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Philip Smith,Manfred Max-Neef

Economics Unmasked

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The economic system under which we live not only forces the great majority of humankind to live their lives in indignity and poverty but also threatens all forms of life on Earth. Economics Unmasked presents a cogent critique of the dominant economic system, showing that the theoretical constructions of mainstream economics work mainly to bring about injustice. The merciless onslaught on the global ecosystem of recent decades, brought about by the massive increase in the production of goods and the consequent depletion of nature's reserves, is not a chance property of the economic system. It is a direct result of neoliberal economic thinking, which recognizes value only in material things. The growth obsession is not a mistaken conception that mainstream economists can unlearn, it is inherent in their view of life. But a socio-economic system based on the growth obsession can never be sustainable. This book outlines the foundations of a new economics where justice, human dignity, compassion and reverence for life are the guiding values. Contrary to the absurd assumption of mainstream economists that economics is a value-free science, a new economics must make its values explicit.
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284 printed pages
Original publication
2011
Publication year
2011
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Quotes

  • Hector Arteagahas quoted8 years ago
    His case was similar to that of Frederick Soddy, a Nobel Laureate in Chemistry, who in the early 1920s wrote a couple of books through which it became evident that he understood economics better than most economists; for this he was of course ridiculed and excommunicated by the economics establishment, and his books were banned from the reading lists of students
  • Hector Arteagahas quoted8 years ago
    they decide to familiarize themselves with the discipline.
  • Hector Arteagahas quoted8 years ago
    This joint intellectual and spiritual adventure with Philip has been one of the most enriching experiences in my life. It was also fascinating to personally witness how easy it is for natural scientists to discover the many inconsistencies and mathematical absurdities of economics once

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