The World After GDP

Politics, Business and Society in the Post Growth Era

Author: Lorenzo Fioramonti

Publisher: John Wiley & Sons

ISBN: 1509529241

Category: Political Science

Page: 240

View: 2955

GDP is much more than a simple statistic. It has become the overarching benchmark of success and a powerful ordering principle at the heart of the global economy. But the convergence of major economic, social and environmental crises has exposed the flaws of our economic system which values GDP above all else as a measure of prosperity and growth. In this provocative and inspiring new book, political economist Lorenzo Fioramonti sets out his vision of a world after GDP. Focusing on pioneering research on alternative metrics of progress, governance innovation and institutional change, he makes a compelling case for the profound and positive transformations that could be achieved through a post-GDP system of development. From a new role for small business, households and civil society to a radical evolution of democracy and international relations, Fioramonti sets out a combination of top-down reforms and bottom-up pressures whose impact, he argues, would be unprecedented, making it possible to build a more equitable, sustainable and happy society.

Gross Domestic Problem

The Politics Behind the World's Most Powerful Number

Author: Doctor Lorenzo Fioramonti

Publisher: Zed Books Ltd.

ISBN: 1780322755

Category: Business & Economics

Page: 208

View: 5183

Gross domestic product is arguably the best-known statistic in the contemporary world, and certainly amongst the most powerful. It drives government policy and sets priorities in a variety of vital social fields - from schooling to healthcare. Yet for perhaps the first time since it was invented in the 1930s, this popular icon of economic growth has come to be regarded by a wide range of people as a 'problem'. After all, does our quality of life really improve when our economy grows 2 or 3 per cent? Can we continue to sacrifice the environment to safeguard a vision of the world based on the illusion of infinite economic growth? Lorenzo Fioramonti takes apart the 'content' of GDP - what it measures, what it doesn't and why - and reveals the powerful political interests that have allowed it to dominate today's economies. In doing so, he demonstrates just how little relevance GDP has to moral principles such as equity, social justice and redistribution, and shows that an alternative is possible, as evinced by the 'de-growth' movement and initiatives such as transition towns. A startling insight into the politics of a number that has come to dominate our everyday lives.

Postgrowth and Wellbeing

Challenges to Sustainable Welfare

Author: Milena Büchs,Max Koch

Publisher: Springer

ISBN: 3319599038

Category: Political Science

Page: 144

View: 7664

This book presents a detailed and critical discussion about how human wellbeing can be maintained and improved in a postgrowth era. It highlights the close links between economic growth, market capitalism, and the welfare state demonstrating that, in many ways, wellbeing outcomes currently depend on the growth paradigm. Here the authors argue that notions of basic human needs deserve greater emphasis in debates on postgrowth because they are more compatible with limits to growth. Drawing on theories of social practices, the book explores structural barriers to transitions to a postgrowth society, and ends with suggestions for policies and institutions that could support wellbeing in the context of postgrowth. This thought-provoking work makes a valuable contribution to debates surrounding climate change, sustainability, welfare states and inequality and will appeal to students and scholars of social policy, sociology, political science, economics, political ecology and human geography.

The End of Growth

Adapting to Our New Economic Reality

Author: Richard Heinberg

Publisher: New Society Publishers

ISBN: 1550924834

Category: Business & Economics

Page: 208

View: 4496

Economics has failed us . . . but there is life after growth!

Pathways to a Sustainable Economy

Bridging the Gap between Paris Climate Change Commitments and Net Zero Emissions

Author: Moazzem Hossain,Robert Hales,Tapan Sarker

Publisher: Springer

ISBN: 3319677020

Category: Science

Page: 225

View: 879

The focus of this edited volume is to identify challenges facing organizations in achieving zero greenhouse gas emissions by 2050 and a new energy economy, and to explore solutions from various sectors of the economy to enable the transition to a zero emissions future. Research presented here is divided into three parts, with an introductory statement on growth and sustainability. Part one discusses strategies towards a sustainable economy under a zero emissions goal. Part two contains industry specific case studies focusing on construction and related activities. Part three is devoted to country specific case studies from the Asia-Pacific region. Each of the chapters address one or more of the following issues: restoration, mitigation, adaptation and/or promoting resilience in the face of climate change as part of achieving a sustainable economy. The volume is multi-disciplinary in nature, drawing on various disciplines in social science, business, environment and policy, and will be of interest to UN development agencies, academic institutions, government policy makers, NGOs and business leaders.

