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, Herman Daly

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Overview

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.

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: 9781550925265
Publisher: New Society Publishers
Publication date: 04/26/2013
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 384
File size: 5 MB

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

Chapter 1. "It’s the Economy, Stupid!"

Chapter 2. Good Growing Gone Bad

Chapter 3. Classical Economics: Dealing with the Dismal

Chapter 4. “Neoclassical” Economics: Dealing with the Devil

Chapter 5. Growth Theory: Not of This Earth

Chapter 6. Ecological Economics Comes of Age

Chapter 7. Don’t Sell the Farm: The Trophic Theory of Money

Chapter 8. Technological Progress and Less-Brown Growth

Chapter 9. “What Have You Done for Growth Today?”

Chapter 10. Hummer Haters: The Steady State Revolution Revisited

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






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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.