True Wealth: How and Why Millions of Americans Are Creating a Time-Rich, Ecologically Light, Small-Scale, High-Satisfaction Economy
Juliet B. Schor
Language: English
Pages: 206
ISBN: 2:00268263
Format: PDF / Kindle (mobi) / ePub
A groundbreaking statement about ecological decline, suggesting a radical change in how we think about consumer goods, value, and ways to live.
In True Wealth , economist Juliet B. Schor rejects the sacrifice message, with the insight that social innovations and new technology can simultaneously enhance our lives and protect the planet. Schor shares examples of urban farmers, DIY renovators, and others working outside the conventional market to illuminate the path away from the work-and-spend cycle and toward a new world rich in time, creativity, information, and community.
Von Neumann, Morgenstern, and the Creation of Game Theory: From Chess to Social Science, 1900-1960
Computational Macroeconomics for the Open Economy
The Irrational Economist: Making Decisions in a Dangerous World
The End of Money and the Future of Civilization
of operating in the world. We’re leaving behind the twentieth-century idea that there’s one best model. That means transcending the domination of corporate megaliths to a much more pluralistic, hybridized collection of smaller, varied enterprises. On the consumption side, the new consumer practices I identified in the book appear to be expanding rapidly, although there are not yet hard numbers to quantify participants or practices. But car sharing, couch-surfing, sharing of unused residential
promising academic career. There was much that Bergmann loved about his time in the woods, but he came to believe that one part of Thoreau’s vision was hopelessly romantic: the low-tech approach to labor. Through two brutal winters and with only a handsaw, Bergmann found the endless round of chopping wood, boiling water, and other daily tasks to be arduous, indeed mind-numbing. He ended his experiment with an insight that would guide his subsequent thinking: self-providing is great, but it needs
distribution of assets or restructure flawed rules are more likely to yield fairer market outcomes that need less ex post facto tinkering. These examples also raise issues of how to own and manage commons. History provides sophisticated examples of hybrid property rights regimes, including shared property systems that incorporate elements of both private and collectively held systems, and take us beyond simplistic debates over private versus state ownership. The Boston College economic historian
approach were formulated during a period when the economy was expanding, but many, including me, questioned its ability to continue with business-as-usual. As a result, the plenitude logic is most apparent during rough periods for the conventional market. But even when growth resumes, the approach remains relevant. That’s because it’s oriented to the medium term, the next decade and beyond. A key prediction is that the days of sky-high market returns are over. The twin bubbles in finance and
how this will likely play out, we need to unpack the idea of growth. This overused term lumps together two very different dynamics, only one of which is really expansion. Intensive growth means using a fixed set of resources with greater efficiency. This productivity growth is rightly understood as the cornerstone of economic progress. As we begin to produce more sustainably, it’ll be because we make technological and other changes that yield efficiencies in the use of natural capital. A shift to