For the Common Good: Redirecting the Economy Toward Community, the Environment, and a Sustainable Future

For The Common Good: Redirecting the Economy toward Community, the Environment, and a Sustainable FutureAuthor(s): Herman E. Daly, John B., Jr. Cobb

Publisher: Beacon Press

Paperback: 534 pages

ISBN: 0807047058

ISBN-13: 978-0807047057

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2nd Edition
Publication date: April 1994

Booknews, Inc. , 04/01/90: Daly (economist, the World Bank) and Cobb (philosophy, Claremont Graduate School) expose the outmoded abstractions of mainstream economic theory. They conclude, in particular, that economic growth–the prevailing yardstick for measuring economic success–is no longer an appropriate goal as energy consumption, overpopulation, and pollution increase. Instead, they propose a new measure for the economy–the Index of Sustainable Economic Welfare. Annotation copyright Book News, Inc. Portland, Or.

Table of Contents
Pt. 1. Economics as an Academic Discipline
1. The Fallacy of Misplaced Concreteness in Economics and Other Disciplines
2. Misplaced Concreteness: The Market
3. Misplaced Concreteness: Measuring Economic Success
4. Misplaced Concreteness: Homo economicus
5. Misplaced Concreteness: Land
Pt. 2. New Beginnings
6. From Academic Discipline to Thought in Service of Community
7. From Chrematistics to Oikonomia
8. From Individualism to Person-in-Community
9. From Cosmopolitanism to Communities of Communities
10. From Matter and Rent to Energy and Biosphere
Pt. 3. Policies for Community in the United States
11. Free Trade versus Community
12. Population
13. Land Use
14. Agriculture
15. Industry
16. Labor
17. Income Policies and Taxes
18. From World Domination to National Security
Pt. 4. Getting There
19. Possible Steps
20. The Religious Vision
Afterword: Money, Debt, and Wealth
Appendix: The Index of Sustainable Economic Welfare

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