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Ferraris for All
Book

Ferraris for All

In defence of economic progress

Policy Press, 2010 更多详情


Editorial Rating

8

Qualities

  • Controversial
  • Well Structured
  • Visionary

Recommendation

If you’ve ever felt guilty about the accoutrements of life in the developed world – plentiful cars, abundant food, cheap energy – economics and finance journalist Daniel Ben-Ami says to stop. He contends that society’s elites are afflicted with wrongheaded ideas about how to improve the world. He argues that underprivileged countries desperately need capitalist growth to improve their people’s lives, and that developed nations should try to help them boom, not weigh them down with self-denial programs. Ben-Ami’s thinking and writing is spotlessly clear but unbendingly hard, and every once in a while he wanders off the path of logic. Nonetheless, he makes a formidable, controversial case. getAbstract suggests his book to corporate managers working on global outreach, economists, and big thinkers who want to ensure the invisible hand is outstretched for a leg up, not a slap in the face.

Take-Aways

  • Since the Industrial Revolution, economic growth and technological advances have vastly improved the quality of human life.
  • But “growth skepticism” is now replacing the idea of economic expansion, which was dominant for over two centuries.
  • Growth skepticism believes that natural resources are finite; it is a flawed, neo-Malthusian approach that shuns social change.

About the Author

British journalist Daniel Ben-Ami has covered economics and finance for more than 20 years. He is the author of Cowardly Capitalism and the editor of Fund Strategy, a London investment newsletter.


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