MARC Record from marc_nuls

LEADER: 04042cam 2200337Ia 4500
001 9925162140601661
005 20150423153717.0
008 140422s2013 njua b 001 0 eng d
010 $a2013936720
016 7 $a016460357$2Uk
020 $a0691158983
020 $a9780691158983
035 $a(OCoLC)840582137
035 $a(OCoLC)ocn840582137
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049 $aCNUM
050 4 $aHC51$b.P54 2013
082 04 $a330.09$223
100 1 $aPhelps, Edmund S.
245 10 $aMass flourishing :$bhow grassroots innovation created jobs, challenge, and change /$cEdmund Phelps.
260 $aPrinceton :$bPrinceton University Press,$cc2013.
300 $axii, 378 p. :$bill. ;$c24 cm.
504 $aIncludes bibliographical references and index.
505 00 $tIntroduction : Advent of the modern economies --$gPart One:$tThe experience of the modern economy.$tHow modern economies got their dynamism --$tMaterial effects of the modern economies --$tThe experience of modern life --$tHow modern economies formed --$gPart Two:$tAgainst the modern economy.$tThe lure of socialism --$tThe third way : corporatism right and left --$tWeighing the rivals on their terms --$tThe satisfaction of nations --$gPart Three:$tDecay and refounding.$tMarkers of post-1960s decline --$tUnderstanding the post-1960s decline --$tThe good life : Aristotle and the moderns --$tThe good and the just --$tEpilogue : Regaining the modern.
520 $aPhelps explores 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?
520 $a"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; 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's description.
650 0 $aEconomic history.
650 0 $aEconomics.
947 $fSOBM$hBOOK$p$25.76$q1
949 $aHC51 .P54 2013$i31786102890941
994 $a92$bCNU