Supply Shock: Economic Growth at the Crossroads and the Steady State Solution

Supply Shock: Economic Growth at the Crossroads and the Steady State Solution

by Brian Czech
Supply Shock: Economic Growth at the Crossroads and the Steady State Solution

Supply Shock: Economic Growth at the Crossroads and the Steady State Solution

by Brian Czech


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Politicians, economists, and Wall Street would have us believe that limitless economic expansion is the Holy Grail, and that there is no conflict between growing the economy and protecting the environment. Supply Shock debunks these widely accepted myths and demonstrates that we are in fact navigating the end of the era of economic growth, and that the only sustainable alternative is the development of a steady state economy.

Starting with a refreshingly accessible, comprehensive critique of economic growth, the author engages readers in an enormous topic that affects everyone in every country. Publishers Weekly favorably compared Brian Czech to Carl Sagan for popularizing their difficult subjects; Supply Shock shows why.

Czech presents a compelling alternative to growth based on keen scientific, economic, and political insights including:

  • The "trophic theory of money"
  • The overlooked source of technological progress that prevents us from reconciling growth and environmental protection
  • Bold yet practical policies for establishing a steady state economy
  • Supply Shock leaves no doubt that the biggest idea of the twentieth century-economic growth-has become the biggest problem of the twenty-first. Required reading for anyone concerned about the world our children and grandchildren will inherit, this landmark work lays a solid foundation for a new economic model, perhaps in time for preventing global catastrophes; certainly in time for lessening the damages.

    Product Details

    ISBN-13: 9781732993327
    Publisher: Steady State Press
    Publication date: 08/30/2021
    Pages: 386
    Product dimensions: 6.00(w) x 9.00(h) x 0.86(d)

    About the Author

    Brian Czech is the founder of Center for the Advancement of the Steady State Economy (CASSE), the leading organization promoting the transition from unsustainable growth to a new economic paradigm. CASSE was named the Best Green Think Tank of 2011 by Treehugger. Brian’s background is in ecology, conservation biology, and economics, and together with colleagues from several professional scientific societies, he crafted a position statement on economic growth that has been signed by nearly 10,000 individuals and endorsed by hundreds of progressive organizations.

    Herman Daly was a senior economist with the World Bank in the 1980’s and 90’s. He has served on the boards of directors of numerous environmental organizations, and is a cofounder and associate editor of the journal Ecological Economics. He is the author of many articles about economic development as it relates to population, resources and the environment, as well as numerous books, including Toward a Steady-State Economy, Beyond Growth, and Steady-State Economics.

    Table of Contents

    Foreword Herman Daly ix

    Preface xiii

    Part 1 Economic Growth at the Crossroads

    1 It Really Is the Economy, "Stupid!" 3

    2 Good Growing Gone Bad 23

    Part 2 The Dismal Science Comes Unhitched

    3 Classical Economics: Dealing with the Dismal 51

    4 "Neoclassical" Economics: Dealing with the Devil 75

    5 Not of This Earth 117

    Part 3 Economics for a Full World

    6 Ecological Economics Comes of Age 137

    7 Don't Sell the Farm: The Trophic Theory of Money 171

    8 Technological Progress and Less-Brown Growth 195

    Part 4 Politics and Policy: The Horse Before the Cart

    9 "What Have You Done for Growth Today?" 225

    10 Hummer Haters: The Steady State Revolution Revisited 259

    11 A Call for Steady Statesmen: Policies for a Full-World Economy 275

    Notes 329

    Literature Cited 347

    Index 359

    About the Author 367

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