The Growth Illusion

The Growth Illusion

Author: Richard Douthwaite

Publisher:

Published: 1992

Total Pages: 392

ISBN-13:

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The Growth Illusion exposes the real nature of undirected economic growth, and refutes Adam Smith's belief in the 'invisible hand' ensuring that self-interest would serve the common good.


Book Synopsis The Growth Illusion by : Richard Douthwaite

Download or read book The Growth Illusion written by Richard Douthwaite and published by . This book was released on 1992 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Growth Illusion exposes the real nature of undirected economic growth, and refutes Adam Smith's belief in the 'invisible hand' ensuring that self-interest would serve the common good.


The Growth Illusion

The Growth Illusion

Author: R. J. Douthwaite

Publisher:

Published: 1993

Total Pages: 388

ISBN-13:

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The premise of this book is that economic growth has made life considerably worse for people in Britain since 1955 and that, even if growth were beneficial at one stage in human history, it is now damaging. The book presents evidence of social and environmental damage caused by growth and several reasons for a persistence of growth in the face of this damage. It is proposed that the real reason growth has not been stopped is that economic systems would collapse if it did. The book looks at the effects of a policy of growth before and after the 1950s, how growth has effected national health and damaged family and community life, and the effects of growth on the environment (see especially chapter 11: "Growth in the Greenhouse"). Included is an examination of how the need for growth forces companies to adopt new technologies before their impact on the environment can be assessed, how politicians are more concerned about maintaining conditions in which economic growth is possible than holding the world's climate unchanged, the myth of sustainable growth, and a lack of morality governing the direction of economic change. A solution is proposed that involves adjusting the capitalist system. (LZ)


Book Synopsis The Growth Illusion by : R. J. Douthwaite

Download or read book The Growth Illusion written by R. J. Douthwaite and published by . This book was released on 1993 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: The premise of this book is that economic growth has made life considerably worse for people in Britain since 1955 and that, even if growth were beneficial at one stage in human history, it is now damaging. The book presents evidence of social and environmental damage caused by growth and several reasons for a persistence of growth in the face of this damage. It is proposed that the real reason growth has not been stopped is that economic systems would collapse if it did. The book looks at the effects of a policy of growth before and after the 1950s, how growth has effected national health and damaged family and community life, and the effects of growth on the environment (see especially chapter 11: "Growth in the Greenhouse"). Included is an examination of how the need for growth forces companies to adopt new technologies before their impact on the environment can be assessed, how politicians are more concerned about maintaining conditions in which economic growth is possible than holding the world's climate unchanged, the myth of sustainable growth, and a lack of morality governing the direction of economic change. A solution is proposed that involves adjusting the capitalist system. (LZ)


The Growth Delusion

The Growth Delusion

Author: David Pilling

Publisher: Tim Duggan Books

Published: 2018-01-30

Total Pages: 304

ISBN-13: 052557252X

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A provocative critique of the pieties and fallacies of our obsession with economic growth We live in a society in which a priesthood of economists, wielding impenetrable mathematical formulas, set the framework for public debate. Ultimately, it is the perceived health of the economy which determines how much we can spend on our schools, highways, and defense; economists decide how much unemployment is acceptable and whether it is right to print money or bail out profligate banks. The backlash we are currently witnessing suggests that people are turning against the experts and their faulty understanding of our lives. Despite decades of steady economic growth, many citizens feel more pessimistic than ever, and are voting for candidates who voice undisguised contempt for the technocratic elite. For too long, economics has relied on a language which fails to resonate with people's actual experience, and we are now living with the consequences. In this powerful, incisive book, David Pilling reveals the hidden biases of economic orthodoxy and explores the alternatives to GDP, from measures of wealth, equality, and sustainability to measures of subjective wellbeing. Authoritative, provocative, and eye-opening, The Growth Delusion offers witty and unexpected insights into how our society can respond to the needs of real people instead of pursuing growth at any cost.


