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The growth delusion : wealth, poverty, and the well-being of nations / David Pilling.

by Pilling, David (Editor)

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Tim Duggan Books, 2018.

Economic development.

9780525572503 (hc.)

First U.S. edition.

291 pages ; 22 cm.

Includes bibliographical references (pages 259-280) and index.

The cult of growth -- Part one. The problems with growth -- Kuznet's monster -- The wages of sin -- The good, the bad, and the invisible -- Too much of a good thing -- The internet stole my GDP -- What's wrong with the average Joe -- Part two. Growth and the developing world -- Elephants and rhubarb -- Growthmanship -- Black power, green power -- Part three. Beyond growth -- Wealth -- A modern Domesday -- The lord of happiness -- GDP 2.0 -- The growth conclusion.

"A provocative critique of the pieties and fallacies of our obsession with economic growth. We live in a society in which a priesthood of economists, wielding impenetrable mathematical formulas, set the framework for public debate. Ultimately, it is the perceived health of the economy which determines how much we can spend on our schools, highways, and defense; economists decide how much unemployment is acceptable and whether it is right to print money or bail out profligate banks. The backlash we are currently witnessing suggests that people are turning against the experts and their faulty understanding of our lives. Despite decades of steady economic growth, many citizens feel more pessimistic than ever, and are voting for candidates who voice undisguised contempt for the technocratic elite. For too long, economics has relied on a language which fails to resonate with people's lived experience, and we are now living with the consequences. David Pilling reveals the hidden biases of economic orthodoxy and explores the alternatives to GDP, from measures of wealth, equality, and sustainability to measures of subjective wellbeing. The Growth Delusion offers witty and unexpected insights into how our society can respond to the needs of real people instead of pursuing growth at any cost. David Pilling is an associate editor at The Financial Times"--Provided by publisher.

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