Real Life Economics: Understanding Wealth Creation

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9780415079761: Real Life Economics: Understanding Wealth Creation

Since the end of the Second World War, industrial economic activity has been generated on an unparalleled scale. This continuous search for yet greater output and productivity has been the dominant policy objective of practically every country in the world for the past 50 years. However, there is a cost for industrial growth on this scale and the price has been and is being paid in widespread social and cultural disruption and potentially catastrophic effects on the global environment. "Real Life Economics" challenges traditional economic theories which endorse this state of affairs and attempts to construct an economic framework with which to address the wider implications of the industrial economy, in order to understand and ameliorate it. This framework is designed to illuminate and offer guidance about practical matters of an economic nature in the real world. "Real Life Economics" remains recognizably economic in nature, incorporating many of the means and concepts from a variety of today's schools of economic thought. This book should be of interest to introductory students of economics, environmental and development studies.

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