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Life After Growth: How the global economy really works - and why 200 years of growth are over

Name: Life After Growth: How the global economy really works - and why 200 years of growth are over
Price: 73.41 USD
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Rating: 4.1 (63 reviews)

4.1 of 5 Stars: International - Life After Growth: How the global economy really works - and why 200 years of growth are over

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Book Synopsis: Why, years after the banking crisis, is the global economy still mired in recession and burdened by enormous debts? Why have the tried-and-tested economic policies of the past failed us this time? In Life After Growth, leading City analyst Tim Morgan sets out a ground-breaking analysis of how the economy really works. Economists are mistaken, he argues, when they limit their interpretation of the economy to matters of money. Ultimately, the economy is an energy system, not a monetary one. From this, it follows that we need to think in terms of two economies, not one - a 'real' economy of work, energy, resources, goods and services, and a parallel, 'financial' economy of money and debt. These two economies have parted company, allowing the financial economy to pile up promises that the real economy cannot meet. Starting with the discovery of agriculture, Tim Morgan traces the rise of the economy in terms of work, energy and resources. The driving factor, he explains, has been cheap and abundant energy. As energy has become increasingly costly to obtain, the potential for prosperity has diminished, to the point where growth in the real economy has ceased. An immediate problem is that our commitments - including debt, investments and welfare promises - cannot be honoured, which means that we can expect the financial system to be wracked by value destruction. At the same time, we need to adapt to a future in which prosperity can no longer be taken for granted. #lifeaftergrowth

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Are you tired of the global economy constantly struggling? Have you ever wondered why traditional economic policies just aren't cutting it anymore? Look no further than "Life After Growth: How the global economy really works - and why 200 years of growth are over." This ground-breaking book by leading City analyst Tim Morgan will open your eyes to a new way of thinking about the economy.

Forget about the tried-and-tested methods of looking at the economy purely in terms of money. Morgan challenges economists to consider the economy as an energy system, not just a monetary one. With this perspective, he introduces the idea of two economies, the 'real' economy of work, energy, resources, goods, and services, and the parallel 'financial' economy of money and debt.

Through an engaging historical analysis, Morgan reveals how cheap and abundant energy has been the driving force behind economic growth. However, as energy becomes more expensive and scarce, our potential for prosperity diminishes. The result? Growth in the real economy comes to a screeching halt.

But that's not all. The current economic climate poses an immediate problem - our commitments, such as debt and welfare promises, cannot be honored. Brace yourself for value destruction within the financial system. It's clear that we need to adapt to a future where prosperity can no longer be taken for granted.

Ready to gain a new perspective on the global economy? Get your hands on "Life After Growth" and join the discussion on the future of our economy. Act now and be prepared for what lies ahead.

Interested in understanding the future of the global economy? Don't miss out on "Life After Growth" - order your copy today!

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