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Loading... The Moral Consequences of Economic Growthby Benjamin M. Friedman
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will love Sign up for LibraryThing to find out whether you'll like this book. Purchased at Half Price on 7/28 for 18$. Well argued. Develops the historical and psychological background for the argument that economic growth is a near requirement for the creation of a more "moral", free and open society. Sometimes weak when the author leaves US history where he is obviously more comfortable. The final section makes some half-hearted policy prescriptions primarily for US fiscal policy to stimulate future growth and is quite lightweight when compared to the rest of the book. no reviews | add a review
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Friedman's arguments are provocative but at times lack rigor. In his comparisons of various countries, he offers no objective data to measure their levels of social progress, relying instead on his own--sometimes selective--interpretation of historical events. He glosses over the fact that China, where the economy has grown sevenfold since 1978, has seen little political change in that time. He also acknowledges that the Great Depression--which brought Americans together to achieve great social and political progress--tends to disprove his theory. Friedman makes a good case that the economy sometimes influences social movements, but the jury is still out on exactly when and how that happens. --Alex Roslin
(retrieved from Amazon Fri, 24 Apr 2009 07:58:24 -0400)
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The author explores the relationship between economic progress and moral progress: do they go together? Yes, they do. But how exactly? Does economic progress result from morality? Or is it a demonstration or proof of morality? Or does it foster morality? These are the key questions examined in the context of the United States and three European countries.
There are a few instances where the author may have overstated his case. For example, on page 345, he states taht high income countries where freedom and democracy are well developed are at risk if incomes stagnate. Maybe in emerging democracies, but in Canada? I doubt it.
The policy prescriptions at the end of the book are its weakest part. Having read many books on public policy and almost always having this view, I believe academics/authors would provide more value by properly framing the important issues to be addressed and leaving the policy development work to policy makers. The author doesn't seem to understand how governments act. At times, government is completely absent from the analysis, yet all the "solutions" are based on government action. Cultural and religious contexts are also missing from the analysis of morality, which is never defined.
The author's blending of psychology with economic analysis is the strength of this book; it is the innovative idea, at least for me. The book is well researched and easy to read. (