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Prosperity without Growth: Foundations for the Economy of Tomorrow 2nd Edition
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What can prosperity possibly mean in a world of environmental and social limits?
The publication of Prosperity without Growth was a landmark in the sustainability debate. Tim Jackson’s piercing challenge to conventional economics openly questioned the most highly prized goal of politicians and economists alike: the continued pursuit of exponential economic growth. Its findings provoked controversy, inspired debate and led to a new wave of research building on its arguments and conclusions.
This substantially revised and re-written edition updates those arguments and considerably expands upon them. Jackson demonstrates that building a ‘post-growth’ economy is a precise, definable and meaningful task. Starting from clear first principles, he sets out the dimensions of that task: the nature of enterprise; the quality of our working lives; the structure of investment; and the role of the money supply. He shows how the economy of tomorrow may be transformed in ways that protect employment, facilitate social investment, reduce inequality and deliver both ecological and financial stability.
Seven years after it was first published, Prosperity without Growth is no longer a radical narrative whispered by a marginal fringe, but an essential vision of social progress in a post-crisis world. Fulfilling that vision is simply the most urgent task of our times.
- ISBN-109781138935419
- ISBN-13978-1138935419
- Edition2nd
- Publication dateDecember 5, 2016
- LanguageEnglish
- Dimensions5.83 x 0.79 x 8.27 inches
- Print length310 pages
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Review
‘It is hard to improve a classic, but Jackson has done it… a clearly written yet scholarly union of moral vision with solid economics.’ ― Herman Daly, University of Maryland, USA
‘I remember exactly where I was when I first read Prosperity Without Growth. It cut through the intellectual clamour with clarity, courage ― and hope.’ ― Naomi Klein, Author of This Changes Everything: Capitalism vs. The Climate
‘An excellent critical review of mainstream academic thoughts on poverty in the contemporary global system; a convincing illustration of the shortcomings of these thoughts on the case of Canada’ ― Samir Amin, Professor of Political Economy, Director of Third World Forum and Chair of World Forum For Alternatives, Egypt
‘With much of the world in turmoil, calling for higher economic growth is every politician’s comfort blanket of choice. But Tim Jackson compellingly urges those politicians to give up their comfort blanket, to re-think our continuing dependence on economic growth, and to start preparing – urgently – for a world where such growth is no longer viable as its environmental cost massively exceeds its benefits. Prosperity Without Growth remains the single most important book addressing this most critical of contemporary challenges.’ ― Jonathon Porritt, Founder Director of Forum for the Future, UK.
‘Tim Jackson's Prosperity without Growth systematises and renders tangible an essential project few believed to be practical: recovering the dream of shared prosperity and human development through decoupling it from the bandwagon of growth. Essential reading for those refusing to succumb to a dystopic future.’ ― Yanis Varoufakis, DiEM25 co-founder and Professor of Economics, University of Athens, Greece.
‘Tim Jackson has brought his ground-breaking book bang up to date and substantially deepened its arguments. This extensively revised edition sets out more clearly than ever the dimensions of a new and different economics – working for people, planet and prosperity. There isn’t a better exposition out there of why and how we need to move beyond growth.’ ― Caroline Lucas, MP for Brighton, Pavilion and a member of the Green Party, UK.
'One of the most important essays of our generation: both visionary and realistic, rooted in careful research and setting out difficult but achievable goals, it gives what we so badly need - an alternative to passivity, short-term selfishness and cynicism.' ― Dr Rowan Williams, The Master of Magdalene College, Cambridge University and was the 104th Archbishop of Canterbury, UK.
‘This challenge to the prevailing growth-based economic paradigm confronts an inescapable dilemma: how to reconcile "our aspirations for the good life with the limitations and constraints of a finite planet." Its thoughtful and penetrating critique is enriched by an outline of credible programs to achieve this end. A very valuable contribution to urgent concerns that cannot be ignored.’ ― Noam Chomsky, Institute Professor & Professor of Linguistics, MIT, USA.
