After taking a leave of absence, in 2005 she completed her Master of Public Policy (MPP) at Princeton University Graduate School (formerly the Woodrow Wilson School) with a CWAJ grant and tuition waiver. She has been following cutting-edge economics and business management since around 2008. Since 2013, she has been Deputy Editor-in-Chief of Nikkei Business. From 2016 to 2018, she was seconded to Nikkei Asian Review (now Nikkei Asia), the English-language publication of the Nikkei Shimbun, where a feature she worked on won the Society of Publishers of Asia Awards (SOPA) Grand Prize in 2017. She returned to Nikkei Business in 2018, working on a wide range of projects including the magazine, web, books, video editing, and live broadcasts. In July 2021, she concurrently served as an editorial commentator at the Research Institute of Economy, Trade and Industry (RIETI). In April 2022, she became a visiting professor at the Faculty of Policy Management, Keio University, where she designed and lectured on the course "Techniques for Knowledge Compilation" throughout the year. In April 2023, she became a RIETI consulting fellow. Her publications include "Trends in Contemporary Economics 2021 (Panel Discussion Collection)" (Toyo Keizai Inc.), "The World's Top Management Classroom," and "Nikkei Business: An Introduction to the Japanese Economy (edited and written)" (all published by Nikkei BP).