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An inspiring outline of a new economics system, where justice, human dignity, compassion and reverence for life are the guiding values. The economic system under which we live not only forces the great majority of humankind to live their lives in indignity and poverty but also threatens all forms of life on Earth. Economics Unmasked presents a cogent critique of the dominant economic system, showing that the theoretical constructions of mainstream economics work mainly to bring about injustice. The merciless onslaught on the global ecosystem of recent decades, brought about by the massive increase in the production of goods and the consequent depletion of nature's reserves, is not a chance property of the economic system. It is a direct result of neoliberal economic thinking, which recognizes value only in material things. The growth obsession is not a mistaken conception that mainstream economists can unlearn, it is inherent in their view of life. But a socio-economic system based on the growth obsession can never be sustainable. This book outlines the foundations of a new economics, where we are not ruled by greed and injustice. Contrary to the absurd assumption of mainstream economists that economics is a value-free science, a new economics must make its values explicit.
An inspiring outline of a new economics system, where justice, human dignity, compassion and reverence for life are the guiding values. The economic system under which we live not only forces the great majority of humankind to live their lives in indignity and poverty but also threatens all forms of life on Earth. Economics Unmasked presents a cogent critique of the dominant economic system, showing that the theoretical constructions of mainstream economics work mainly to bring about injustice. The merciless onslaught on the global ecosystem of recent decades, brought about by the massive increase in the production of goods and the consequent depletion of nature's reserves, is not a chance property of the economic system. It is a direct result of neoliberal economic thinking, which recognizes value only in material things. The growth obsession is not a mistaken conception that mainstream economists can unlearn, it is inherent in their view of life. But a socio-economic system based on the growth obsession can never be sustainable. This book outlines the foundations of a new economics, where we are not ruled by greed and injustice. Contrary to the absurd assumption of mainstream economists that economics is a value-free science, a new economics must make its values explicit.
"Economics is haunted by more fallacies than any other study known to man." -- Henry Hazlitt, Economics in One Lesson (1946) Every day economic claims are used by the media or in conversation to support social and political positions. Those on the left tend to distrust economists, seeing them as friends of the right. There is something to this, since professional economists are almost all keen supporters of the free market. Yet while factions on the right naturally embrace economists, they also tend to overestimate the effect of their support on free-market policies. The result is widespread confusion. In fact, virtually all commonly held beliefs about economics--whether espoused by political activists, politicians, journalists or taxpayers--are just plain wrong. Professor Joseph Heath wants to raise our economic literacy and empower us with new ideas. In Economics Without Illusions, he draws on everyday examples to skewer the six favourite economic fallacies of the right, followed by impaling the six favourite fallacies of the left. Heath leaves no sacred cows untipped as he breaks down complex arguments and shows how the world really works. The popularity of such books as Freakonomics and Predictably Irrational demonstrates that people want a better understanding of the financial forces that affect them. Highly readable, cogently argued and certain to raise ire along all points of the socio-political spectrum, Economics Without Illusions offers readers the economic literacy they need to genuinely understand and critique the pros and cons of capitalism.
The interrelationship among development, environment, and human needs is one of the key issues being faced by the world today. The Chilean economist, Manfred Max-Neef, was a leading thinker on this dynamic, and this book provides both an introduction to and analysis of his work and ideas. Arranged in three main sections – “Human needs and wellbeing”, “Development, growth and sustainability”, and “Methodology of economics” – the chapters in this book contribute to on-going debates on issues as important as human development, the limits of economic growth, deep ecology, sustainable consumption, entrepreneurship, climate change, interdisciplinarity, and the methodology and practice of economics. The contributors to this volume provide a broad range of different critical perspectives on these issues, and the chapters are arranged in dialogue with each other to provide the reader with a rounded view of the legacy of Max-Neef. This book is vital reading for all those interested in ecological economics, environmental economics, development economics, methodology and philosophy of economics, and heterodox economics.
This volume develops a synthesized interpretation of ecological economics integrating different levels; (economic) system, (business) practice and the (economic) actor. It discusses how changes on a systems level are connected to changes in practise and development of individual consciousness. Transformative Ecological Economics delves into the insight and knowledge from different sources of inspiration (Thermodynamics, Darwinism, Anthroposophy and Buddhism) as well as into an integrated story describing and illustrating the core ideas, principles and values which characterize a utopian society anchored in ecological economics.
