Economics Unmasked: From Power and Greed to Compassion and the Common Good

by Philip B. Smith

The economic system under which we live not only forces the great majority of humankind to live their lives in indignity and poverty; it also threatens all forms of life - indeed life itself. Economics Unmasked presents a cogent critique of the dominant economic system in order to help transform our society into one in which all forms of life will be protected. The first part of this book is devoted to showing that the theoretical constructions that have been selected, work mainly to bring about injustice. The second part is concerned with what should be the foundations of a new economics where justice, human dignity, compassion and reverence for life must be the guiding values.

Genres: Economics, Nonfiction, Business

202 pages, Kindle Edition

First published January 1, 2011

About the author

Philip Bartlett Smith was an American-Dutch experimental physicist. He taught for eight years in Brazil as a McCarthy-era exile, and later joined the University of Groningen as a Professor of Physics, where he remained until his retirement in 1988. He was a member of the Board of Pugwash Netherlands until 2003. He had a tense relationship with his native US, which he labelled “The Holy American Empire” and whose power policy he abhorred. After his retirement he concentrated on the subjects of deep economics. He was co-editor with S.E. Okay, J. de Wilde and P. Deshingkar of The World at the Crossroads: Towards a sustainable, equitable and lovable Congress ‘Challenges of Sustainable Development’, Amsterdam, August 1996.