When I grew up I assumed growth is good. Tomatoes grow, so do people—and economies too? Certainly, recessions were bad: many workers were made ‘redundant’. But as we grew older we noticed that growth continued yet people’s lives were getting harder. Looking back, the 1970s in Britain appears a golden age: almost everyone had plenty to eat, society was relatively equal, and all to a soundtrack of fabulous music. With climate change and other environmental threats it’s getting more obvious with each passing season that a global social transformation is required. These are the questions that have driven my own research, on climate politics, growth ideology, and technology fetishism.
On my shelf, there are many outstanding books on degrowth—by Giorgos Kallis, Jason Hickel, and others. But one with the most coffee stains is this one.
I dip into it often because it covers all the angles. And it begins to tackle the ultimate question: If economic growth is trashing the planet, and if growth is the engine of capitalism, then what could come after?
Economic growth isn't working, and it cannot be made to work. Offering a counter-history of how economic growth emerged in the context of colonialism, fossil-fueled industrialization, and capitalist modernity, The Future Is Degrowth argues that the ideology of growth conceals the rising inequalities and ecological destructions associated with capitalism, and points to desirable alternatives to it. Not only in society at large, but also on the left, we are held captive by the hegemony of growth. Even proposals for emancipatory Green New Deals or postcapitalism base their utopian hopes on the development of productive forces, on redistributing the fruits of…
While my childhood in a coastal community in South Africa contributed to my deep appreciation and love for nature, I was born and grew up as a person of colour in the apartheid era when barricades divided humans, the land, and the sea. I developed a profound understanding, rooted in my lived experience, of the interlinkages between justice, equity, and sustainability. I've remained actively involved and interested in developing and profiling transformative and inclusive approaches to sustainability from community to the international level. I've maintained this focus on the nexus between climate, nature, and inequality throughout my career, where I've led transformative and inclusive approaches to nature and climate policy and practice for 20+ years.
The book deals with the challenge of growth – how the South African economy needs to find a way to grow, and adopt policy choices and pathways that can help the country transition from a fossil fuel-intensive economy to a green economy, that is resource efficient, climate resilient, and equitable.
It grapples with the social complexity of post-apartheid South Africa and why a transition to a green economy in South Africa must be just transition.
This book examines issues ranging from global and domestic climate change and sustainable energy issues to the mineral-energy complex issues that have given rise to local and sector-specific problems. Each chapter seeks to convey policy choices and recommendations, at the centre of which is a clear articulation of the need for an integrated mix of policy instruments in South Africa to mitigate emissions and promote the development of a low-carbon economy through the low-carbon and sustainable energy technologies and low-carbon innovation across various sectors of the economy. The central theme of the book is that discourse and policy action on…
AO: I have been intrigued by the Adam and smith (a play on Adam Smith’s name due to K. Boulding) of social sciences ever since, as a graduate student, I was given the privilege to teach a history-of-thought course. I found a lot of wisdom in Smith’s works and continue to find it with every new read. BW: I first met Adam Smith when I was studying for my master’s degree in economics almost twenty years ago. Since then, I have enjoyed rereading him, always finding new sources of fascination and insights. For me, Smith's work is endlessly rich and remains astonishingly topical, three centuries after his birth.
Smith is generally considered as the father of economics, laying its foundations in the eighteenth century.
But he can also be an inspiration for rethinking economics (providing more realistic assumptions about human conduct) and laboratory experiments in the twenty-first century, helping us to build a new “Humanomics” (see also McCloskey’s two books on this subject). That’s what Vernon Smith (Nobel Prize in Economics in 2002) and Bart Wilson convincingly argue for in their uncommon and innovative book. Smith is still alive (and well alive) today.
While neo-classical analysis works well for studying impersonal exchange in markets, it fails to explain why people conduct themselves the way they do in their personal relationships with family, neighbors, and friends. In Humanomics, Nobel Prize-winning economist Vernon L. Smith and his long-time co-author Bart J. Wilson bring their study of economics full circle by returning to the founder of modern economics, Adam Smith. Sometime in the last 250 years, economists lost sight of the full range of human feeling, thinking, and knowing in everyday life. Smith and Wilson show how Adam Smith's model of sociality can re-humanize twenty-first century…
Bill Poorvu is a successful real estate investor and developer who for 35 years headed the real estate program at Harvard Business School, where he taught several generations of students, many of whom went on to become industry leaders. He is also one of the founders of the Baupost Group, a Boston-based investment firm that is considered one of the savviest hedge funds in the world, with some $30 billion in assets under management.
