The Book Depository The End of Growth by Richard Heinberg

4.4 out of 5 stars
The Book Depository The End of Growth by Richard Heinberg
Zoom
Currently out of stock
 
SCROLL DOWN
TO EXPLORE MORE
 

Price: £14.34

Brand: The Book Depository

 

Description: The End of Growth : Paperback : New Society Publishers : 9780865716957 : 0865716951 : 01 Sep 2011 : Economists insist that recovery is at hand, yet unemployment remains high, real estate values continue to sink, and governments stagger under record deficits. This title describes what policy makers, communities, and families can do to build an economy that operates within Earth's budget of energy and resources. The Book Depository The End of Growth by Richard Heinberg - shop the best deal online on thebookbug.co.uk

 

Category: Books

Merchant: The Book Depository

Product ID: 9780865716957

MPN: 0865716951

GTIN: 9780865716957

 
The Book Depository logo
 
Currently out of stock
 

Author: Rob Julian

Rating: 5

Review: This is a very economically authoritative book which convincingly argues a profound environmentalist, paradigm changing point. The author is a key member of the 'Post Carbon Institute' and in this book he explains why the fundamental economic truth of our time is that we are travelling beyond the period where cheap carbon based fossil fuels can foster perpetual economic growth. The arguments in this book could also be perceived as opening up a third side in the government debt verses austerity debate. Keynesian economists, such as Paul Krugman, may have to recognise that they now have to engage on two fronts, with the unlikely pairing of right wing conservatives, and now these green type groups, both pitted against them. Although in agreement with many of the anti free markets views of Krugman and others regarding the causes of the recession, Heinberg characterises government stimulus as "The Bridge to Nowhere", in that energy and non renewable resource scarcity will prevent a return to long term economic growth. "The Keynesians still see the world through the lens of the Great Depression. During the 1930s, industrialised countries were in the early stages of their shift from an agrarian, coal-based, rural economy to an electrified, oil-based, urban economy--a shift that required enormous infrastructure investments (in new highways, airports, dams, and power lines) that would ultimately pay off handsomely for a nation on the verge of realising a consumer utopia. All that was needed to initiate the building of that infrastructure was credit--grease for the wheels of commerce. Government got those wheels rolling by taking on debt, with private companies increasingly taking the lead after World War II. The expansion that occurred from the 1950s through 2000, as that infrastructure was built and put to use, easily justified the government pump-priming that initiated the process. Future payments of interest on the government debt could be ensured through growth of the tax base. Now its different. . . . both the U.S. and the world has a whole have passed a fundamental crossroads characterised by increasing scarcity of energy and minerals. Because of this, strategies of growth that worked reliably in the mid-to-late 20th century-via various forms of business and technological development-have reached a point of diminishing returns. Thus the Keynesian spending bridge today leads nowhere. . . . the Keynesian remedy does not cure the ailment but merely extends the suffering (while increasing government debt to truly toxic levels) . . . There is no "silver bullet," no magic solution that will turn back the clock to an era of abundant resources and easy growth. For now, all that governments can do is buy time through further deficit spending- ideally, using that time to build infrastructure that will continue to function in the coming era of reduced flows of energy and resources." p100-102 The early parts of the book present a background critique of how mainstream economics has omitted to value natures finite capital and non renewable resources. Then Heinberg is obliged to detail the well documented flaws and extravagances which led up to the credit crunch / recession. He seems to recognise that many of these ideas, though essential to his narrative, are already familiar to us, and therefore trots through them nimbly, while of course placing extra emphasis on energy and resource issues. One quality of this book, which adds to its already authoritative feel, is that many good data sources and graphs of the sub-prime crisis / debt / government stimulus are provided. The mid part presents the data and discusses the trends regarding the core issues of finite cheap energy and non-renewable resources. Then the various contemporary arguments which down play these constraining factors are dealt with. Some frightening statistics regarding China's growing energy and resource consumption are presented, which although not proving that net world economic growth is ending, do illustrate that economic growth for the rest of us will probably get harder. One small gripe I have is that in a section titled "Currency Wars", Heinberg includes a citation which points out: " It's inconsistent for the Americans to accuse the Chinese of manipulating exchange rates and then to artificially depress the dollar exchange rate by printing money" p207. But surely it is a question of degree? The final conclusion as to who is the biggest offender must hinge on whose currency is actually the most under-valued, and China still easily comes top on this measure. The latter part of the book is more recognisably a 'green' read. There is a comprehensive list of stances and suggestions which include many that most would regard as sensible, and a few that some would regard as perhaps idealistic or ineffectual. Although Heinberg arguably could be over egging the present effects of energy and resource shortages, the questions of environmental depletion and non-renewable resources in the long term easily trump all other considerations, especially in view of developing countries like China being able to consume more and more due to their manufacturing and exporting prowess. Therefore it is hard not to strongly agree with the central thesis of this book. But if elites in the West are going to abort a Keynesian style return to consumer led growth as the author seems to wish, and instead settle for an austere non-growth economy, I believe they have to offer the low income working population / unemployed more than a chance to grow their own food, join co-ops, and do odd jobs in return for local currency as a consolation prize! This is an incomplete caricature of the suggestions Heinberg puts forward, but it does illustrate a point. As we are now all too aware, austerity does not fall evenly upon the population, and a weakness of this green approach to the future is that in their ideas there is some, but not enough, consolation for the less skilled working person, who is and will bear the brunt of austerity. This is why I believe a certain kind of protectionism will inevitably make its way into rich country politics in the near future, to square this circle and tighten lower end labour markets within non-growing rich countries. (Although to be fair Heinberg does mention tariffs in a limited context "The adoption of a system of tariffs that would allow countries that implement sustainable policies to remain competitive in the global market place with countries that don't" p252). It should not be technologically ambitious protectionism which provokes resentment from other countries, and it should consider carefully questions of maintaining industry competition in relation to factors of scale and scope.

