Book by 2019 Nobel Prize winners Abhijit Banerjee, Esther Duflo to hit stands this week

A new book by Abhijit Banerjee and Esther Duflo, the Nobel Prize winners in Economic Sciences for 2019, will explore topics pertaining to global economy, publisher Juggernaut Books announced Monday.

The book, titled "Good Economics for Hard Times - Better Answers to our Biggest Problems", will hit the stands on October 19.

According to the publishers, the book, which deals with the most pressing issues of our time like employment, international trade and climate change, also helps in finding solutions to challenges facing the global economy today.

"... It tries to find the answers to questions like: Do immigrants take away jobs from poor native workers? Does international trade increase inequality, which is at present growing alarmingly? How do we manage the trade-off between growth and climate change? Is economic growth over in the West?," Juggernaut said in a statement.

Esther Duflo, Michael Kremer and Indian-American Abhijit Banerjee jointly won the 2019 Nobel Prize on Monday for their experimental approach to alleviate global poverty.

Also, Duflo is the only second woman to receive the world's most prestigious award in Economics since 1969.

"In the book the authors argue that we have the resources to solve these problems; what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us.

"Only if the best minds in the world work with governments and civil society to redesign our social programs for effectiveness and political viability will history remember our era with gratitude," it added.