Successful real estate investment and development is in part the result of understanding an economic contextand taking the long view. Toward those ends, there’s no better jumping-off point than Ray Dalio's historical review of the economic “Big Cycle” that has determined the success and failure of nations and economic systems over the past several centuries. And by the way, Ray knows what he’s talking about: his Bridgewater Associates is the world’s largest hedge fund.
“A provocative read...There are few tomes that coherently map such broad economic histories as well as Mr. Dalio’s. Perhaps more unusually, Mr. Dalio has managed to identify metrics from that history that can be applied to understand today.” —Andrew Ross Sorkin, The New York Times
From legendary investor Ray Dalio, author of the #1 New York Times bestseller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically…
The Spirit of Capitalism: Nationalism and Economic Growth is the second volume of my nationalism trilogy. When I published the first volume,Nationalism: Five Roads to Modernity, the accepted view on the subject of nationalism was that it is a product of economic development, specifically, of industrialization and capitalism. On the basis of historical evidence, I proved that its emergence had nothing to do with these economic phenomena: in fact, it preceded both. Reviews of Nationalism, noting that, for this reason, economic developments could not have caused nationalism, raised the question what relationship, then, did exist between nationalism and the economy, and this led me to investigate it.
This book is a rare attempt by an eminent economic historian to examine cultural determinants of economic growth and answer the question whyit happens, which distinguishes it sharply from the discipline’s exclusive focus on how it proceeds.
Landes, in other words, disentangles the explanation of causes from the preoccupation with the process, which is why I recommend this book.
Now that the old division of the world into the two power blocs of East and West has subsided, the great gap in wealth and health that separates North and South remains the single greatest problem and danger facing the world of the Third Millennium. The only challenge of comparable scope and difficulty is the threat of the environmental deterioration, and the two are intimately connected, indeed are one. David Landes argues that the North-South division is the great drama of our times, and that drama implies tension, passion, conflict and disappointment as well as happy outcomes. While Landes does…
As Nobel prize-winning economist Robert Lucas put it, "Once you start thinking about economic growth, it's hard to think about anything else." That's why I am eager to share the best books on economic development with you! I am a Senior Economist at the World Bank, the world's premier development institution. Over the years, I have developed a deep interest in what makes countries prosper, have published extensively on the topic in academic journals, and earned a PhD in Economics along the way. As a development practitioner, I have been supporting sustainable growth across the globe, with working experience in the Caribbean, Africa, and the Pacific.
In a captivating journey from the dawn of human existence to the present, Oded Galor offers a fascinating tale of why some nations have developed while others haven't.
The book explains how technology, family size, and adaptation led to a profound change in human history, with the Industrial Revolution as the turning point. The fundamental forces driving the explosion of per capita prosperity (in some nations) can be traced back to sound political institutions, conducive cultural traits, and an 'optimal' ethnic diversity that followed from the dispersal of modern humans out of Africa some 70,000 years ago.
I was struck by how the author brought together a wide variety of research on growth and development in a coherent framework.
This breakthrough scientific masterwork - and INTERNATIONAL BESTSELLER - reveals the underlying forces that have shaped human history and will secure our future...
'Masterful. Galor answers the ultimate mystery' Lewis Dartnell
The stunning advances that have transformed human experience in recent centuries are no accident of history - they are the result of universal and timeless forces, operating since the dawn of our species. Drawing on a lifetime's scientific investigation, Oded Galor's ground-breaking new vision overturns a host of long-held assumptions to reveal the deeper causes that have shaped the journey of humanity:
Education rather than industrialisation Family size and…
Rex Weyler is a writer and ecologist. His books include Blood of the Land, a history of indigenous American nations, nominated for a Pulitzer Prize; Greenpeace: The Inside Story, a finalist for the BC Book Award and the Shaughnessy-Cohen Award for Political Writing; and The Jesus Sayings, a deconstruction of first-century history, a finalist for the BC Book Award. In the 1970s, Weyler was a co-founder of Greenpeace International and editor of the Greenpeace Chronicles. He served on campaigns to preserve rivers and forests, and to stop whaling, sealing, and toxic dumping.
Want solutions? Start with our failed economic system. Daly, a World Bank senior economist, examines the economic restructuring necessary to live on a finite planet. He corrects the errors of classic economics by showing that a human economy is a subsystem embedded in a finite, fragile ecosystem, maintained by extracting limited resources and exporting waste. A steady-state economy accounts for the limits of both resources and waste.