Book Synopsis The Growth Delusion by : David Pilling

Download or read book The Growth Delusion written by David Pilling and published by Tim Duggan Books. This book was released on 2018-01-30 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: A provocative critique of the pieties and fallacies of our obsession with economic growth We live in a society in which a priesthood of economists, wielding impenetrable mathematical formulas, set the framework for public debate. Ultimately, it is the perceived health of the economy which determines how much we can spend on our schools, highways, and defense; economists decide how much unemployment is acceptable and whether it is right to print money or bail out profligate banks. The backlash we are currently witnessing suggests that people are turning against the experts and their faulty understanding of our lives. Despite decades of steady economic growth, many citizens feel more pessimistic than ever, and are voting for candidates who voice undisguised contempt for the technocratic elite. For too long, economics has relied on a language which fails to resonate with people's actual experience, and we are now living with the consequences. In this powerful, incisive book, David Pilling reveals the hidden biases of economic orthodoxy and explores the alternatives to GDP, from measures of wealth, equality, and sustainability to measures of subjective wellbeing. Authoritative, provocative, and eye-opening, The Growth Delusion offers witty and unexpected insights into how our society can respond to the needs of real people instead of pursuing growth at any cost.


The Growth Illusion

The Growth Illusion

Author: Richard Douthwaite

Publisher:

Published: 1992

Total Pages: 367

ISBN-13:

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Book Synopsis The Growth Illusion by : Richard Douthwaite

Download or read book The Growth Illusion written by Richard Douthwaite and published by . This book was released on 1992 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt:


The Illusion of Progress

The Illusion of Progress

Author: Alexander Gillespie

Publisher: Earthscan

Published: 2014-05-14

Total Pages: 256

ISBN-13: 1849776229

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Is 'sustainable development' a charade sold to an increasingly misled public? This book presents a wide-ranging, penetrating critique of sustainability and what it actually means. The author argues that despite the rhetoric of socially and environmentally sustainable development and the ever-increasing number of legislative environmental policies, the real issues such as consumption, population growth and equity are either sidestepped or manipulated in international policy and law. Analyzing the main areas of concern - economic growth, market structure, trade, aid, debt, security and sovereignty - he shows that the entire development structure and the underpinnings of the debate are leading down quite a different path to that intended by sustainability.


Book Synopsis The Illusion of Progress by : Alexander Gillespie

Download or read book The Illusion of Progress written by Alexander Gillespie and published by Earthscan. This book was released on 2014-05-14 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is 'sustainable development' a charade sold to an increasingly misled public? This book presents a wide-ranging, penetrating critique of sustainability and what it actually means. The author argues that despite the rhetoric of socially and environmentally sustainable development and the ever-increasing number of legislative environmental policies, the real issues such as consumption, population growth and equity are either sidestepped or manipulated in international policy and law. Analyzing the main areas of concern - economic growth, market structure, trade, aid, debt, security and sovereignty - he shows that the entire development structure and the underpinnings of the debate are leading down quite a different path to that intended by sustainability.


The Innovation Illusion

The Innovation Illusion

Author: Fredrik Erixon

Publisher: Yale University Press

Published: 2016-01-01

Total Pages: 313

ISBN-13: 0300217404

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Companies, entrepreneurs, and complexity -- Capitalism and economic dynamism -- What is wrong - the map or the reality? -- Technology and income - are they decoupling? -- Jobs and technology -- Innovation famine rather than innovation feast -- 9 THE FUTURE AND HOW TO PREVENT IT -- From corporate globalism to global corporatism -- The continued rise of regulatory uncertainty -- The "silver tsunami" for cash -- Future imperfect -- Preventing the future -- NOTES -- REFERENCES -- INDEX


Book Synopsis The Innovation Illusion by : Fredrik Erixon

Download or read book The Innovation Illusion written by Fredrik Erixon and published by Yale University Press. This book was released on 2016-01-01 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Companies, entrepreneurs, and complexity -- Capitalism and economic dynamism -- What is wrong - the map or the reality? -- Technology and income - are they decoupling? -- Jobs and technology -- Innovation famine rather than innovation feast -- 9 THE FUTURE AND HOW TO PREVENT IT -- From corporate globalism to global corporatism -- The continued rise of regulatory uncertainty -- The "silver tsunami" for cash -- Future imperfect -- Preventing the future -- NOTES -- REFERENCES -- INDEX


The Money Illusion

The Money Illusion

Author: Scott Sumner

Publisher: University of Chicago Press

Published: 2023-05-06

Total Pages: 415

ISBN-13: 0226826562

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The first book-length work on market monetarism, written by its leading scholar. Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? It’s happened before. Just as Milton Friedman and Anna Schwartz led the economics community in the 1960s to reevaluate its view of what caused the Great Depression, the same may be happening now to our understanding of the first economic crisis of the 21st century. Foregoing the usual relitigating of problems such as housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays the groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.


