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Bad Beliefs, Bad Outcomes
Economic Roots of Cultural, Ecological, and Moral Loss
Bad Beliefs, Bad Outcomes
Economic Roots of Cultural, Ecological, and Moral Loss
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Description
A powerful and provocative critique from one of the founders of ecological economics, this book reveals how the ideas that have shaped modern economies are also driving social inequality and environmental breakdown.
Drawing on a lifetime of scholarship, Richard B. Norgaard argues that understanding economics is essential to understanding humanity's relationship with both nature and morality. Economies should be guided by ethical judgement and scientific insight, yet economists have increasingly elevated market logic into a worldview, applying it to complex social and ecological systems where it fails. The result has been profound: distorted public policy, worsening inequality, accelerating climate disruption, and catastrophic biodiversity loss.
Dismantling conventional economic assumptions about resource scarcity, climate change, ecosystem services, and private property, Norgaard exposes their limitations in a deeply interconnected world. Urgent, incisive, and ambitious, this book offers a compelling alternative: an equitable, technologically selective form of degrowth grounded in ecological realities, intercultural learning, and a renewed commitment to the common good.
Accessibility Information
Additional accessibility information
- PDF/UA-2, 1.4
- accessibility@bloomsbury.com
Hazards
The publication contains no hazards
Support for non-visual reading
Has alternative text descriptions for images
Navigation
- Page list to go to pages from the print source version
- Elements such as headings, tables, etc for structured navigation
- All or substantially all textual matter is arranged in a single logical reading order
Table of Contents
Prologue: Life is Sacred
Introduction
Chapter 1 Economics as Religion
Chapter 2 Modern Economic Beliefs
Chapter 3 The Nature of Economics-Through the Eyes of Ronald H. Coase
Chapter 4 Equity: A Chosen Ignorance
Chapter 5 A Delusionally Conceived Cornucopia
Chapter 6 Dead Wrong Policy Analysis
Chapter 7 The Elusive Environmental Kuznets Curve
Chapter 8 Commoditizing the Complex Evolving Natural Order
Chapter 9 Globalizing Structural Sin: Not Even Good Economics
Chapter 10 Three Economic Models of Climate Change
Chapter 11 Optimizing Nature's End
Chapter 12 Americanizing American Indians: A Sordid Tale of Property and Modernity
Chapter 13 Collective Cognizance: A Brief History
Chapter 14 A Pluriverse of Learning Cultures with People Living in Relationality
Chapter 15 Tenets for Collective Cognizance in Tumultuous Times
Concluding Hopes
References
Product details
| Published | 29 Apr 2027 |
|---|---|
| Format | Ebook (PDF) |
| Edition | 1st |
| Pages | 288 |
| ISBN | 9781350602595 |
| Imprint | Bloomsbury Academic |
| Publisher | Bloomsbury Publishing |
About the contributors
Reviews
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'Among the best critics of today's reigning economics and the mindset it supports, one sometimes finds economists. And one of the most profound and historically acute of them is Richard Norgaard. His new book leads not to the shoring up of a flawed economics but to something radically different. Highly recommended.'
James Gustave Speth, Co-founder, Natural Resources Defense Council, USA
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'This book is a tour de force arising from a half century of engagement at the science-policy interface, broad reading, and deep reflection! Dick Norgaard, a visionary founder of ecological economics, has created a comprehensive analysis of our current crises with compelling suggestions of ways forward. There are few people who write as effectively about the problems of neo-liberal economics to meet our environmental challenges. To read it is to savor vintage wine.'
Mary Evelyn Tucker and John Grim, Yale Forum on Religion and Ecology, USA
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'Richard Norgaard's new book about the history, teaching, and practice of economics, especially in the United States, should be widely read and discussed. It is insightful, informative, engaging, and disturbing, and is clearly written. Norgaard's main charge is that economics has become detached from reality and morality. As a result, it does little more than support dominant beliefs that, in Norgaard's words, soothes souls and calms concern. This, at a time when economic, environmental, and social systems are breaking down and new thinking and thoughtful action is required. If you have ever wondered where the mistaken and misleading ideas of economists came from, why they are so influential, and why it is essential to adopt a different world view from that promulgated by economists, this is the book for you.'
Peter A. Victor, York University, Canada
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'Richard Norgaard is one of those rare economists who sees the economy not as a quasi-mystical system but as part of the larger living world. Directing the Invisible Hand provides a compelling explanation of why the “science” of economics has failed people and planet so profoundly. Norgaard deftly weaves together economics and ecology, history and politics, culture and theology-all to explain how we got here and what we must do to change human behavior if we want to protect people and planet.'
Robert Jensen, University of Texas, USA
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Richard Norgaard's new book Directing the Invisible Hand is very nearly in a class of its own. Not since J.K. Galbraith's The Affluent Society (1958) has a book appeared on economic beliefs both so deeply focused and so engaging to read.Norgaard's book is likely for decades to be a major reference point in the increasingly front-page discussion of our economy-caused social and ecological disasters. To be a part of the discussion, you should read American Economism today.
Edward Fullbrook, Real-World Economic Review, UK
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What an astonishing claim! The global economy is the largest faith system in human history, says Richard Norgaard. He goes on to dissect the economic myths we live by: the unfettered faith in markets, the glorification of individualism, the hysterical belief in property, the worship of the corporation, the desacralization of nature. And he points to an economy for the common good that promotes a plurality of cultures. This is the book to pick up if you are puzzled by our strange impotence in responding to our climate and nature emergency.
Wolfgang Sachs, Director of the Wuppertal Institute, Germany

























