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The Economics of Enough: How to Run the Economy as If the Future Matters

Author

Listed:
  • Diane Coyle

    (University of Manchester)

Abstract
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 is run. How can we achieve the financial growth we need today without sacrificing a decent future for our children, our societies, and our planet? How can we realize what Coyle calls "the Economics of Enough"? Running the economy for tomorrow as well as today will require a wide range of policy changes. The top priority must be ensuring that we get a true picture of long-term economic prospects, with the development of official statistics on national wealth in its broadest sense, including natural and human resources. Saving and investment will need to be encouraged over current consumption. Above all, governments will need to engage citizens in a process of debate about the difficult choices that lie ahead and rebuild a shared commitment to the future of our societies. Creating a sustainable economy--having enough to be happy without cheating the future--won't be easy. But The Economics of Enough starts a profoundly important conversation about how we can begin--and the first steps we need to take.

Suggested Citation

  • Diane Coyle, 2012. "The Economics of Enough: How to Run the Economy as If the Future Matters," Economics Books, Princeton University Press, edition 1, number 9402.
    • Handle: RePEc:pup:pbooks:9402
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    Citations

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    Cited by:

    1. Ben R. Martin, 2016. "Twenty challenges for innovation studies," Science and Public Policy, Oxford University Press, vol. 43(3), pages 432-450.
    2. Hans-Jürgen Engelbrecht, 2015. "A General Model of the Innovation - Subjective Well-Being Nexus," Economic Complexity and Evolution, in: Andreas Pyka & John Foster (ed.), The Evolution of Economic and Innovation Systems, edition 127, pages 69-90, Springer.
    3. Ayman Reda, 2013. "Islam and Markets," Review of Social Economy, Taylor & Francis Journals, vol. 71(1), pages 20-43, March.
    4. Helmut Kramer, 2014. "Reformbedarf der Nationalökonomie," WIFO Monatsberichte (monthly reports), WIFO, vol. 87(12), pages 823-833, December.
    5. Wennström, Johan, 2015. "The Complex Roots of Deprofessionalization: A Case Study of New Public Management," Working Paper Series 1087, Research Institute of Industrial Economics, revised 11 Aug 2016.
    6. Peter Sinclair, 2016. "Ezra Mishan, Contrarian And Sage: An Appreciation," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(03), pages 1-9, June.
    7. Olivér Kovács, 2019. "Grounding Complexity Economics in Framing Modern Governance," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 69(4), pages 571-594, December.
    8. Magnus Henrekson, 2014. "Entrepreneurship, innovation, and human flourishing," Small Business Economics, Springer, vol. 43(3), pages 511-528, October.
    9. Leanne Seeliger & Ivan Turok, 2013. "Towards Sustainable Cities: Extending Resilience with Insights from Vulnerability and Transition Theory," Sustainability, MDPI, vol. 5(5), pages 1-21, May.
    10. D. Warner North, 2011. "Risk and responsibility: rejoinder to the paper by Silvio Funtowicz and Roger Strand," Journal of Risk Research, Taylor & Francis Journals, vol. 14(8), pages 1009-1015, September.

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