Another Economy is Possible

Culture and Economy in a Time of Crisis

Author: Manuel Castells

Publisher: John Wiley & Sons

ISBN: 1509517243

Category: Social Science

Page: 224

View: 4988

Throughout the Western world, governments and financial elites responded to the financial crisis of 2008 by trying to restore the conditions of business as usual, but the economic, social and human damage inflicted by the crisis has given rise to a reconsideration of the inevitability of unfettered capitalism as a fact of life. A number of economic practices and organizations emerged in Europe and the United States that embodied alternative values: the value of life over the value of money; the effectiveness of cooperation over cut-throat competition; the social responsibility of corporations and responsible regulation by governments over the short-term speculative strategies that brought the economy to the brink of catastrophe. This book examines the blossoming of innovative new experiments in organizing work and life that emerged in the wake of the financial crisis: cooperatives, barter networks, ethical banking, community currencies, shared time banks, solidarity networks, sharing of goods, non-monetary transactions, etc., experiments that paved the way for the emergence of a sharing economy in all domains of activity oriented toward the satisfaction of human needs. Other innovations included the creation of cryptographic virtual currencies, epitomized by bitcoin, which blended a libertarian, entrepreneurial spirit with information technology to provide an alternative to standard forms of currency. On the basis of a cross-cultural analysis of alternative economic practices, this book develops an important theoretical argument: that the economy, as a human practice, is shaped by culture, and that the diversity of cultures, as revealed in a time of crisis, implies the possibility of different economies depending on the values and power relations that define economic institutions. This book will be of great interest to students and scholars in sociology, economics and the social sciences generally, and to anyone who wishes to understand how our societies and economies are changing today.

The Rise and Fall of Nations: Forces of Change in the Post-Crisis World

Author: Ruchir Sharma

Publisher: W. W. Norton & Company

ISBN: 0393248909

Category: Political Science

Page: 352

View: 1087

International Bestseller "Quite simply the best guide to the global economy today." —Fareed Zakaria Shaped by his twenty-five years traveling the world, and enlivened by encounters with villagers from Rio to Beijing, tycoons, and presidents, Ruchir Sharma’s The Rise and Fall of Nations rethinks the "dismal science" of economics as a practical art. Narrowing the thousands of factors that can shape a country’s fortunes to ten clear rules, Sharma explains how to spot political, economic, and social changes in real time. He shows how to read political headlines, black markets, the price of onions, and billionaire rankings as signals of booms, busts, and protests. Set in a post-crisis age that has turned the world upside down, replacing fast growth with slow growth and political calm with revolt, Sharma’s pioneering book is an entertaining field guide to understanding change in this era or any era.

Growth Fetish

Author: Clive Hamilton

Publisher: Allen & Unwin

ISBN: 1741150949

Category: Social Science

Page: 262

View: 2296

Accessible critique of Western society under capitalism by leading scholar.

The Future of Everything

Big, audacious ideas for a better world

Author: Tim Dunlop

Publisher: NewSouth

ISBN: 1742244327

Category: Science

Page: 352

View: 2346

‘A powerful and realistic message of hope for the future’ - Professor John Quiggin, University of Queensland We are in the middle of the greatest technological revolution in history. Its epicentre lies in Silicon Valley, but its impacts are felt in all corners of the earth. It could give all of us a better quality of life and new, more cooperative ways of living. Or it could further entrench inequality, with even more of the world’s wealth in the hands of a few. This book offers a bold vision for ensuring that we achieve the former. A world that is fairer, less violent and most radical of all, more joyous. Tim Dunlop spells out his ideas for reclaiming common ground systematically, arguing the case for more public ownership of essential assets, more public space, a transparent media system, and an education that prepares us for the future, not the past. His vision for democracy and society is practical and inspiring, based on ideas about what we are doing well and what we must do better. His is a vision for handing political power back to we-the-people so that we can stop playing defence and start changing the ground on which decisions about our lives are made. Welcome to the future of everything….

Economic Growth in the 1990s

Learning from a Decade of Reform

Author: Roberto Zagha,Gobind T. Nankani,World Bank

Publisher: World Bank Publications

ISBN: 9780821360439

Category: Business & Economics

Page: 364

View: 2721

This report was prepared by a team led by Roberto Zagha, under the general direction of Gobind Nankani.

Life After Growth (2nd)

How the global economy really works - and why 200 years of growth are over

Author: Tim Morgan

Publisher: Harriman House Limited

ISBN: 0857195565

Category: Business & Economics

Page: 192

View: 3026

NEW EDITION WITH ADDITIONAL INTRODUCTION AND END NOTE FROM THE AUTHOR Why, years after the banking crisis, is the global economy still mired in recession and burdened by enormous debts? Why have the tried-and-tested economic policies of the past failed us this time? In Life After Growth, leading City analyst Tim Morgan sets out a ground-breaking analysis of how the economy really works. Economists are mistaken, he argues, when they limit their interpretation of the economy to matters of money. Ultimately, the economy is an energy system, not a monetary one. From this, it follows that we need to think in terms of two economies, not one - a 'real' economy of work, energy, resources, goods and services, and a parallel, 'financial' economy of money and debt. These two economies have parted company, allowing the financial economy to pile up promises that the real economy cannot meet. Starting with the discovery of agriculture, Tim Morgan traces the rise of the economy in terms of work, energy and resources. The driving factor, he explains, has been cheap and abundant energy. As energy has become increasingly costly to obtain, the potential for prosperity has diminished, to the point where growth in the real economy has ceased. An immediate problem is that our commitments - including debt, investments and welfare promises - cannot be honoured, which means that we can expect the financial system to be wracked by value destruction. At the same time, we need to adapt to a future in which prosperity can no longer be taken for granted.

