Free PDF , by David Pilling
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, by David Pilling
Free PDF , by David Pilling
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Product details
File Size: 1023 KB
Print Length: 352 pages
Publisher: Bloomsbury Publishing; 1 edition (January 25, 2018)
Publication Date: January 25, 2018
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B075D77ZR3
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Amazon Best Sellers Rank:
#873,464 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
This is a great piece of work and, in addressing the weakness of over using GDP as a measure of wealth for the entire community, addresses those weaknesses in formalist notions of economic theory that have been so influential over the last 30 years. I enjoyed this book for the same reasons that I enjoyed Pikketty's Capitalism in the 21st Century. Both authors critically evaluate the orthodoxy that underpins the increasing concentration of wealth to the detriment of global well being. At the same time, in doing so, they provide a glimpse of the manner in an increasingly connected global community can undermine these inequitable processes. They also demonstrate the degree to which the illusion of "economics as science" skews the rational and political discussion of the accumulation and distribution of wealth for social benefit.
The book was great at explaining why growth, especially GDP growth is not everything and we must not rely on it alone. The book struggled in explaining the purpose solution of it
Globalists want to measure GDP whereas nationalists want to measure GNP. Neither one measures GNH -- Gross National Happiness, like the people in Bhutan do.This book makes an excellent point in that we currently measure bombs and chemical weapons as part of our Gross Domestic Product. So when the GDP is rising everyone should be happy, even those Americans that have been maimed and disfigured in their country's wars.
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