People in a resilient society are able to bounce back from shocks, such as pandemics and economic crises. 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. Lacking resilience, societies, families, and individuals can reach tipping points from which they cannot recover. 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. The author applies his macroeconomic insights to public health, innovation, public debt overhang, inflation, inequality, climate change, and challenges to the global order.
Named a top economics book by the Financial Times
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Winner of the prestigious 2021 German Business Book Prize
“Markus Brunnermeier has written a landmark book on resilience. It is an indispensable guide to what we must learn from the pandemic, and how to do better next time.”
“In this book, Markus Brunnermeier thinks big about the long-term future, in light of the lessons we have learned from recent transforming events. His book is a significant read for anyone taking a leadership role in the coming years.”
“Markus Brunnermeier 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.”
“Markus 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.”
Markus 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. He has served on the advisory boards of the US Congressional Budget Office, the Federal Reserve of New York, the IMF, the European Systemic Risk Board, and the Bundesbank. His research focuses on international financial markets and the macroeconomy with special emphasis on bubbles, liquidity, financial, and monetary price stability.