Book Synopsis The Money Illusion by : Scott Sumner

Download or read book The Money Illusion written by Scott Sumner and published by University of Chicago Press. This book was released on 2023-05-06 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first book-length work on market monetarism, written by its leading scholar. Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? It’s happened before. Just as Milton Friedman and Anna Schwartz led the economics community in the 1960s to reevaluate its view of what caused the Great Depression, the same may be happening now to our understanding of the first economic crisis of the 21st century. Foregoing the usual relitigating of problems such as housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays the groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.


Capitalism

Capitalism

Author: Fred L. Block

Publisher: Univ of California Press

Published: 2018-05-04

Total Pages: 264

ISBN-13: 0520959078

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Virtually everyone—left, right, and center—believes that capitalist economies are autonomous, coherent, and regulated by their own internal laws. This view is an illusion. The reality is that economies organized around the pursuit of private profit are contradictory, incoherent, and heavily shaped by politics and governmental action. But the illusion remains hugely consequential because it has been embraced by political and economic elites who are convinced that they are powerless to change this system. The result is cycles of raised hopes followed by disappointment as elected officials discover they have no legitimate policy tools that can deliver what the public wants. In Capitalism, leading economic sociologist Fred L. Block argues that restoring the vitality of the United States and the world economy can be accomplished only with major reforms on the scale of the New Deal and the post–World War II building of new global institutions.


Book Synopsis Capitalism by : Fred L. Block

Download or read book Capitalism written by Fred L. Block and published by Univ of California Press. This book was released on 2018-05-04 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Virtually everyone—left, right, and center—believes that capitalist economies are autonomous, coherent, and regulated by their own internal laws. This view is an illusion. The reality is that economies organized around the pursuit of private profit are contradictory, incoherent, and heavily shaped by politics and governmental action. But the illusion remains hugely consequential because it has been embraced by political and economic elites who are convinced that they are powerless to change this system. The result is cycles of raised hopes followed by disappointment as elected officials discover they have no legitimate policy tools that can deliver what the public wants. In Capitalism, leading economic sociologist Fred L. Block argues that restoring the vitality of the United States and the world economy can be accomplished only with major reforms on the scale of the New Deal and the post–World War II building of new global institutions.


Life, Money and Illusion

Life, Money and Illusion

Author: Mike Nickerson

Publisher: New Society Publishers

Published: 2009-09-01

Total Pages: 464

ISBN-13: 9781550924411

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In recent years, unchecked growth has brought us to the brink of economic and environmental collapse. Life, Money & Illusion was inspired by the dilemma of having an economic structure that has to grow to remain healthy, while facing the finite limits of our planet. This revised and updated edition launches a review of economic expansion. It examines how growth came to be a goal and how that goal, though once beneficial, is now the propellant for catastrophe. Then, by showing how the economy can be restructured to remain within planetary limits, it points the way to a sustainable future. Life, Money & Illusion advocates change by shifting the dominant economic paradigm from growth to sustainability. Techniques include: Measuring progress with social and environmental indicators, along with economic ones Encouraging investment in community Practical changes, such as full cost accounting, tax shifting, and monetary reform Honoring the Golden Rule instead of the Rule of Gold Focusing more on living than on stuff An engaging and empowering vision of a future that celebrates humanity's extraordinary ability to adapt and evolve, Life, Money & Illusion will appeal to social activists, business people, students, environmentalists, financial planners, economists, parents, grandparents, and anyone else with a stake in the future. Mike Nickerson is an educator and the author of three books on sustainability. He helped draft the Canada Well-Being Measurement Act and lives in Ontario, Canada.


