The New Economics: A Bigger Picture
Economics sometimes seems to be stacked against social, environmental and individual well-being. But it doesn't have to be like this. A new approach to economics - deriving as much from Ruskin and Schumacher as from Keynes or Smith - has begun to emerge. Skeptical about money as a measure of success, this new economics turns our assumptions about wealth and poverty upside down. It shows us that real wealth can be measured by increased well-being and environmental sustainability rather than just having and consuming more things. This book is the first accessible and straightforward guide to the new economics. It describes the problems and bizarre contradictions in conventional economics as well as the principles of the emerging new economics, and it tells the real-world stories of how new economics is being successfully put into practice around the world. An essential guide to understanding new economics for all those who care about making economics work for people and planet.
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Chapter 1 The Economic Problem
A Brief History of the New Economics
Why Did an Apparently Poor Pacific Island Hit the Top of the Happy Planet Index?
Why did China Pay for the Iraq War?
Why has London Traffic Always Travelled at 12mph?
Why do Modern Britons Work Harder than Medieval Peasants?
Why are Cuban Mechanics the Best in the World?
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Andrew Simms Ann Pettifor aspects assets assumptions basic billion cent century Chapter circulation cities classical economics Co-production companies complementary currencies conventional economics core economy corporations cost create crisis currencies David Boyle debt developing countries E. F. Schumacher ecological Ecological Debt economic system Economics Foundation economists effect emerging energy environmental ethical example farmers financial system fossil fuels global growth Happy Planet Index Herman Daly human idea impact income increasingly infrastructure institutions interdependence investment Jane Jacobs John Maynard Keynes Keynes kind lending lives loans London look mainstream markets massive means measure mortgages neighbourhood paid people’s policy makers poorest poverty problem programme public services recycling reduce rise Schumacher sector social capital spending sub-prime success supermarkets sustainable trade underpin Vanuatu wealth well-being World Bank