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

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

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Overview

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

THE STEADY STATE REVOLUTION — NAVIGATING THE END OF ECONOMIC GROWTH

Supply Shock clearly describes the heart of what ails us—a zombie-like addiction to economic growth everywhere at all costs. Brian Czech brilliantly dissects the economic theories, models, and mindsets that are diminishing the human prospect while calling it “progress”. … King Midas would have understood the point, as we will someday.
— David W. Orr, Paul Sears Distinguished Professor of Environmental Studies and Politics, and Senior Adviser to the President, Oberlin College

… it’s evident that Czech has mastered the art of melding science, economics,
policy and politics in one readable piece. Supply Shock belongs in the classroom, boardroom, town halls and policy circles.

— Herman Daly, from the foreword

Politicians , economists , and Wall Street would have us believe that limitless expansion is the Holy Grail, and that there is no conflict between growing the economy and protecting the environment. Supply Shock debunks this widely accepted myth, leaving no doubt that the biggest idea of the 20th century – economic growth – has now become the biggest problem of the 21st.

Starting with a refreshingly accessible, comprehensive critique of “the dismal science”, author Brian Czech develops a compelling argument for a steady state economy. Whereas many works of economic thought can be dry and boring, Supply Shock succeeds at engaging readers while conveying 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 policy objectives designed to ease the transition
    to life after growth.

    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 to mitigate the damage. Czech’s vision of “steady statesmanship” is impressive and convincing, and this book easily qualifies as one of the key manuals for those who care about the world and its inhabitants.
    — Lynn Gree nwalt, former director, U.S. Fish and Wildlife Service

    An old economic world is dying, and a new economic world is being born.
    Brian Czech is one of the visionaries…

    — Governor Rich ard D. Lamm

    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.

  • Product Details

    ISBN-13: 9780865717442
    Publisher: New Society Publishers
    Publication date: 05/28/2013
    Pages: 400
    Product dimensions: 6.00(w) x 8.90(h) x 1.20(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.

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    Supply Shock: Economic Growth at the Crossroads and the Steady State Solution 5 out of 5 based on 0 ratings. 1 reviews.
    MegBetz More than 1 year ago
    I really enjoyed this book. I've read books on the notion of the steady state in the past, and I felt they were either overly simplistic or not good reads for the uninitiated. This book begins with an overview of our economy's history and then provides an in-depth discussion of the steady state that works well for those at any stage of familiarity with the idea. This book made me feel more comfortable discussing the steady state in class, where my students engage with the concept of the commons and alternate economies. It also provides interesting bits that are able to slip into casual conversation and open up new conversations about economics with people who may not want to read a whole book about it. I really valued what this book offered to my understanding of economics and the steady state.