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The Growth Delusion (Paperback)

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About The Book

A revelatory and entertaining book about the pitfalls of how we measure oureconomy and how to correct them, by an award-winning editor of The FinancialTimes

In The Growth Delusion, author and prize-winning journalist David Pilling explores howeconomists and their cult of growth have hijacked our policy-making and infiltrated ourthinking about what makes societies work. Our policies are geared relentlessly towardsincreasing our standard measure of growth, Gross Domestic Product. By this yardstickwe have never been wealthier or happier. So why doesn t it feel that way? Why are weliving in such fractured times, with global populism on the rise and wealth inequality asstark as ever?

In a book that is simultaneously trenchant, thought-provoking and entertaining, Pillingargues that we need to measure our successes and failures using different criteria.

While for economic growth, heroin consumption and prostitution are worth more thanvolunteer work or public services, in a rational world we would learn how to value whatmakes economies better, not just what makes them bigger. So much of what isimportant to our wellbeing, from clean air to safe streets and from steady jobs to soundminds, lies outside the purview of our standard measure of success. We prioritisegrowth maximisation without stopping to think about the costs.

In prose that cuts through the complex language so often wielded by a priesthood ofeconomists, Pilling argues that our steadfast loyalty to growth is informing misguidedpolicies - and contributing to a rising mistrust of experts that is shaking the veryfoundations of our democracy.

About The Author

David Pilling has been a prize-winning reporter and editor for the Financial Times fortwenty-five years. Currently the Africa editor and one of their featured columnists, he waspreviously the Asia editor, running coverage across the continent. His first book,Bending Adversity: Japan and the Art of Survival (Allen Lane, 2014), receivedoutstanding reviews. He lives in London but travels frequently to Africa.

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