Opportunities are everywhere, waiting to be discovered

“Economics imagines a world of irrepressible dynamism. People get inspired, change jobs, turn from making machines to making music, quit and decide to wander the world. New businesses get born, rise, fail, and die, are replaced by timelier and more brilliant ideas. Productivity grows in staccato leaps, nations grow richer. What was made in Manchester mills moves to Mumbai factories and then to Myanmar and maybe, one day, to Mombasa or Mogadishu. Manchester is reborn as Manchester digital, Mumbai turns its mills into up-market housing and shopping malls, where those who work in finance spend their newly fattened paychecks. Opportunities are everywhere, waiting to be discovered and grabbed by those who need them.”

Excerpt From: Abhijit V. Banerjee. “Good Economics for Hard Times.”