Mass Flourishing
How Grassroots Innovation Created Jobs, Challenge, and Change
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Narrated by:
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Stephen Hoye
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By:
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Edmund Phelps
About this listen
In this book, Nobel Prize-winning economist Edmund Phelps draws on a lifetime of thinking to make a sweeping new argument about what makes nations prosper--and why the sources of that prosperity are under threat today. Why did prosperity explode in some nations between the 1820s and 1960s, creating not just unprecedented material wealth but "flourishing"--meaningful work, self-expression, and personal growth for more people than ever before? Phelps makes the case that the wellspring of this flourishing was modern values such as the desire to create, explore, and meet challenges. These values fueled the grassroots dynamism that was necessary for widespread, indigenous innovation. Most innovation wasn't driven by a few isolated visionaries like Henry Ford; rather, it was driven by millions of people empowered to think of, develop, and market innumerable new products and processes, and improvements to existing ones. Mass flourishing--a combination of material well-being and the "good life" in a broader sense--was created by this mass innovation.
Yet indigenous innovation and flourishing weakened decades ago. In America, evidence indicates that innovation and job satisfaction have decreased since the late 1960s, while postwar Europe has never recaptured its former dynamism. The reason, Phelps argues, is that the modern values underlying the modern economy are under threat by a resurgence of traditional, corporatist values that put the community and state over the individual. The ultimate fate of modern values is now the most pressing question for the West: Will Western nations recommit themselves to modernity, grassroots dynamism, indigenous innovation, and widespread personal fulfillment, or will we go on with a narrowed innovation that limits flourishing to a few?
A book of immense practical and intellectual importance, Mass Flourishing is essential reading for anyone who cares about the sources of prosperity and the future of the West.
©2013 Edmund S. Phelps (P)2013 Audible, Inc.Listeners also enjoyed...
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Over the past four decades, China's remarkable transformation has garnered admiration but also sparked concern. George Magnus draws on his intimate knowledge of this dynamic nation to uncover the origins of its ascent and show why the economic traps it faces at home and the political challenges it faces abroad pose a serious threat to its continued rise.
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A pessimistic vision with western liberal bias
- By Jeronimo L. Jimenez on 10-23-20
By: George Magnus
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How Are You Going to Pay for That?
- Smart Answers to the Dumbest Question in Politics
- By: Ryan Cooper
- Narrated by: Ryan Cooper
- Length: 8 hrs and 22 mins
- Unabridged
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How Are You Going to Pay for That? is filled with engaging discussions and detailed strategies that policymakers and citizens alike can use to assail even the most entrenched lines of neoliberal logic and start to undo these long-held misconceptions. Equal parts economic theory, history, and political polemic, this is an essential roadmap for winning the key battles to come.
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Yay, Taxes!!!
- By Luvelway on 02-19-24
By: Ryan Cooper
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Globalization and Its Discontents
- By: Joseph E. Stiglitz
- Narrated by: Derek Perkins
- Length: 10 hrs and 33 mins
- Unabridged
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This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national best-seller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank.
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Plea
- By Asma on 10-13-20
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Ill Fares the Land
- By: Tony Judt
- Narrated by: James Adams
- Length: 5 hrs and 40 mins
- Unabridged
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In Ill Fares The Land, Tony Judt, one of our leading historians and thinkers, reveals how we have arrived at our present dangerously confused moment. Judt masterfully crystallizes what we've all been feeling into a way to think our way into, and thus out of, our great collective dis-ease about the current state of things.
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Blah, Blah, Blah.
- By Michael on 07-15-10
By: Tony Judt
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Economics for the Common Good
- By: Jean Tirole, Steven Rendell - translator
- Narrated by: Jonathan Davis
- Length: 18 hrs and 54 mins
- Unabridged
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When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a "dismal science," is a positive force for the common good.
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A Great Overview of the Challenges of Modern Econ
- By Zach Sullivan on 08-06-18
By: Jean Tirole, and others
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Postcapitalism
- A Guide to Our Future
- By: Paul Mason
- Narrated by: Gildart Jackson
- Length: 13 hrs and 42 mins
- Unabridged
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Over the past two centuries or so, capitalism has undergone profound changes - economic cycles that veer from boom to bust - from which it has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason's Postcapitalism argues that we are on the brink of a change so big and so profound that this time capitalism itself, the immensely complex system within which entire societies function, will mutate into something wholly new.
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some good ideas...
- By "ge-ko" on 06-19-16
By: Paul Mason
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How Much is Enough?
