The Price of Civilization
The biggest problem here is the disconnect between parts I and II. Part I is spent explaining why and how the system (systems?) is broken, and part II is Sachs's advice on fixing it. But the solutions often seem to gloss over politic ...more
Much of this book is about the shared social responsibility of the wealthy, and of corporations. Sachs is strongly against the huge political influence of large corporations. He is definitely a liberal--but that does not mean h ...more
At the end of the day, it all boils down to greed and doing things today without any thought as to the consequences tomorrow. I am really wary of anyone who relies on some cultural awakening by young people to right the ship, didn't we go through this with the Baby Boomers and aren't they the ones causing a lot of the mess? The thing is, the author ...more
In Part I, he diagnoses America’s current economic crisis, detailing how prosperity has been lost, the free-market fallacy, and Washington’s retreat from a sense of publ ...more
Mr. Sachs writes passionately and persuasively. "A society of markets, laws, and elections is not enough if the rich and powerful fail to behave with respect, honesty, and compassion to ...more
Jeffrey Sachs, Random House, 2011
Sachs says, “Much of this book is about the social responsibility of the rich” and about society’s shared values and the need to plan ahead to achieve common goals. The book is also a diagnosis of the failure of the American economy to achieve society’s common goals since the 1970’s and makes recommendations for future economic reforms. Sachs argues that there is a consensus on some key beliefs about ...more
If this book is any guide, that's quite lucky for me.
The book has two parts. In the first, all 175 pages of it, the author exposes what's wrong with the world. In the second part, a mere 90 pages, he offers his solutions.
One star is probably too generous for part one. ...more
At present, however, it appears things are going the other way. Surveying the American civic landscape, Sachs finds the commitment to public values fast eroding, with predictable results: a widening income gap, huge inequities of opportunity, an increasingly divided nation, a "corporatocracy" conce ...more
Needless to say, nothing was done. In Barack Obama the US had a competent, intelligent president who was very s ...more
However, these analysis and prescriptions can provide some food for thought for other gove ...more
Jeffery Sachs, an economist at Columbia University, is worried about the state of America. He sees a nation in which incomes for many have been stagnant since the 1970s in real (inflation-adjusted) terms, increasing income inequality, a chronic budget deficit and resulting increase in government debt, increased poverty, crumbling infrastructure, and an unwillingness to deal with climate change.
The Price of Civilization is a well documented book with end notes and a list of sources consulted, as...more
What follows are extensive excerpts from this book in Sachs’ own words, with the page(s) from which they are taken indicated in parenthesis. As Goodreads sets a maximum of 20,000 characters, some of my review was cut off.
• At the root of America’s economic crisis lies a mo ...more
Preferred reading Piketty, cover similar ground. I did make a lot of notes and highlights though, so there's stuff worth discussing here.
Sach's proposals are too idealistic for practical adoption. The by-gone era's he nostalgically recalls, the New Deal years and the Kennedy years, were the result of a generation devastated by two W ...more
The first half of the book diagnoses the causes of America's economic state, chief among them the influence of corporations on government. The second half of the book are proposed solutions, based on goals that can be measured.
What makes this book so appealing is the way Sachs keeps economics connected to the pursuit of happiness. After all, if the ta ...more
This book does explain how we have gotten where we are economically, but not in a great deal of detail. He also covers political and sociological causes, then goes into solutions. However, his solutions are not very new, and I didn't get a good feeling for ...more
Sachs is the Quetelet Professor of Sustainable Development ...more