The Prosperity of Vice: A Worried View of Economics

The Prosperity of Vice: A Worried View of Economics

Hardback

By (author) Daniel Cohen, Translated by Susan Emanuel

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  • Publisher: MIT Press
  • Format: Hardback | 240 pages
  • Dimensions: 145mm x 203mm x 25mm | 386g
  • Publication date: 2 March 2012
  • Publication City/Country: Cambridge, Mass.
  • ISBN 10: 026201730X
  • ISBN 13: 9780262017305
  • Sales rank: 1,007,047

Product description

What happened yesterday in the West is today being repeated on a global scale. Industrial society is replacing rural society: millions of peasants in China, India, and elsewhere are leaving the countryside and going to the city. New powers are emerging and rivalries are exacerbated as competition increases for control of raw materials. Contrary to what believers in the "clash of civilizations" maintain, the great risk of the twenty-first century is not a confrontation between cultures but a repetition of history. In The Prosperity of Vice, the influential French economist Daniel Cohen shows that violence, rather than peace, has been the historical accompaniment to prosperity. Peace in Europe came only after the barbaric wars of the twentieth century, not as the outcome of economic growth. What will happen this time for today's eagerly Westernizing emerging nations? Cohen guides us through history, describing the European discovery of the "philosopher's stone": the possibility of perpetual growth. But the consequences of addiction to growth are dire in an era of globalization. If a billion Chinese consume a billion cars, the future of the planet is threatened. But, Cohen points out, there is another kind of globalization: the immaterial globalization enabled by the Internet. It is still possible, he argues, that the cyber-world will create a new awareness of global solidarity. It even may help us accomplish a formidable cognitive task, as immense as that realized during the Industrial Revolution--one that would allow us learn to live within the limits of a solitary planet.

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Author information

Daniel Cohen is Professor of Economics at the Ecole Normale Superieure and the Universite de Paris-I. A member of the Council of Economic Analysis of the French Prime Minister, he is the author of The Wealth of the World and the Poverty of Nations, Our Modern Times: The Nature of Capitalism in the Information Age, Globalization and Its Enemies, and Three Lectures on Post-Industrial Society, all published by the MIT Press.

Review quote

"This is a fascinating book that deserves a wide readership. I was sorry when it ended - which is a rare state of mind at the end of an economic tract."--Howard Davies, Times Higher Education