Lessons from the pandemic for recovering from the next major shock
The Covid-19 pandemic laid bare the high costs of being ill-prepared for major crises and shocks to our institutions. But even as the world continues to fight the virus, other disruptions are undoubtedly just around the corner.
In a new book for business leaders, policymakers, and concerned global citizens, Princeton Professor Markus Brunnermeier argues that the only way to protect our social and economic institutions from climate change, cyberattacks, and other shocks to come is to build resilience and invest in mechanisms for bouncing back.
“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.”
— Robert Shiller, 2013 Nobel laureate in economics
“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.”
— Gillian Tett, Financial Times, chair of the editorial board and editor-at-large
“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.”
— Sir Angus Deaton, 2015 Nobel laureate in 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.”
— Raj Chetty, William A. Ackman Professor at Harvard University and the director of Opportunity Insights
Markus Brunnermeier is the Edward S. Sanford Professor of Economics at Princeton University, the Director of Princeton’s Bendheim Center for Finance, and the Vice President of the American Finance Association.
A leading expert on international finance and the macroeconomy, he has been a member of several advisory groups, including the International Monetary Fund, the Federal Reserve Bank of New York, the European Systemic Risk Board, the Bundesbank, and the U.S. Congressional Budget Office. Learn more about Brunnermeier
If you’re a high school or university teacher, sign up to receive a free copy of the book’s introduction and other educational resources.