Rethinking Economics

  • Mark E. Clark

Abstract

Though couched in the esoteric language of economics, this perceptive statement simply means that it is not consumption which provides economic well-being, but the use of things like cars, shoes and houses that give long-lasting service. Yet most economists encourage precisely the opposite: ‘economic growth’ — an ever-expanding rate of production and consumption, with all the negative environmental outcomes they entail. Why are they unable to reconcile their understanding of economics with the realities of a finite Earth — our ‘spaceship Earth’ as Kenneth Boulding first called it? Without reconstructing in detail the tenets of conventional economic thinking, which in any case is in considerable disarray, this chapter examines some of its major fallacies, so that economic ideas about the world can be re-created on a sounder base.

Keywords

Dust Depression Europe Transportation Rubber 

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Notes and References

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Copyright information

© Mark E. Clark 1989

Authors and Affiliations

  • Mark E. Clark
    • 1
  1. 1.San Diego State UniversityUSA

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