Markus Brunnermeier has been awarded the 2021 German Business Book Prize for his book “The Resilient Society.” The award is presented each year at the Frankfurt Book Fair by the German newspaper Handelsblatt, the Frankfurt Book Fair, and Goldman Sachs.
Brunnermeier is the Edwards S. Sanford Professor of Economics in the Economics Department at Princeton and the director of Princeton’s Bendheim Center for Finance.
A jury selected the book from a shortlist of ten titles. “Markus Brunnermeier not only describes the crisis, he also deals with possible solutions,” said Hans-Jürgen Jakobs, senior editor of the Handelsblatt and chairman of the jury.
The winner of the German Business Book Prize receives prize money of 10,000 euros, donated by Goldman Sachs. “The German Business Book Prize has now established itself as one of the most important literary prizes in this genre,” said Wolfgang Fink, CEO of Goldman Sachs at the awards gala on October 22.
In “The Resilient Society,” Brunnermeier dives deep into global responses to the Covid-19 pandemic and describes how individuals, institutions, and nations can successfully navigate a dynamic, globalized economy filled with unknown risks. He 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.
“Markus Brunnermeier did not write a pure Corona book, but a guide for crises of all kinds. He offers many suggestions that the reader can take away, and it’s also written well and understandable,” said the jury.
You can also watch Professor Brunnermeier discuss the book’s main themes in a launch event at the Peterson Institute for International Economics (PIIE) with PIIE President Adam Posen, Wall Street Journal Chief Economics Commentator Greg Ip, and Financial Times Editorial Board Chair and U.S. Editor-at-Large Gillian Tett.