‘Tim Jackson spearheads the obvious truth that GDP growth is not necessary in order to achieve higher well-being in the rich world. Government intervention can produce the desired result, namely full employment, less inequity and reduced greenhouse gas emissions.’ ― Jorgen Randers, author of "2052 – A Global Forecast for the Next Forty Years"(2012) and co-author of "One Percent is Enough. Managing economic growth to reduce unemployment, inequity and greenhouse gas emissions." (2016)
"Tim Jackson’s revised second edition of his Prosperity without Growth continues to provide a stimulating and accessible account of the issues facing the planet, an assessment of how we’re dealing with the problems, and the kinds of solutions that are necessary for us to be able to continue to live and thrive here." --Jonathan Warner, Quest University, Canada
About the Author
Tim Jackson is Professor of Sustainable Development at the University of Surrey, UK, and Director of the Centre for the Understanding of Sustainable Prosperity (CUSP). For seven years he was Economics Commissioner on the UK Sustainable Development Commission, where his work culminated in the first edition of this book. He was awarded the Hillary Laureate for exceptional international leadership in 2016. In addition to his scientific work, Tim is a prize-winning dramatist with numerous radio writing credits for the BBC.
Product details
- ASIN : 1138935417
- Publisher : Routledge; 2nd edition (December 5, 2016)
- Language : English
- Paperback : 310 pages
- ISBN-10 : 9781138935419
- ISBN-13 : 978-1138935419
- Item Weight : 1.01 pounds
- Dimensions : 5.83 x 0.79 x 8.27 inches
- Best Sellers Rank: #830,810 in Books (See Top 100 in Books)
- #366 in Macroeconomics (Books)
- #625 in International Economics (Books)
- #1,091 in Environmental Economics (Books)
- Customer Reviews:
About the author
Tim Jackson is Professor of Sustainable Development at the University of Surrey and Director of the Centre for the Understanding of Sustainable Prosperity (cusp.ac.uk). He is also an award-winning playwright with numerous radio-writing credits for the BBC. For more details about his work go to timjackson.org.uk or follow him on Twitter with @ProfTimJackson.
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Since my first reading of the text I have spent a long time thinking through the arguments put forward within it and my responses to them. Along the way I came to a conclusion that something was not quite right about either.
What Jackson presents us with is a very plausible argument about the problems that the world faces and some possible solutions. Although some of the material is a little difficult most of the content is understandable to most readers and he writes in a reader friendly, almost thriller fashion (no offence) which carries the reader forward at a speed which allows understanding.
In my humble opinion, the problem is that the analysis misses the point. It talks about capitalism and wants an active governmental set of solutions but I would humbly suggest that further study be made of the nature of the capitalism which is made the villain of the piece.
I no longer recognise the capitalism which holds sway in the United States and continues to advance its grip on a global level in the face of a Chinese version having much of the same effects. In my view it is this version, unchallenged by a strong anti-competitive apparatus which rides roughshod over the world's finite resources, chewing them up and spitting them out like some monstrous machines with impunity. Governments are bought and sold as the rise of professional politicians replaced more independent self made people.
Responses to the global problems are discussed by civil servants who may mean well but who represent governments who are begging and bribing at the tables of mega corporations to try and get them to locate their factories in their country or their state to provide jobs.
This is the dilemma. Corporations too big and too powerful who can switch production between counties easily and quickly, no effective regulation of them, little or no coordination between nations and well funded apologists in business, public relations, education and so called think tanks to spread their propaganda.
Keeping workers busy and having to work as much as possible while encouraging an education system which is more vocational than encouraging thinking are strategies which force ordinary people to concentrate on merely existing rather than looking at other issues are tried and tested methods of keeping resistance down.
This is the dilemma. Recognising the problem is one thing, finding solutions is a greater issue altogether.
#TimJackson
Books that raise the topic of growth limitations fall into two camps usually. One is the book that is actually advocating for socialist type policies and a rejection of the free-market in the traditional sense, and books like this that point out flaws in the markets and offer serious criticisms based on reasoned arguments.
I really red thought this thinking about the topics raised by the author. Are there limits? Can growth in the traditional sense be maintained and is tat a presumptively good measure of progress now, versus before.
This was an interesting read, and full of thought provoking questions. A very worth while read.