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The Resilient Society: Economics after Covid
Author: Markus K Brunnermeier
Publisher: HarperCollins
Pages: xiv + 412 pp
Price: Rs 699
Nassim Nicholas Taleb called the 2008 subprime meltdown and the subsequent economic crisis a black swan event, signifying its rarity. Black swans as birds exist in significant numbers, as are black swan events more common than assumed earlier, something Taleb himself underlined. A little over a decade later another anomalous event, the Covid-19 pandemic, caused a far greater shock to the world economy. Markus K Brunnermeier, professor at Princeton University, says in his book under review, “In the future, [it] will probably be
Nassim Nicholas Taleb called the 2008 subprime meltdown and the subsequent economic crisis a black swan event, signifying its rarity. Black swans as birds exist in significant numbers, as are black swan events more common than assumed earlier, something Taleb himself underlined. A little over a decade later another anomalous event, the Covid-19 pandemic, caused a far greater shock to the world economy. Markus K Brunnermeier, professor at Princeton University, says in his book under review, “In the future, [it] will probably be
