David Boyle and Andrew Simms
Tree Hugger - The publication of 'The New Economics - A Bigger Picture' by David Boyle and Andrew Simms of The New Economics Foundation is well timed. Over a year after the collapse of Lehman Brothers many are beginning to feel optimistic about coming out of the recession. However there are a few, those who were gleeful during the darkest days of the credit crunch, who are now glum. People who had hoped that the collapse of the economy would produce a more sustainable system, are now concerned that in fact we're back to business as usual. Where are the new economics we were hoping for?
This book is an excellent guide to concept of the new economics, introducing us to the idea that economics does not have "to be stacked against social, environmental and individual well-being." 'The New Economics' outlines a new way of thinking about wealth and poverty, reconsidering what we place value on in our lives. Boyle and Simms's aim for the book is to show "us that real wealth can be measured by increased well-being and environmental sustainability rather than just having and consuming more things.". . .
In the concluding essay the authors discuss this question:
"Will the new economics become mainstream? You could say that the original sin at the heart of economics - the 6000 year old disconnect between money and life - is just too ancient to be healed... Yet it is still possible to organize new institutions - social, administrative and economic - that can force our economic systems to make life thrive rather than stifling it. Beyond that the new economics tradition has emerged from a range of influences, some mainstream, some emphatically not, to offer a more fundamental approach, and a set of solutions that are already at work all over the world and with increasing success."