Details

The End of Progress


The End of Progress

How Modern Economics Has Failed Us
1. Aufl.

von: Graeme Maxton

22,99 €

Verlag: Wiley
Format: PDF
Veröffentl.: 04.08.2011
ISBN/EAN: 9780470830000
Sprache: englisch
Anzahl Seiten: 256

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Beschreibungen

<b>A cold, hard look at how modern economics has failed us and why we need a new measure of progress</b> <p> Modern economics has fallen short. It has widened the gap between rich and poor. It has not allocated the world's resources fairly. It has brought the West to the brink of financial ruin. It has placed short-term gain before long-term progress. And it has made us focus on the individual, not the society. The end result is a worldwide financial crisis of epic proportions and a planet being scraped clean of the resources needed by future generations, and things are only getting worse. In <i>The End of Progress: How Modern Economics Has Failed Us</i> popular economist Graeme Maxton looks at what went wrong, and what we can do to get ourselves back on track.</p> <p> During the Age of Enlightenment society flourished, propelled by the wonder of new discoveries, radical ideas for economic and social development, and a sense that we all had a responsibility to improve our world. It's time to get back to those ideals, step back and examine our values, and work out what humankind really needs.</p> <ul> <li>Presents a chilling look at our current financial system along with a compelling argument for what we need to change</li> <li>Argues for new measures of progress that emphasize what really matters, not personal greed</li> <li>Offers a timely look at our broken society and where we're headed next</li> </ul> <p> A thought-provoking, informative book, <i>The End of Progress</i> looks at what got us into our present mess, and shines light onto the road ahead.</p>
<b>Acknowledgments xiii</b> <p><b>1 It’s About You—You Are Responsible Too 1</b></p> <p>Part 1 Our Belief in The Free Market Failed Us 9</p> <p><b>2 Too Much Choice, Too Little Restraint 11</b></p> <p>Fetch the Tool Box 11</p> <p>Economics Is Not Rocket Science: It Is Not Even Science 16</p> <p>How Has Economics Failed Us? Let Me Count the Ways 17</p> <p>A DVD Player Should Cost More than Lunch 19</p> <p>For Richer and Poorer 20</p> <p><b>3 A Broken Financial System 23</b></p> <p>Consumption, Not Love, Was the Drug 23</p> <p>How Far Is Down? 26</p> <p>Consumer Debt 27</p> <p>Bank Debt 32</p> <p>Government Debt 39</p> <p><b>4 Squandering Our World 47</b></p> <p>Who Owns the World’s Resources? 47</p> <p>You Don’t Like These Principles? I Have Others 50</p> <p>We’ll Know What It’s Worth When It’s Gone 51</p> <p>Our Rare Earth 52</p> <p>Seven Billion into Water Won’t Go 54</p> <p><i>Laissez-Faire</i>, No Thanks 55</p> <p><b>5 The Damaging Power of Me 61</b></p> <p>Me, Myself, I 61</p> <p>The Retreat of Conservatism 63</p> <p><i>Kiasu</i>. Bless You 64</p> <p>Greed Is Not Good, Gordon 65</p> <p>Part 2 Running Blind—We Are Poorly Equipped to Deal with These Challenges 69</p> <p><b>6 Can You Read Kant? 71</b></p> <p>Don’t Start from Here 71</p> <p>Well, Duh! 74</p> <p>Going My Way? 78</p> <p><b>7 Who Is in Charge? 81</b></p> <p>Someone Needs to Make Decisions 81</p> <p>Nothing Is Terrible Except Fear Itself 83</p> <p>Man Is Born Free but Everywhere Is in Chains 84</p> <p>Who Is in Charge? 89</p> <p><b>8 China’s Rising Influence Will Not Help 93</b></p> <p>It Can Get Worse 93</p> <p>The Dragon Is Awake 94</p> <p>Of Privileges and Principles 96</p> <p>There Is Anger Too 100</p> <p>Be Careful What You Wish For 104</p> <p>Playing for Power 106</p> <p>Part 3 The Implications of These Failures Will Be Hard 117</p> <p><b>9 We Will Become Financially Poorer 119</b></p> <p>But Answers Are Easy, Aren’t They? 120</p> <p>The Long Tail 121</p> <p>All Comes Tumbling Down 123</p> <p>Goodbye Stimulus Packages, Hello Savage State Cutbacks 125</p> <p>More Air Will Not Work 128</p> <p>You Need Another Hole in That Belt 129</p> <p><b>10 Our Way of Life Will Change 133</b></p> <p>In the Energy Battles, No One Will Play Nicely 134</p> <p>When You Are in a Hole, Keep Digging 138</p> <p>Shine Some Light on the Problem 146</p> <p><b>11 We Will Become Less Healthy 151</b></p> <p>How Much Oil Is in That Salad? 