 

Author: Glennn

Rating: 3

Review: Interesting

 

Similar Products

  • Lovereading Young Avengers By Heinberg & Cheung Omnibus

    Price: £106.19

    Brand: Lovereading

     

    Description: Young Avengers By Heinberg & Cheung Omnibus. Hardback. By Allan Heinberg.

    Category: Books

     
    LoveReading logo

    Merchant: LoveReading

    Product ID: 9781302933890

     
  • Lovereading Oil, Power, and War A Dark History

    Price: £17.99

    Brand: Lovereading

     

    Description: Oil, Power, and War A Dark History. Paperback /softback. By Matthieu Auzanneau, Richard Heinberg.

    Category: Books

     
    LoveReading logo

    Merchant: LoveReading

    Product ID: 9781603589789

     
  • Lovereading Party's Over Oil, War and the Fate of Industrial Societies

    Price: £11.69

    Brand: Lovereading

     

    Description: Party's Over Oil, War and the Fate of Industrial Societies. Paperback /softback. By Richard Heinberg.

    Category: Books

     
    LoveReading logo

    Merchant: LoveReading

    Product ID: 9781905570003

     
  • Lovereading Powerdown Options and Actions for a Post-carbon Society

    Price: £10.79

    Brand: Lovereading

     

    Description: Powerdown Options and Actions for a Post-carbon Society. Paperback /softback. By Richard Heinberg.

    Category: Books

     
    LoveReading logo

    Merchant: LoveReading

    Product ID: 9781905570102

     
  • Waterstones Remarkable Business Growth

    Price: £14.99

    Brand: Waterstones

     

    Description: 'This book is a secret weapon, providing clarity and confidence in scaling to seven figures' Sebastian Bates, The Warrior Academy The average B2B business takes 5 years to double its revenue; remarkable businesses double revenue every 12 months. In Remarkable Business Growth, Richard Mawer reveals how you can make YOUR B2B business remarkable and unlock predictable 7-figure business growth. You know you need proven strategy, processes and systems to be successful. What you're missing is the secret of making your business remarkable at every touchpoint, a business that your customers not only use, but love and remark upon. From working with hundreds of business owners and building eight businesses of his own, Richard has developed the STEPS Growth method, to give business owners a step-by-step blueprint of processes and principles to put in place the five strategies, processes and systems that a modern business needs to grow predictably towards seven figures and beyond. Www. goberemarkable. Com.

    Category: Books

    Delivery cost: 2.99

    ISBN: 9781788604291

     
    Waterstones logo

    Merchant: Waterstones

    Product ID: 9781788604291

     
  • Lovereading The Sacred Enneagram Finding Your Unique Path to Spiritual Growth

    Price: £11.69

    Brand: Lovereading

     

    Description: The Sacred Enneagram Finding Your Unique Path to Spiritual Growth. Paperback /softback. By Christopher L. Heuertz, Richard Rohr.

    Category: Books

     
    LoveReading logo

    Merchant: LoveReading

    Product ID: 9780310348276

     
  • Waterstones Smart Growth

    Price: £22.00

    Brand: Waterstones

     

    Description: A Wall Street Journal bestseller Named one of 10 Best New Management Books for 2022 by Thinkers 50 Creating a culture of learning and growth. Growth is the goal. Helping people develop their potential | ??enabling them to articulate and become the self they want to be, are capable of being, and that best serves them and others in the short and long term | ??is what we as individuals and leaders strive toward. But how do we grow? It turns out it happens in a predictable way, which means we can understand where we are in our growth and chart a way forward. In this compact, complete guide, Whitney Johnson dives more deeply than ever into the S Curve of Learning so that you can envision how growth happens and direct yourself and others in your organization to create a culture that fosters it. The growth and learning journey comes in three phases: the Launch Point, the Sweet Spot, and Mastery. Compelling examples of successful people will show you when and why growth is slow, how to keep going, what to do when growth and learning are almost too fast to keep up with, and how to leap from one growth journey to another. As individuals grow, so do organizations and societies. Growth is learning put into action | ??action that betters the world as we better ourselves and our small niches, both personal and professional, within it. Growth occurs when learning is internalized | ??when we try something new and invest the effort to move it from being something we do to something we are. Waterstones Smart Growth - shop the best deal online on thebookbug.co.uk

    Category: Books

    Delivery cost: 2.99

    ISBN: 9781647821159

     
    Waterstones logo

    Merchant: Waterstones

    Product ID: 9781647821159

     
  • Lovereading Young Avenger Omnibus Vol. 1

    Price: £25.19

    Brand: Lovereading

     

    Description: Young Avenger Omnibus Vol. 1. Paperback /softback. By Allan Heinberg.

    Category: Books

     
    LoveReading logo

    Merchant: LoveReading

    Product ID: 9781804910610

     
  • Lovereading Avengers: Children's Crusade

    Price: £15.29

    Brand: Lovereading

     

    Description: Avengers: Children's Crusade. Paperback /softback. By Allan Heinberg.

    Category: Books

     
    LoveReading logo

    Merchant: LoveReading

    Product ID: 9781846534850

     
  • Lovereading The Wisdom of the Enneagram The Complete Guide to Psychological and Spiritual Growth for the Nine Personality Types

    Price: £17.09

    Brand: Lovereading

     

    Description: The Wisdom of the Enneagram The Complete Guide to Psychological and Spiritual Growth for the Nine Personality Types. Paperback /softback. By Don Richard Riso, Russ Hudson.

    Category: Books

     
    LoveReading logo

    Merchant: LoveReading

    Product ID: 9780553378207