The Affluent Society by J.K. Galbraith: review

Reading The Affluent Society is a revitalising and empowering shot in the arm for anyone questioning in any way what JK calls the "conventional wisdom". The book, first written in 1958 and then reissued as a new edition in 1998 is an astonishing tour de force, debunking and deconstructing the tenets of the "central tradition" of economics.

 

Five great grains with promise for the future

According to the United States Department of Agriculture, grains account for more than half of the calories consumed by people in developing countries. Yet, over the last few decades, grain production has been narrowed to only a limited number of varieties – wheat, for example, has over 200,000 varieties, yet only a few genetic lines are being used. Such dependence on a limited number of crops has proven problematic, especially because of rising food prices, climate change, and health concerns.

Uneconomic growth deepens depression

The US and Western Europe are in a recession threatening to become a depression as bad as that of the 1930s. Therefore we look to Keynesian policies as the cure, namely stimulate consumption and investment—that is, stimulate growth of the economy. It seemed to work in the past, so why not now? Should not ecological economics and steady-state ideas give way to Keynesian growth economics in view of the present crisis?

Amory Lovins lays out his clean energy plan

For four decades, Amory Lovins has been a leading proponent of a renewable power revolution that would wean the U.S. off fossil fuels and usher in an era of energy independence. In an interview with Yale Environment 360, he talks about his latest book, which describes his vision of how the world can attain a green energy future by 2050.

Review: “The Geography of Thought”

It was suggested that I read this book because I was looking for a Western proclivity for apocalypse fever. My conclusion after reading it is that change is simply scarier for the Westerner, while in Asia, change is so much the expected norm that it is taken in stride. I would add that Americans tend to spin out their horror far into the future or, as one therapist I know puts it, to awful-ize a situation. Watching Bangkok friends and family face the recent flood crisis with a remarkable amount of equanimity confirmed this for me.

Kick Wall Street to the curb, get $15 trillion

It was only a matter of time after we started eating local food and Buying Local from main street stores that we’d start hearing about local money…Now, Michael Shuman, the author of The Small Mart Revolution: How Local Businesses Are Beating the Global Competition (2006), wants to make local investing accessible to ordinary people.