August 26th 2017


  Buy Issue 3003
Qty:

Articles from this issue:

CANBERRA OBSERVED Crikey, is nobody a true dinks Aussie these days?

SAME-SEX MARRIAGE Hundreds of doctors call on AMA to withdraw defective statement on same-sex marriage

EUTHANASIA What disability advocates say about assisted suicide by Daniel Giles

SAME-SEX MARRIAGE Triggs' one important contribution to rights by Greg Walsh

ENERGY High prices 'destroying the economy': Glencore

ENERGY Renewable energy barely even a fair weather friend

ECONOMICS The world it is a-changin': globalisation in crisis

SAME-SEX MARRIAGE Gay Liberals' push out of step with LGBTI realities

INTERNATIONAL AFFAIRS South Africa is losing its rainbow nation credentials

MUSIC A moral scale: Does 'good' music make us better?

CINEMA War for the Planet of the Apes: Best-laid plans of apes and men

BOOK REVIEW Risk nothing; gain nothing

BOOK REVIEW The most infamous crime in history

POETRY

LETTERS

MORAL EDIFICATION A cartoon

Books promotion page

Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge and Change

Edmund Phelps

$48.95


Buy Book
Qty:

(Princeton University Press, Princeton, New Jersey, 2015)
Paperback: 378 pages
ISBN: 9780691165790
Price: AUD$48.95

 

Book description

In this book, Nobel Prize-winning economist Edmund Phelps makes a sweeping new argument about what makes nations prosper – and why the sources of that prosperity are under threat today. Why did prosperity explode in some nations between the 1820s and 1960s, creating not just unprecedented material wealth but “flourishing” – meaningful work, self-expression, and personal growth for more people than ever before? Phelps makes the case that the wellspring of this flourishing was modern values such as the desire to create, explore, and meet challenges. These values fueled the grassroots dynamism that was necessary for widespread, indigenous innovation.

Most innovation wasn’t driven by a few isolated visionaries like Henry Ford and Steve Jobs; rather, it was driven by millions of people empowered to think of, develop, and market innumerable new products and processes, and improvements to existing ones. Mass flourishing – a combination of material wellbeing and the “good life” in a broader sense – was created by this mass innovation.

Yet indigenous innovation and flourishing weakened decades ago. In America, evidence indicates that innovation and job satisfaction have decreased since the late 1960s, while postwar Europe has never recaptured its former dynamism. The reason, Phelps argues, is that the modern values underlying the modern economy are under threat by a resurgence of traditional, corporatist values that put the community and state over the individual.

The ultimate fate of modern values is now the most pressing question for the West: will Western nations recommit themselves to modernity, grassroots dynamism, indigenous innovation, and widespread personal fulfillment, or will we go on with a narrowed innovation that limits flourishing to a few?

About the author

Edmund Phelps was the 2006 Nobel Laureate in economics. He is director of the Center on Capitalism and Society at Columbia University. His many books include Designing Inclusion, Rewarding Work, and Seven Schools of Macroeconomic Thought.


Related Articles:
BOOK REVIEW The human factor



























Join email list

Join e-newsletter list


Your cart has 0 items



Subscribe to NewsWeekly

Research Papers



Trending articles

GENDER POLITICS Melbourne mum goes viral on 'Safe Schools'

NATIONAL AFFAIRS Cardinal Pell charged: the process is the punishment

COVER STORIES Liberal discontents take internal struggle to Shakespearean heights

CANBERRA OBSERVED Cory Bernardi claims strong flow to his ranks

COVER STORY The rise and rise of Old King Coal

INTERNATIONAL AFFAIRS Taiwan's 'friends' make the Beijing cut

EUTHANASIA What Boudewijn Chabot can teach Victoria



























© Copyright NewsWeekly.com.au 2017
Last Modified:
June 20, 2015, 1:01 pm