Rebalancing the Economy (Paperback)
  • Rebalancing the Economy (Paperback)
zoom

Rebalancing the Economy (Paperback)

(author), (author)
£50.00
Paperback Published: 01/08/2014
  • Not available

This product is currently unavailable.

  • This item has been added to your basket
Rebalancing the Economy 'It's the economy, stupid' is one of the most well-known phrases in politics and it perfectly highlights the problem with politics today. However, you cannot blame the politicians that they prioritise the economy over everything else; the problem lies in how we measure their success. GDP is the most quoted statistic about any country's economy with economic policies being judged mainly by their effect on GDP. Most other policies are heavily judged on their effect on this one statistic. Governments have risen and fallen on the back of this one statistic. In 1934 Kuznets warned against equating GDP with well-being. However, for the last 70 years that is what it has become.Growth will always trump other objectives and so these politicians only want to measure growth. This has become even more relevant since the recession, when many governments have focused on growth. Governments are voted in on their short term agendas. One fundamental truth must be recognized: the planet cannot accommodate high income status for all 7 billion plus of its inhabitants.For every country to attain per capita GDP of $13,000 (the World Bank's definition of high income), global GDP would need to rise to $91 trillion. If, however, we already use the equivalent of 1.5 Earths to provide the resources we consume and to absorb our waste, how can we? The planet can sustainably support a GDP of around $50 trillion. If the planet already exceeds its sustainable carrying capacity, we need to be reducing our demands on it - not adding new ones. Simply put, we can no longer depend on GDP growth, and the limitless wealth accumulation that it implies, to solve our social and economic problems.

Publisher: The Green Economics Institute
ISBN: 9781907543845

You may also be interested in...

Planetary Economics
Added to basket
Meat
Added to basket
£19.95
Paperback
The Instant Economist
Added to basket
Winner Take All
Added to basket
£9.99
Paperback
Resource Economics
Added to basket
£29.99
Paperback
Degrowth
Added to basket
£26.99
Paperback
Chasing Rainbows
Added to basket
£8.99
Paperback
Economics Express: Environmental Economics
Added to basket
The Plundered Planet
Added to basket
Natural Capital
Added to basket
£20.00
Hardback
Introducing a New Economics
Added to basket
The Skeptical Environmentalist
Added to basket
The Third Industrial Revolution
Added to basket
The Quest
Added to basket
£12.99
Paperback

Reviews

Please sign in to write a review

Your review has been submitted successfully.