This book argues for a reassessment of the way a nation's wealth is measured that goes beyond the simple measurement of GDP to include on all capital - produced, human, natural and social - that contribute to human well-being and national wealth in the broadest sense.By including natural resources, ecosystems and biodiversity in the measurement of national wealth, inclusive wealth ensures that economic development is sustainable and safeguards future prosperity.

Public understanding of, and outcry over, the dire state of the climate and environment is greater than ever before. Parties across the political spectrum claim to be climate leaders, and overt denial is on the way out. Yet when it comes to slowing the course of the climate and nature crises, despite a growing number of pledges, policies and summits, little ever seems to change. Nature is being destroyed at an unprecedented rate. We remain on course for a catastrophic 3°C of warming. What'...

For over forty years, David Harvey has been one of the world's most trenchant and critical analysts of capitalist development. In The Enigma of Capital, he delivers an impassioned account of how unchecked neoliberalism produced the system-wide crisis that now engulfs the world. Beginning in the 1970s, profitability pressures led the capitalist class in advanced countries to shift away from investment in industrial production at home toward the higher returns that financial products promise...

What can the ideas of history's greatest economists tell us about the most important issues of our time?'The best place to start to learn about the very greatest economists of all time' Professor Tyler Cowen, author of The Complacent Class and The Great Stagnation___________________________Since the days of Adam Smith, economists have grappled with a series of familiar problems -- but often their ideas are ...

Welfare states vary across nations and change over time. And the balance between markets and government; free enterprise and social protection is perennially in question. But all developed societies have welfare states of one kind or another - they are a fundamental dimension of modern government. And even after decades of free-market criticism and reform, their core institutions have proven resilient and popular. This Very Short Introduction describes the modern welfare state, ex...

The world's leading economies are facing not just one but many crises. The financial meltdown may not be over, climate change threatens major global disruption, economic inequality has reached extremes not seen for a century, and government and business are widely distrusted. At the same time, many people regret the consumerism and social corrosion of modern life. What these crises have in common, Diane Coyle argues, is a reckless disregard for the future--especially in the way the economy...

What do we mean by development? How can citizens, governments and the international community foster development? The process by which nations escape poverty and achieve economic and social progress has been the subject of extensive examination for hundreds of years.The notion of development itself has evolved from an original preoccupation with incomes and economic growth to a much broader understanding of development. In this Very Short Introduction Ian Goldin considers the cont...

For three centuries the capitalist system has shaped western society, informed its rulers, and conditioned the lives of its people. Has the time come to move beyond it? Using his unrivalled knowledge of the subject, Harvey lays bare the follies of the international financial system, looking at the nature of capitalism, how it works and why sometimes it doesn't. He examines the vast flows of money that surge round the world in daily volumes well in excess of the sum of all its economies. He...

What is capitalism? Is capitalism the same everywhere? Is there an alternative? The word 'capitalism' is one that is heard and used frequently, but what is capitalism really all about, and what does it mean? The book begins by addressing basic issues such as 'what is capital?' before discussing the history and development of capitalism through three detailed and absorbing case studies ranging from the tulipomania of seventeenth-century Holland to the recent Enron crisis in America. Fulcher...

The term “degrowth” has emerged within ecological and other heterodox schools of economics as a critique of the idea (and ideology) of economic growth. Degrowth argues that economic growth is no longer desirable – its costs exceed its benefits – and advocates a transformation of economies so that they produce and consume less, differently and better.Giorgos Kallis provides a clear and succinct guide to the central ideas of degrowth theory and explores what it would take for an econ...

A masterful introduction to the key ideas behind the successes—and failures—of free-market economicsSince 1946, Henry Hazlitt’s bestselling Economics in One Lesson has popularized the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything. But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can’t explain why they often fail so badly—or what we ...

For decades, David Harvey has been teaching Marx's work, particularly Capital, to great acclaim. He has analysed chapter by chapter - sometimes line-by-line - Marx's three volumes and the Grundrisse. This new book opens up the mental universe of that work for a general reader.In The Story of Capital, Harvey takes a synoptic approach to the conceptual architecture as a whole and guides us through the key moments, from labour and technology to the state and...