Timorous: adj, 1) shy, not bold 2) easily frightened. Economics: n, social science concerned with the production and consumption of goods and services. What is the best way to run a country? How long should a person be obliged to work every day? What will the economy look like after Brexit? In this new take on the Scottish economy, experts Trebeck, Boyd and Kerevan address how our economy can serve us, as opposed to the people serving the economy. They believe that current economic policies are not aligned with what we as people need in these times of rampant inequality and inequitable distribution, advocating an increased focus on the quality of Scotland's economy. Using Scotland as an example for the economic workings of any country, Tackling Timorous Economics shows a better way of how economics could work for us.
The new edition of this landmark international work builds on the previous two volumes, offering a window onto occupational therapy practice, theory and ideas in different cultures and geographies. It emphasizes the importance of critically deconstructing and engaging with the broader context of occupation, particularly around how occupational injustices are shaped through political, economic and historical factors. Centering on the wider social and political aspects of occupation and occupation-based practices, this textbook aims to inspire occupational therapy students and practitioners to include transformational elements into their practice. It also illustrates how occupational therapists from all over the world can affect positive changes by engaging with political and historical contexts. Divided into six sections, the new edition begins by analyzing the key concepts outlined throughout, along with an overview on the importance and practicalities of monitoring and evaluation in community projects. Section Two explores occupation and justice emphasizing that issues of occupational injustice are present everywhere, in different forms: from clinical settings to community-based rehabilitation. Section Three covers the enactment of different Occupational Therapies with a focus on the multiplicity of occupational therapy from the intimately personal to the broadly political. Section Four engages with the broader context of occupational therapy from the political to the financial. The chapters in this section highlight the recent financial crisis and the impact it has had on people's everyday life. Section Five collects a range of different approaches to working to enable a notion of occupational justice. Featuring chapters from across the globe, Section Six concludes by highlighting the importance and diversity of educational practices. - Comprehensively covers occupational therapy theory, methodology and practice examples related to working with underserved and neglected populations - Gives a truly global overview with contributions from over 100 international leading experts in the field and across a range of geographical, political and linguistic contexts - Demonstrates how occupational injustices are shaped through political, economic and historical factors - Advocates participatory approaches which work for those who experience inequalities - Includes a complete set of new chapters - Explores neoliberalism and financial contexts, and their impact on occupation - Examines the concept of disability - Discusses theoretical and practical approaches to occupational justice
Is the present economy working for you and those around you? Is your government in debt? In your country, is there a real drive to deal with climate change? Are you aware of the great urgency of doing this? Are you aware that many economists consider that one cannot address climate change and other urgent problems within the economic system we now have? If it seems to you that the world has come to an impasse, theres a solution in the form of a new kind of economic thinking, with many practical changes to match. Its called an ecological economy (EE). It calls us to put the health of all life on this planet as the central issue. The EE will focus on resources rather than only money. Money will no longer rule us; rather it will help us do what needs doing. And well measure capital in natural units, not money. Therell be employment for those who want it; and the extra jobs will be found in projects that will be directed at the health of the ecosphere; and that includes your health. The fields and forests that have been denuded of nutrients will, over time, be restored; carbon dioxide emissions from fossil fuels will be eliminated. The costs of such projects will be assessed in terms of resource requirements and the needed human effort, with money as the servant, not the boss. The nations will learn to cooperate betterit will be in all of their interests. The worlds burgeoning population will halt its expansion, just in time to give wild life the breathing space it needs.
Rent Unmasked explores the new economic paradigm that policy-makers need to solve global problems in the post-2008 era. With conventional economic theories discredited, the new model must equip governments with tools to re-stabilise societies in a dangerous world. Rent Unmasked explains why one paradigm only qualifies to serve this purpose: the dynamic model that reinstates time and space back into economic theorising. The Flat Earth economics of the neo-classical school is analysed by the 13 contributors to this volume, which honours the seminal role played by Mason Gaffney, Emeritus Professor of Economics at the University of California (Riverside), in exposing the way in which classical economics was debased to serve rent-seeking interests. In a world divided by dangerously misleading theories of governance, Rent Unmasked recovers the concepts that integrate macro-economics with the common good; interrogates the interface between private incomes and public revenue; and identifies strategies for lifting the stalled global economy out of the low-growth straightjacket that is blocking the rise of real wages and capital formation to levels that deliver sustainable growth.
"... the practice of barefoot economics requires more than simply the lived experience of poverty-related phenomena. In contrast to the prevailing positivist paradigm within the scientific discipline of economics that tends to cultivate particular ways of economic thinking by taking their linguistic presuppositions for granted, barefoot economics involves challenging one's own horizon of possibility for economic thought by putting commonly accepted academic jargon in abeyance."