- Money and the Good Life
- By: Edward Skidelsky
- Narrated by: Clay Teunis
- Length: 8 hrs and 53 mins
- Unabridged
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What constitutes the good life? What is the true value of money? Why do we work such long hours merely to acquire greater wealth? These are some of the questions that many asked themselves when the financial system crashed in 2008. This book tackles such questions head-on.The authors begin with the great economist John Maynard Keynes. In 1930 Keynes predicted that, within a century, per capita income would steadily rise, people’s basic needs would be met, and no one would have to work more than fifteen hours a week.
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Not what I expected at all!
- By Chi on 05-22-23
By: Edward Skidelsky
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The Sovereign Individual
- Mastering the Transition to the Information Age
- By: James Dale Davidson, Peter Thiel - preface, William Rees-Mogg
- Narrated by: Michael David Axtell
- Length: 19 hrs and 20 mins
- Unabridged
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Two renowned investment advisors and authors of the best seller The Great Reckoning bring to light both currents of disaster and the potential for prosperity and renewal in the face of radical changes in human history as we move into the next century. The Sovereign Individual details strategies necessary for adapting financially to the next phase of Western civilization.
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Unfortunately distopian for mosty of humanity
- By Phil on 09-29-20
By: James Dale Davidson, and others
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Creating Freedom
- The Lottery of Birth, the Illusion of Consent, and the Fight for Our Future
- By: Raoul Martinez
- Narrated by: Steve West
- Length: 17 hrs and 35 mins
- Unabridged
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A manifesto for deep and radical change, Creating Freedom explores the limits placed on freedom by human nature and society. It explodes myths, calling for a profound transformation in the way we think about democracy, equality, and our own identities.
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The BEST book, I've listened to in a long time
- By G. Newton on 04-16-17
By: Raoul Martinez
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The Fourth Revolution
- The Global Race to Reinvent the State
- By: John Micklethwait, Adrian Wooldridge
- Narrated by: Chris Sorensen
- Length: 10 hrs and 5 mins
- Unabridged
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From the best-selling authors of The Right Nation, a visionary argument that our current crisis in government is nothing less than the fourth radical transition in the history of the nation-state. Dysfunctional government: It' s become a cliché, and most of us are resigned to the fact that nothing is ever going to change. As John Micklethwait and Adrian Wooldridge show us, that is a seriously limited view of things. In fact, there have been three great revolutions in government in the history of the modern world.
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A must read for everyone wondering whats going?
- By Truth-be-told on 03-30-15
By: John Micklethwait, and others
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A Capitalism for the People
- Recapturing the Lost Genius of American Prosperity
- By: Luigi Zingales
- Narrated by: Jonathan Davis
- Length: 11 hrs and 20 mins
- Unabridged
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Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment - paired with rampant nepotism and cronyism - on a country’s economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better.
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Enjoyable but a tad predictable.
- By Kevin on 12-24-12
By: Luigi Zingales
What listeners say about Mass Flourishing
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Brett
- 01-25-14
Meh. Not worth the time.
What did you like best about Mass Flourishing? What did you like least?
The performance is excellent. The case is disjointed.
What was the most interesting aspect of this story? The least interesting?
The author occasionally provides a thought provoking idea or observations, but none that can't be gleaned from other sources.
Did Mass Flourishing inspire you to do anything?
Write this review to save others from this diatribe.
Any additional comments?
I read a lot of economic books and am fairly well versed in this area and found this book not worth the time. The first half is yet another lesson in laissez faire libertarianism. As if anyone reading this book needs another lesson on the subject. The second half of the book is a long-winded diatribe that never seems to sum anything up. Concepts are fuzzy and policy prescriptions are seemingly at odds with the author's view. For example, he proposes a hands off government approach AND NEW GSEs or direct government involvement in banking in some cases. Some things in the book appear outright intellectually dishonest, such as his claim that mutual fund managers hold CEOs hostage to meet the quarterly numbers. This simply does not happen because MF managers don't have that kind of power! In almost the same breath, the author praises hedge fund managers as efficiently allocating the country's capital! Apparently, the author lives in some sort of academic bubble, preferring to apply what he thinks is the real world to his arguments. Both of these assertions couldn't be further from the truth.He goes so far as to criticize the younger generation for being too consumed with social media, for not knowing solitude and thus not being creative and having original thoughts. As if creativity and original thought hasn't exploded on the web! I picture an old curmudgeon writing that section while yelling out the window at kids to get off his lawn and proceeding to say "in my generation...". For someone supposedly writing on "progress", his own bias against modern technology is truly astounding.My review is already too long. Just get one of the many other books on the subject instead.
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3 people found this helpful
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- Andy
- 12-22-13
unable to understand any of it
Every individual sentence in this book is understandable, and the narration is excellent.
However, no matter how closely I listened or listened a second time, none of the ideas stuck. I'm disappointed, because I was looking to learn something from this book. Even though I stuck it out to the end, I walked away empty.
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5 people found this helpful