The Economics of Enough by Diane Coyle
How to Run the Economy as If the Future Matters

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Synopsis

The world's leading economies are facing not just one but many crises. The financial meltdown may not be over, climate change threatens major global disruption, economic inequality has reached extremes not seen for a century, and government and business are widely distrusted. At the same time, many people regret the consumerism and social corrosion of modern life. What these crises have in common, Diane Coyle argues, is a reckless disregard for the future--especially in the way the economy is run. How can we achieve the financial growth we need today without sacrificing a decent future for our children, our societies, and our planet? How can we realize what Coyle calls "the Economics of Enough"?

Running the economy for tomorrow as well as today will require a wide range of policy changes. The top priority must be ensuring that we get a true picture of long-term economic prospects, with the development of official statistics on national wealth in its broadest sense, including natural and human resources. Saving and investment will need to be encouraged over current consumption. Above all, governments will need to engage citizens in a process of debate about the difficult choices that lie ahead and rebuild a shared commitment to the future of our societies.

Creating a sustainable economy--having enough to be happy without cheating the future--won't be easy. But The Economics of Enough starts a profoundly important conversation about how we can begin--and the first steps we need to take.

 

About Diane Coyle

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Diane Coyle runs Enlightenment Economics, a consulting firm specializing in technology and globalization, and is the author of a number of books on economics, including "The Soulful Science" (Princeton), "Sex, Drugs and Economics", and "The Weightless World". A vice-chair of the BBC Trust and a visiting professor at the University of Manchester, she holds a PhD in economics from Harvard.
 
Published February 14, 2011 by Princeton University Press. 344 pages
Genres: Business & Economics, Political & Social Sciences, Nature & Wildlife, Science & Math. Non-fiction

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Coyle calls for steps including new and better economic measurements, a longer time frame for economic decision-making that takes into account future costs and impacts and government policies which enforce personal saving and business investment.

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The New York Times

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Coyle writes that we “do want more in order to be happier — but how much more is feasible without destroying the natural and social environment, and how much more is fair to the people who will come after us?” Borrowing from the future this way shows our inability, or refusal, to assume ...

Mar 05 2011 | Read Full Review of The Economics of Enough: How ...

Management Today

So I was excited to receive a copy of Diane Coyle's new book, The Economics of Enough;

Mar 01 2011 | Read Full Review of The Economics of Enough: How ...

London School of Economics

Furthermore, an uneven distribution of the returns to economic growth is intensifying the corrosion of trust, the ‘social capital’ that forms the fabric of our society.

Jul 16 2011 | Read Full Review of The Economics of Enough: How ...

London School of Economics

Furthermore, an uneven distribution of the returns to economic growth is intensifying the corrosion of trust, the ‘social capital’ that forms the fabric of our society.

Jul 16 2011 | Read Full Review of The Economics of Enough: How ...

Labour Uncut

The Israeli management guru, Eli Goldratt, once asserted: “Tell me how you will measure me and I will tell you how I will behave.” What we measure defines what we value.

Jul 17 2011 | Read Full Review of The Economics of Enough: How ...

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