Real Life Economics
The past fifty years have witnessed the triumph of an industrial development that has engendered great social and environmental costs. Conventional economics has too often either ignored these costs or failed to analyse them appropriately. This book constructs a framework within which the wider impacts of economic activity can be both understood and ameliorated. The framework places its emphasis on an in-depth understanding of real-life processes rather than on mathematical formalism, sressing the independence of the economy with the social, ecological and ethical dimensions of human life.
`On the whole, the book achieves a remarkable degree of clarity given its many voices and the range of issues discussed. ... Through careful editing and well-structured passages that interpret the contributions of the various authors, the leaders of this effort paint a picture of what economics might become as it grows beyond today's conventions.' - Ecological Economics Vol 8 1993
`The essential guide to the new thinking in economics, especially in sustainable development. An invaluable collection.' - Mr P J O'Brien, Glasgow Univ
`... this contribution to new economic thinking is a must for all serious students of economics and social science.' - Turning Point 2000
`...the best overview of green economics that I have seen anywhere.' - Robert Gilman, In Context
`...contains many points of value' - New Statesman and Society
`A powerful statement of an important new economic perspective' - Oxfam