Growth for Good

Reshaping Capitalism to Save Humanity from Climate Catastrophe

Alessio Terzi

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Hardback

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English

Harvard Uni.Press Academi
09 August 2022

Central government policies; Economics & Business; Environmental economics; Economic systems & structures; Economic history; Organisational theory & behaviour

From the front lines of economics and policymaking, a compelling case that economic growth is a force for good and a blueprint for enrolling it in the fight against climate change.

Economic growth is wrecking the planet. It's the engine driving climate change, pollution, and the shrinking of natural spaces. To save the environment, will we have to shrink the economy? Might this even lead to a better society, especially in rich nations, helping us break free from a pointless obsession with material wealth that only benefits the few? Alessio Terzi takes these legitimate questions as a starting point for a riveting journey into the socioeconomic, evolutionary, and cultural origins of our need for growth. It's an imperative, he argues, that we abandon at our own risk.

Terzi ranges across centuries and diverse civilizations to show that focus on economic expansion is deeply interwoven with the human quest for happiness, well-being, and self-determination. Growth, he argues, is underpinned by core principles and dynamics behind the West's rise to affluence. These include the positivism of the Enlightenment, the acceleration of science and technology and, ultimately, progress itself. Today growth contributes to the stability of liberal democracy, the peaceful conduct of international relations, and the very way our society is organized through capitalism. Abandoning growth would not only prove impractical, but would also sow chaos, exacerbating conflict within and among societies.

This does not mean we have to choose between chaos and environmental destruction. Growth for Good presents a credible agenda to enroll capitalism in the fight against climate catastrophe. With the right policies and the help of engaged citizens, pioneering nations can set in motion a global decarbonization wave and in parallel create good jobs and a better, greener, healthier world.

By: Alessio Terzi
Imprint: Harvard Uni.Press Academi
Country of Publication: United States
Dimensions: Height: 235mm, Width: 156mm,
ISBN: 9780674258426
ISBN 10: 0674258428
Pages: 368
Publication Date: 09 August 2022
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Alessio Terzi is Economist at the European Commission's Directorate-General for Economic and Financial Affairs. Prior to this, he was an Affiliate Fellow at the think tank Bruegel and a Fulbright Scholar at the Harvard Kennedy School. His research and commentaries have appeared in leading media outlets including BBC World News, Financial Times, and the Wall Street Journal.

Reviews for Growth for Good: Reshaping Capitalism to Save Humanity from Climate Catastrophe

Are capitalism and economic growth the source of humanity's most pressing problems-climate change in particular-or the solution? Whichever way you come out on this question, this book will be a revelation. Terzi's optimistic and compelling message is that a green and more equitable future is possible, but only if we remake capitalism as we know it. -- Dani Rodrik, Harvard University Growth for Good is thought-provoking and important, and builds a compelling case by linking the literature on economic growth, inequality, and climate change. I hope this book reaches the hands of economic advisors of key politicians and persuades them to embrace the future. -- Roger Fouquet, editor of <i>Handbook on Green Growth</i>