The Growth Delusion: Wealth, Poverty, and the Well-Being of Nations
Written by David Pilling
Narrated by Elliot Hill
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About this audiobook
A provocative critique of the pieties and fallacies of our obsession with economic growth
We live in a society in which a priesthood of economists, wielding impenetrable mathematical formulas, set the framework for public debate. Ultimately, it is the perceived health of the economy which determines how much we can spend on our schools, highways, and defense; economists decide how much unemployment is acceptable and whether it is right to print money or bail out profligate banks.
The backlash we are currently witnessing suggests that people are turning against the experts and their faulty understanding of our lives. Despite decades of steady economic growth, many citizens feel more pessimistic than ever, and are voting for candidates who voice undisguised contempt for the technocratic elite. For too long, economics has relied on a language which fails to resonate with people's actual experience, and we are now living with the consequences.
In this powerful, incisive book, David Pilling reveals the hidden biases of economic orthodoxy and explores the alternatives to GDP, from measures of wealth, equality, and sustainability to measures of subjective wellbeing. Authoritative, provocative, and eye-opening, The Growth Delusion offers witty and unexpected insights into how our society can respond to the needs of real people instead of pursuing growth at any cost.
David Pilling
David Pilling has been a prize-winning reporter and editor with the Financial Times for twenty-five years. Throughout most of his career he has been a foreign correspondent and has worked and reported from Asia to America and from Africa to Latin America. Currently the Africa editor for the Financial Times, he was previously the Asia editor, running coverage across the continent, while for the past decade, he has also been one of the newspaper's featured columnists. He has conducted dozens of interviews with world leaders, business executives, economists, artists and novelists from around the world. He is the winner of several journalistic prizes, including Best Commentator prize by the Society of Publishers in Asia in both 2011 and 2012 and Best Foreign Commentator for 2011 in the UK's Editorial Intelligence Comment Awards for coverage of China, Japan and Pakistan. His first book, Bending Adversity: Japan and the Art of Survival (Allen Lane, 2014), received outstanding reviews. David Pilling lives in London but travels frequently to Africa. @davidpilling
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