The Growth Delusion

Wealth, Poverty, and the Well-Being of Nations

Author: David Pilling

Publisher: Tim Duggan Books

ISBN: 052557252X

Category: Business & Economics

Page: 304

View: 9356

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.

Doughnut Economics

Seven Ways to Think Like a 21st-Century Economist

Author: Kate Raworth

Publisher: Chelsea Green Publishing

ISBN: 160358675X

Category: Business & Economics

Page: 320

View: 7474

A Financial Times "Best Book of 2017: Economics” 800-CEO-Read “Best Business Book of 2017: Current Events & Public Affairs” Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times. Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike. That’s why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does. Along the way, she points out how we can break our addiction to growth; redesign money, finance, and business to be in service to people; and create economies that are regenerative and distributive by design. Named after the now-iconic “doughnut” image that Raworth first drew to depict a sweet spot of human prosperity (an image that appealed to the Occupy Movement, the United Nations, eco-activists, and business leaders alike), Doughnut Economics offers a radically new compass for guiding global development, government policy, and corporate strategy, and sets new standards for what economic success looks like. Raworth handpicks the best emergent ideas—from ecological, behavioral, feminist, and institutional economics to complexity thinking and Earth-systems science—to address this question: How can we turn economies that need to grow, whether or not they make us thrive, into economies that make us thrive, whether or not they grow? Simple, playful, and eloquent, Doughnut Economics offers game-changing analysis and inspiration for a new generation of economic thinkers.

The Moral Consequences of Economic Growth

Author: Benjamin M. Friedman

Publisher: Vintage

ISBN: 0307773450

Category: Business & Economics

Page: 592

View: 6642

From the author of Day of Reckoning, the acclaimed critique of Ronald Reagan’s economic policy (“Every citizen should read it,” said The New York Times): a persuasive, wide-ranging argument that economic growth provides far more than material benefits. In clear-cut prose, Benjamin M. Friedman examines the political and social histories of the large Western democracies–particularly of the United States since the Civil War–to demonstrate the fact that incomes on the rise lead to more open and democratic societies. He explains that growth, rather than simply a high standard of living, is key to effecting political and social liberalization in the third world, and shows that even the wealthiest of nations puts its democratic values at risk when income levels stand still. Merely being rich is no protection against a turn toward rigidity and intolerance when a country’s citizens lose the sense that they are getting ahead. With concrete policy suggestions for pursuing growth at home and promoting worldwide economic expansion, this volume is a major contribution to the ongoing debate about the effects of economic growth and globalization. From the Trade Paperback edition.

The Great Stagnation

How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton

Author: Tyler Cowen

Publisher: Penguin

ISBN: 1101502258

Category: Business & Economics

Page: 71

View: 9169

Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America’s economic malaise. America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, media wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters that the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, the low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That's it. That is what has gone wrong and that is why our politics is crazy. In The Great Stagnation, Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect of scientific innovations that benefit not only the powerful elites, but humanity as a whole.

The End of Progress

How Modern Economics Has Failed Us

Author: Graeme Maxton

Publisher: John Wiley & Sons

ISBN: 0470830018

Category: Business & Economics

Page: 256

View: 4362

A cold, hard look at how modern economics has failed us and why we need a new measure of progress Modern economics has fallen short. It has widened the gap between rich and poor. It has not allocated the world's resources fairly. It has brought the West to the brink of financial ruin. It has placed short-term gain before long-term progress. And it has made us focus on the individual, not the society. The end result is a worldwide financial crisis of epic proportions and a planet being scraped clean of the resources needed by future generations, and things are only getting worse. In The End of Progress: How Modern Economics Has Failed Us popular economist Graeme Maxton looks at what went wrong, and what we can do to get ourselves back on track. During the Age of Enlightenment society flourished, propelled by the wonder of new discoveries, radical ideas for economic and social development, and a sense that we all had a responsibility to improve our world. It's time to get back to those ideals, step back and examine our values, and work out what humankind really needs. Presents a chilling look at our current financial system along with a compelling argument for what we need to change Argues for new measures of progress that emphasize what really matters, not personal greed Offers a timely look at our broken society and where we're headed next A thought-provoking, informative book, The End of Progress looks at what got us into our present mess, and shines light onto the road ahead.