154</p> <p>I’ll Give the Scalpel a Wipe Then 158</p> <p>Was That a Cough? 159</p> <p>The Buzz Has Gone 162</p> <p><b>12 We Need to Diffuse the Threats of Conflict 169</b></p> <p>We Do Things Differently, Don’t You See? 171</p> <p>The Cupboard Will Soon Be Bare 174</p> <p>But You Promised! 180</p> <p>Climate Change Will Bring Threats of Confl ict Too 182</p> <p>Part 4 Light in an Age of “Endarkenment” 185</p> <p><b>13 We Need to Change</b> 187</p> <p>You Just Need a New Washer, Mate 188</p> <p><b>14 Other Options Need Debate 203</b></p> <p>From Progress to Poverty 203</p> <p>Give the Flowers the Power 204</p> <p>That Pip Squeak? 207</p> <p><b>15 You. You Have a Role Now Too 219</b></p> <p><b>Index 223</b></p>
<i>"Wide in scope, lucid in style--but never pedestrian--this book convinces you that you'll read more about Maxton in the immediate future."</i> -- <b>Devarajan Mahadevan, MoneyLife (3 Nov. 2011)</b>
Graeme Maxton is an economist, author and presenter, well-known for his punchy, clearly-articulated analysis on global affairs. A freelance contributor to <i>The Economist</i> for many years he also writes for a variety of other publications in Europe and Asia.  He is a frequent host on CNBC’s Squawk Box and Capital Connection and a regular guest on BBC and CNN news programs. He is the co-author of two previous books, <i>Driving Over a Cliff</i>, which was nominated for the Best Book About Business Award, and <i>Time for a Model Change</i>. He is based in Vienna and Singapore.
As Graeme Maxton’s important and entertaining book demonstrates, modern economic theory contains fundamental errors that any intelligent child could spot. This is not just an academic problem; we’ve left economists to run the world—and the planet is careening toward disaster as a result. Graeme Maxton is one of the first observers to note that world economic growth has reached hard limits. We ignore this shattering news at our peril. But if we can rid modern economic theory of a few fundamental and obvious errors, then a transition to a sustainable and satisfactory new economy is entirely feasible. <i>The End of Progress</i> is a vitally important and highly readable book-read it and have your eyes opened! <p><b>Richard Heinberg</b><br /> <i>Senior Fellow, Post Carbon Institute<br /> Author,</i> Peak Everything</p> <p><br /> Graeme Maxton’s panoramic view of economic history reaches back to Adam Smith and the moral and social philosophy that underpinned the Scotsman’s belief in free markets. That inspires Maxton’s timely and trenchant critique of modern capitalism and the drug of consumption, financed with debt, which led western countries to the financial crisis of 2008. Only by learning the true lessons, Maxton suggests, will they set themselves on a sustainable economic path.</p> <p><b>John Gapper</b><br /> Financial Times <i>columnist</i></p> <p><br /> <i>The End of Progress</i> accuses economic thinking about markets of a failure that is leading us towards a dark future. Maxton says the financial meltdown and its aftermath, extremes of income inequality, and the looming crisis over resource availability, consumerism and climate change beckon solutions, for which we are ill-equipped. Maxton should be knocking on open doors in calling for change.</p> <p><b>George Magnus</b><br /> <i>Author of</i> Uprising<br /> <i>Senior Economic Adviser, UBS</i></p> <p><br /> Graeme Maxton has produced an important and timely book. It’s impossible to argue with his conclusion that the world has taken a wrong turning, and that much is set to change in the near future. <i>The End of Progress</i> should be read by as wide an audience as possible, most of whom will find themselves nodding in agreement as they read his analysis of what has gone wrong, and his suggestions for putting things right.</p> <p><b>Giles Chance</b><br /> <i>Author</i>, China and the Credit Crisis: The Emergence of a New World Order<br /> <i>Visiting Professor, Guanghua School of Management, Peking University</i></p>

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