A guide to understanding the Austrians that delves into the cultural curiosities and peculiar characteristics of this land-locked nation"""""The Austrian needs lots of persuading to have his traditions tampered with in the name of modernization and efficiency. He is attached to his sausage, his insipid beer, and the young white wine that tastes so remarkably like iron filings. He prefers the familiar, tried, and tested to the novelty, the latter almost certainly being an attempt by persons unknown to make money at his expense.""""""""Home life for the Austrians is a never-ending quest for Gemutlichkeit or coziness, which is achieved by accumulating objects that run the gamut from the pleasingly aesthetic to the mind-blowingly kitsch.""""""""In Austria detonating pretension is a national pastime. It has to do with attitudes to power that date back to an absolutist form of government and with the self-irony developed by people who were (or thought they were) more talented than the authority to which they had to defer.""""""""The paradoxical character of the Austrian mingles profoundly conservative attitudes with a flair for innovation and invention. This creative tension usually takes the form of official obstructionism to good ideas, but sometimes the other way round. For example, the population were outraged by Josef II's attempt to make them adopt reusable coffins with flaps on the underside for dropping out the corpses. (The Emperor was forced to retreat, grumbling as he did so about the people's wasteful attitude.)""""
The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it. Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to Paris and Washington, DC. The resources to address these challenges are there--what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. If we succeed, history will remember our era with gratitude; if we fail, the potential losses are incalculable. In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.