First published in 1977, this volume caused a sensation because of Daly's radical view that "enough is best." Today, his ideas are recognized as the key to sustainable development, and Steady-State Economics is universally acknowledged as the leading book on the economics of sustainability.
I fell in love with Latin America as I meandered around Mexico in the summer of 1969. The passion has never died. Within a year I walked into Brazil’s ‘wild west’ to research the violence along its moving frontier, while over fifty years later I am an emeritus professor of Latin American politics at the University of Oxford and an honorary professor at the University of Exeter. An early decision to look at politics from the ‘bottom up’ led to a life-long inquiry into the theory and practice of democracy, and the publication of many essays and books that are available to view on my Amazon author page.
The author list combines a leading sociological theorist, a premier scholar of Latin American political economy, and a sophisticated practitioner of statistical analysis who between them have written one of the great classical works on Latin American economy and democracy.
The book itself combines a rounded theoretical approach, a comparative framework that extends to Europe and North America, and a thorough grounding in Latin American history. Though published some thirty years ago, it remains a must-read for those trying to get to grips with Latin American democracy.
How are capitalism and democracy related? Does capitalist development today generate pressures for democratization in the same way it did earlier in the core countries of capitalism? Past research has come to divergent conclusions on these questions. Cross-national statistical research has found that capitalist development and democracy are consistently correlated. By contrast, comparative historical studies have argued that economic development and democracy was and is compatible with a variety of political forms, and that in some cases economic development imperatives have led to the authoritarian eclipse of political competition, and that the chances of democracy in developing countries are rather…
Ilya Somin is a Professor of Law at George Mason University. He is the author of Free to Move: Foot Voting, Migration, and Political Freedom, Democracy and Political Ignorance: Why Smaller Government is Smarter, and The Grasping Hand: Kelo v. City of New London, and the Limits of Eminent Domain. Somin has also published articles in a variety of popular press outlets, including The Washington Post, Wall Street Journal, Los Angeles Times, CNN, The Atlantic, and USA Today. He is a regular contributor to the popular Volokh Conspiracy law and politics blog, affiliated with Reason.
Perhaps the strongest argument against expanded migration rights is the fear that too many of the “wrong” kind of immigrants might kill the goose the laid the golden egg that makes a country attractive to migrants in the first place. If immigrants have harmful cultural values, vote for dangerous political leaders, or otherwise undermine the political and economic system, they could degrade the host nation’s institutions. In the extreme case, they might even replicate the same awful conditions that led them to flee their country of origin. Wretched Refuse is the most thorough analysis and refutation of such concerns. Nowrasteh and Powell use both historical and modern evidence to show that institutional concerns about immigration are largely misplaced and that migrants strengthen liberal democracy far more than they undermine it.
Economic arguments favoring increased immigration restrictions suggest that immigrants undermine the culture, institutions, and productivity of destination countries. But is this actually true? Nowrasteh and Powell systematically analyze cross-country evidence of potential negative effects caused by immigration relating to economic freedom, corruption, culture, and terrorism. They analyze case studies of mass immigration to the United States, Israel, and Jordan. Their evidence does not support the idea that immigration destroys the institutions responsible for prosperity in the modern world. This nonideological volume makes a qualified case for free immigration and the accompanying prosperity.
As Nobel prize-winning economist Robert Lucas put it, "Once you start thinking about economic growth, it's hard to think about anything else." That's why I am eager to share the best books on economic development with you! I am a Senior Economist at the World Bank, the world's premier development institution. Over the years, I have developed a deep interest in what makes countries prosper, have published extensively on the topic in academic journals, and earned a PhD in Economics along the way. As a development practitioner, I have been supporting sustainable growth across the globe, with working experience in the Caribbean, Africa, and the Pacific.
I found this book to be a brilliant analysis of how nations can achieve peace and development, stressing the importance of political institutions.
With mathematical precision, quite literally, the book nicely illustrates the fundamental drivers of development: inclusive political institutions and a shared belief in the common good. The absence of those elements can explain the existence of very different development clusters in fragile states that are troubled by poverty, violence, and weak state capacity.
I feel the book does an excellent job of disentangling deeper causes from symptoms of underdevelopment.
"Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data, this book reinterprets Smith's pillars of prosperity to explain the existence of development clusters - places that tend to combine effective state institutions, the absence of political violence, and high per-capita incomes.…
