Mass Flourishing

Mass Flourishing

In this book, Nobel Prize-winning economist Edmund Phelps draws on a lifetime of thinking to make a sweeping new argument about what makes nations prosper--and why the sources of that prosperity are under threat today. Why did prosperity explode in some nations between the 1820s and 1960s, creating not just unprecedented material wealth but "flourishing"--meaningful work, self-expression, and personal growth for more people than ever before? Phelps makes the case that the wellspring of this flourishing was modern values such as the desire to create, explore, and meet challenges. These values fueled the grassroots dynamism that was necessary for widespread, indigenous innovation. Most innovation wasn't driven by a few isolated visionaries like Henry Ford and Steve Jobs; rather, it was driven by millions of people empowered to think of, develop, and market innumerable new products and processes, and improvements to existing ones. Mass flourishing--a combination of material well-being and the "good life" in a broader sense--was created by this mass innovation. Yet indigenous innovation and flourishing weakened decades ago. In America, evidence indicates that innovation and job satisfaction have decreased since the late 1960s, while postwar Europe has never recaptured its former dynamism. The reason, Phelps argues, is that the modern values underlying the modern economy are under threat by a resurgence of traditional, corporatist values that put the community and state over the individual. The ultimate fate of modern values is now the most pressing question for the West: will Western nations recommit themselves to modernity, grassroots dynamism, indigenous innovation, and widespread personal fulfillment, or will we go on with a narrowed innovation that limits flourishing to a few? A book of immense practical and intellectual importance, Mass Flourishing is essential reading for anyone who cares about the sources of prosperity and the future of the West.

Publisher Princeton University Press
Release Date
ISBN 0691165793
Pages 392 pages
Rating 4/5 (90 users)
Read More

More Books:

Mass Flourishing
Language: en
Pages: 392
Authors: Edmund S. Phelps
Categories: Business & Economics
Type: BOOK - Published: 2015-03-22 - Publisher: Princeton University Press

In this book, Nobel Prize-winning economist Edmund Phelps draws on a lifetime of thinking to make a sweeping new argument about what makes nations prosper--and
Freedom, Progress, and Human Flourishing
Language: en
Pages: 242
Authors: Winton Russell Bates
Categories: Business & Economics
Type: BOOK - Published: 2021-05-12 - Publisher: Rowman & Littlefield

In this book, Winton Bastes discusses the relationships between freedom, progress, and human flourishing. Bates asserts that freedom enables individuals to flou
Deep Change and Emergent Structures in Global Society
Language: en
Pages: 287
Authors: Andrea M. Maccarini
Categories: Social Science
Type: BOOK - Published: 2019-03-01 - Publisher: Springer

This book addresses the problem of the transition to new forms of social order in the global world. As a haunting sense of historical discontinuity pervades Wes
The Humanity of Private Law
Language: en
Pages: 296
Authors: Nicholas McBride
Categories: Law
Type: BOOK - Published: 2018-12-27 - Publisher: Bloomsbury Publishing

The Humanity of Private Law presents a new way of thinking about English private law. Making a decisive break from earlier views of private law, which saw priva
The Wall and the Bridge
Language: en
Pages: 224
Authors: Glenn Hubbard
Categories: Political Science
Type: BOOK - Published: 2022-01-04 - Publisher: Yale University Press

An informed argument for an economic policy based on bridges of preparation and adaptation rather than walls of protection and exclusion “When technological c
The Technology Trap
Language: en
Pages: 480
Authors: Carl Benedikt Frey
Categories: Business & Economics
Type: BOOK - Published: 2019-06-18 - Publisher: Princeton University Press

How the history of technological revolutions can help us better understand economic and political polarization in the age of automation From the Industrial Revo
Growth Without Inequality
Language: en
Pages: 160
Authors: Henry K. H. Woo
Categories: Business & Economics
Type: BOOK - Published: 2017-03-27 - Publisher: Taylor & Francis

Many years on after the 2007–8 financial crisis, most developed nations still find themselves in a state of weak recovery, high debt pile-up and distributive
The American School Board Journal
Language: en
Authors: William George Bruce
Categories: Education
Type: BOOK - Published: 1895 - Publisher:

The Elgar Companion to Innovation and Knowledge Creation
Language: en
Pages: 840
Authors: Harald Bathelt
Type: BOOK - Published: - Publisher: Edward Elgar Publishing

This unique Companion provides a comprehensive overview and critical evaluation of existing conceptualizations and new developments in innovation research. It d
Sweet's Amusement Directory and Travelers' Guide
Language: en
Pages: 480
Authors: O. P. Sweet
Categories: Canada
Type: BOOK - Published: 1871 - Publisher: