Mass Flourishing (eBook)

How Grassroots Innovation Created Jobs, Challenge, and Change

Edmund S. Phelps (Autor)

eBook Download: PDF | EPUB

2013
392 Seiten
Princeton University Press (Verlag)
978-1-4008-4829-4 (ISBN)

Infos

PhelpsEdmund S.:

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.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.

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In this book, Nobel Prize-winning economist Edmund Phelps draws on a lifetime of thinking to make 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 "e;flourishing"e;--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 well-being and the "e;good life"e; 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? A book of immense practical and intellectual importance, Mass Flourishing is essential reading for anyone who cares about the sources of prosperity and the future of the West.

Produkt-Details

• Erscheint lt. Verlag: 19.8.2013
• Zusatzinfo: 20 line illus. 5 tables.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Politische Theorie
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Schlagworte: Amartya Sen • americans • Bank • business sector • Calculation • Capitalism • Career • central government • Competition • Consumer goods • Corporatism • Creditor • cronyism • Customer • Daniel Defoe • downswing • Economic bubble • Economic Development • Economic Growth • Economics • economist • economy • Employment • entitlement • Entrepreneurship • Financial Inclusion • financier • Flourishing • Friedrich Hayek • Government Debt • Henri Bergson • Household • income • Individualism • industrialisation • Industry • inefficiency • Inflation • Institution • Interest Rate • Investment • Investor • job satisfaction • John Maynard Keynes • John Rawls • Knowledge Economy • Lecture • Legislation • Limited liability • Literature • Make a Difference • Market Economy • Measures of national income and output • middle class • Modernity • Nationalization • Neoclassical Economics • Personal development • Philosopher • Politician • Politics • Princeton University Press • private sector • Productivity • Protestantism • Public sector • Recession • Regulation • Retirement • Romanticism • salary • saving • Self-Actualization • Share Price • slowdown • Social Insurance • socialist economics • Sociology • Speculation • startup company • Subsidy • Supply (economics) • Tax • Tax Cut • Tax Rate • The Road to Serfdom • Total Factor Productivity • Trade Union • Traditional economy • Uncertainty • Unemployment • urbanization • wage • Wealth • welfare • Workforce • World Economy • World Values Survey • World War II • Writing
• ISBN-10: 1-4008-4829-6 / 1400848296
• ISBN-13: 978-1-4008-4829-4 / 9781400848294