economics

Book review – Growth: From Microorganisms to Megacities

8-minute read

Growth as a process is ubiquitous. It is the hallmark of every living organism. It motivates much of what we as humans do, as often unspoken as it is outspoken. It is the narrative lens through which we examine societies and civilizations past and present. And it is the altar at which economists worship. You would think that nobody in their right mind would write a book that tries to encompass all of the above. Leave it to a deep thinker such as Vaclav Smil to prove to you otherwise.

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Book review – The Technology Trap: Capital, Labor, and Power in the Age of Automation

8-minute read

The robot apocalypse has become a well-worn trope that will elicit laughter more than concern. But there is a far more direct threat from artificial intelligence or AI: economic disruption. Technology can and has taken jobs away from humans. I first started taking this idea more seriously after watching CGP Grey’s short documentary Human Needs Not Apply. If you enjoyed that video, this book is the must-read follow-up. Economist and historian Carl Benedikt Frey provides a soundly argued and clearly written book on the history of technological revolutions and what lessons these hold for future job security.

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Book review – Time and the Generations: Population Ethics for a Diminishing Planet

7-minute read

How many people can planet Earth support? That is the thorny question that economist Partha Dasgupta tackles in Time and the Generations. Or, as he asks: “How should we evaluate the ethics of procreation, especially the environmental consequences of reproductive decisions on future generations, in a resource-constrained world?” Given that I have previously called overpopulation the elephant in the room that few wish to address, my interest was immediately piqued.

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Book review – More from Less: The Surprising Story of How We Learned to Prosper Using Fewer Resources – And What Happens Next

8-minute read

More from Less makes the optimistic case that our impact on the planet is diminishing. We are past “peak stuff” and thanks to continued technological innovation our economy is dematerializing. That is to say, economic growth has become decoupled from resource consumption. Or, as the title puts it succinctly, we are getting more from less.

I was initially sceptical when I learned of this book. My outlook on the state of the world is not nearly as optimistic. So, from the blurb’s counterintuitive claim that “we’ve stumbled into an unexpected balance with nature”, to Steven Pinker’s triumphant endorsement that those who think we’re doomed by overpopulation and resource depletion are wrong – I was ready to go bananas on this book. But I would be a poor reviewer if I let my prejudices get the better of me.

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