McKibben%2C+Reversal_of_Fortune

McKibben Reversal - 1 Reversal of Fortune By Bill McKibben | Thu March 1 2007 12:00 AM PST :Makemoney,gethappy. us ,.Youcouldtoss

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1 Reversal of Fortune By Bill McKibben | Thu March 1, 2007 12:00 AM PST The formula for human well-being used to be simple: Make money, get happy. So why is the old axiom suddenly turning on  us? For most of human history, the two birds More and Better roosted on the same branch. You could toss  one stone and hope to hit them both. That's why the centuries since Adam Smith launched modern  economics with his book  The Wealth of Nations  have been so single-mindedly devoted to the dogged  pursuit of maximum economic production. Smith's core ideas—that individuals pursuing their own  interests in a market society end up making each other richer; and that increasing efficiency, usually by  increasing scale, is the key to increasing wealth—have indisputably worked. They've produced more  More than he could ever have imagined. They've built the unprecedented prosperity and ease that  distinguish the lives of most of the people reading these words. It is no wonder and no accident that  Smith's ideas still dominate our politics, our outlook, even our personalities. But the distinguishing feature of our moment is this: Better has flown a few trees over to make her nest.  And that changes everything. Now, with the stone of your life or your society gripped in your hand, you  have to choose. It's More  or  Better. Which means, according to new research emerging from many quarters, that our continued devotion to  growth above all is, on balance, making our lives worse, both collectively and individually. Growth no  longer makes most people wealthier, but instead generates inequality and insecurity. Growth is bumping  up against physical limits so profound—like climate change and peak oil—that trying to keep expanding  the economy may be not just impossible but also dangerous. And perhaps most surprisingly,  growth no  longer makes us happier . Given our current dogma, that's as bizarre an idea as proposing that gravity  pushes apples skyward. But then, even Newtonian physics eventually shifted to acknowledge Einstein's  more complicated universe. 1.  "We can do it if we believe it": FDR, LBJ, and the invention of growth it was the great economist John Maynard Keynes who pointed out that until very recently, "there was no  very great change in the standard of life of the average man living in the civilized centers of the earth." At  the utmost, Keynes calculated, the standard of living roughly doubled between 2000 B.C. and the dawn  of the 18th century—four millennia during which we basically didn't learn to do much of anything new.  Before history began, we had already figured out fire, language, cattle, the wheel, the plow, the sail, the 
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This note was uploaded on 02/19/2011 for the course PHIL 111 taught by Professor Kain during the Fall '08 term at Purdue University-West Lafayette.

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McKibben Reversal - 1 Reversal of Fortune By Bill McKibben | Thu March 1 2007 12:00 AM PST :Makemoney,gethappy. us ,.Youcouldtoss

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