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Scarcity - A History from the Origins of Capitalism to the Climate Crisis (Hardcover)
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Scarcity - A History from the Origins of Capitalism to the Climate Crisis (Hardcover)
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A sweeping intellectual history of the concept of economic
scarcity—its development across five hundred years of European
thought and its decisive role in fostering the climate crisis.
Modern economics presumes a particular view of scarcity, in which
human beings are innately possessed of infinite desires and society
must therefore facilitate endless growth and consumption
irrespective of nature’s limits. Yet as Fredrik Albritton Jonsson
and Carl Wennerlind show, this vision of scarcity is historically
novel and was not inevitable even in the age of capitalism. Rather,
it reflects the costly triumph of infinite-growth ideologies across
centuries of European economic thought—at the expense of
traditions that sought to live within nature’s constraints. The
dominant conception of scarcity today holds that, rather than
master our desires, humans must master nature to meet those
desires. Albritton Jonsson and Wennerlind argue that this idea was
developed by thinkers such as Francis Bacon, Samuel Hartlib, Alfred
Marshall, and Paul Samuelson, who laid the groundwork for today’s
hegemonic politics of growth. Yet proponents of infinite growth
have long faced resistance from agrarian radicals, romantic poets,
revolutionary socialists, ecofeminists, and others. These
critics—including the likes of Gerrard Winstanley, Dorothy
Wordsworth, Karl Marx, and Hannah Arendt—embraced conceptions of
scarcity in which our desires, rather than nature, must be mastered
to achieve the social good. In so doing, they dramatically
reenvisioned how humans might interact with both nature and the
economy. Following these conflicts into the twenty-first century,
Albritton Jonsson and Wennerlind insist that we need new,
sustainable models of economic thinking to address the climate
crisis. Scarcity is not only a critique of infinite growth, but
also a timely invitation to imagine alternative ways of flourishing
on Earth.
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