The Wealth of Nature: Economics as if Survival Mattered

The Wealth of Nature: Economics as if Survival Mattered

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by John Michael Greer

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Nature-centered economics for the age of peak oilSee more details below


Nature-centered economics for the age of peak oil

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Library Journal
In his September 2, 2009, New York Times column, Nobel Prize-winning economist Paul Krugman asked, "How Did Economists Get It So Wrong?" That question embodied the soul-searching within economics that followed the field's admitted spectacular failure to foresee and prevent the recent financial crisis known as the Great Recession. Greer (The Long Descent: A User's Guide to the End of the Industrial Age) takes the foibles of modern macroeconomics as his jumping-off point for what turns out to be largely a critique of contemporary society's organization, use, and management of natural resources. Drawing heavily on the work of E.F. Schumacher, Greer's central thesis is that we don't adequately value natural resources and irresponsibly consume them. He also explores the inevitable depletion of fossil fuels, the evils of money and the viability of other types of nonmoney economies, and the potential danger of excessive faith in technological progress. VERDICT While providing a handy summary of many concepts popular in "alternative economics," this book is not particularly engaging, although the going green/environmental crowd might get behind Greer's arguments.—Steve Wilson, Dayton Metro Lib., OH

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New Society Publishers
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6.00(w) x 8.90(h) x 0.90(d)

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