Book Synopsis Life, Money and Illusion by : Mike Nickerson

Download or read book Life, Money and Illusion written by Mike Nickerson and published by New Society Publishers. This book was released on 2009-09-01 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, unchecked growth has brought us to the brink of economic and environmental collapse. Life, Money & Illusion was inspired by the dilemma of having an economic structure that has to grow to remain healthy, while facing the finite limits of our planet. This revised and updated edition launches a review of economic expansion. It examines how growth came to be a goal and how that goal, though once beneficial, is now the propellant for catastrophe. Then, by showing how the economy can be restructured to remain within planetary limits, it points the way to a sustainable future. Life, Money & Illusion advocates change by shifting the dominant economic paradigm from growth to sustainability. Techniques include: Measuring progress with social and environmental indicators, along with economic ones Encouraging investment in community Practical changes, such as full cost accounting, tax shifting, and monetary reform Honoring the Golden Rule instead of the Rule of Gold Focusing more on living than on stuff An engaging and empowering vision of a future that celebrates humanity's extraordinary ability to adapt and evolve, Life, Money & Illusion will appeal to social activists, business people, students, environmentalists, financial planners, economists, parents, grandparents, and anyone else with a stake in the future. Mike Nickerson is an educator and the author of three books on sustainability. He helped draft the Canada Well-Being Measurement Act and lives in Ontario, Canada.


Economic Complexity and Equilibrium Illusion

Economic Complexity and Equilibrium Illusion

Author: Ping Chen

Publisher: Routledge

Published: 2010-04-05

Total Pages: 585

ISBN-13: 1136994874

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The Principle of Large Numbers indicates that macro fluctuations have weak microfoundations; persistent business cycles and interrupted technologies can be better characterized by macro vitality and meso foundations. Economic growth is limited by market extent and ecological constraints. The trade-off between stability and complexity is the foundation of cultural diversity and mixed economies. The new science of complexity sheds light on the sources of economic instability and complexity. This book consists of the major work of Professor Ping Chen, a pioneer in studying economic chaos and economic complexity. They are selected from works completed since 1987, including original research on the evolutionary dynamics of the division of labour, empirical and theoretical studies of economic chaos and stochastic models of collective behavior. Offering a new perspective on market instability and the changing world order, the basic pillars in equilibrium economics are challenged by solid evidence of economic complexity and time asymmetry, including Friedman’s theory of exogenous money and efficient market, the Frisch model of noise-driven cycles, the Lucas model of microfoundations and rational expectations, the Black-Scholes model of option pricing, and the Coase theory of transaction costs. Throughout, a general theory based on complex evolutionary economics is developed, which integrates different insights from Marx, Marshall, Schumpeter, Keynes and offers a new understanding of the evolutionary history of division of labour. This book will be of interest to postgraduates and researchers in Economics, including macroeconomics, financial economics, advanced econometrics and economic methodology.


Book Synopsis Economic Complexity and Equilibrium Illusion by : Ping Chen

Download or read book Economic Complexity and Equilibrium Illusion written by Ping Chen and published by Routledge. This book was released on 2010-04-05 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Principle of Large Numbers indicates that macro fluctuations have weak microfoundations; persistent business cycles and interrupted technologies can be better characterized by macro vitality and meso foundations. Economic growth is limited by market extent and ecological constraints. The trade-off between stability and complexity is the foundation of cultural diversity and mixed economies. The new science of complexity sheds light on the sources of economic instability and complexity. This book consists of the major work of Professor Ping Chen, a pioneer in studying economic chaos and economic complexity. They are selected from works completed since 1987, including original research on the evolutionary dynamics of the division of labour, empirical and theoretical studies of economic chaos and stochastic models of collective behavior. Offering a new perspective on market instability and the changing world order, the basic pillars in equilibrium economics are challenged by solid evidence of economic complexity and time asymmetry, including Friedman’s theory of exogenous money and efficient market, the Frisch model of noise-driven cycles, the Lucas model of microfoundations and rational expectations, the Black-Scholes model of option pricing, and the Coase theory of transaction costs. Throughout, a general theory based on complex evolutionary economics is developed, which integrates different insights from Marx, Marshall, Schumpeter, Keynes and offers a new understanding of the evolutionary history of division of labour. This book will be of interest to postgraduates and researchers in Economics, including macroeconomics, financial economics, advanced econometrics and economic methodology.