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NEW PAPERBACK EDITION WITH ADDITIONAL INTRODUCTION AND END NOTE
FROM THE AUTHOR Why, years after the banking crisis, is the global
economy still mired in recession and burdened by enormous debts?
Why have the tried-and-tested economic policies of the past failed
us this time? In Life After Growth, leading City analyst Tim Morgan
sets out a ground-breaking analysis of how the economy really
works. Economists are mistaken, he argues, when they limit their
interpretation of the economy to matters of money. Ultimately, the
economy is an energy system, not a monetary one. From this, it
follows that we need to think in terms of two economies, not one -
a 'real' economy of work, energy, resources, goods and services,
and a parallel, 'financial' economy of money and debt. These two
economies have parted company, allowing the financial economy to
pile up promises that the real economy cannot meet. Starting with
the discovery of agriculture, Tim Morgan traces the rise of the
economy in terms of work, energy and resources. The driving factor,
he explains, has been cheap and abundant energy. As energy has
become increasingly costly to obtain, the potential for prosperity
has diminished, to the point where growth in the real economy has
ceased. An immediate problem is that our commitments - including
debt, investments and welfare promises - cannot be honoured, which
means that we can expect the financial system to be wracked by
value destruction. At the same time, we need to adapt to a future
in which prosperity can no longer be taken for granted.
Each book introduces students to exam formats and provides
step-by-step guidance Useful tips are included to maximise their
chances of excelling
It includes: * six complete Practice Tests incorporating the 2005
modifications to the Writing module * additional reading and
writing modules for General Training candidates * a full
description of the exam * strategy boxes training key sub-skills
for each module * sections for assessing your writing and academic
vocabulary * annotated answer key, analysing correct and incorrect
answers * sample answers to writing tasks * complete audio scripts,
with answers marked
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The TV Mouse (Paperback)
David R. Morgan; Edited by Terrie Sizemore; Illustrated by Nadia Kolpack
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R334
R273
Discovery Miles 2 730
Save R61 (18%)
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Little Leaf Louise (Paperback)
David R. Morgan; Edited by Terrie Sizemore
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R334
R273
Discovery Miles 2 730
Save R61 (18%)
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Ships in 10 - 15 working days
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The Bookshop Cats (Hardcover)
David R. Morgan; Edited by Terrie Sizemore; Illustrated by Alexandra Maslova
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R586
R485
Discovery Miles 4 850
Save R101 (17%)
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Ships in 10 - 15 working days
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The Bookshop Cats (Paperback)
David R. Morgan; Edited by Terrie Sizemore; Illustrated by Alexandra Maslova
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R334
R273
Discovery Miles 2 730
Save R61 (18%)
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Ships in 10 - 15 working days
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Belly Busters (Paperback)
David R. Morgan, Terrie , L. Sizemore; Illustrated by Denise Prado
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R310
R254
Discovery Miles 2 540
Save R56 (18%)
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Curious Cats (Paperback)
David R. Morgan; Edited by Terrie Sizemore
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R334
R273
Discovery Miles 2 730
Save R61 (18%)
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Fascinating Fungi (Paperback)
David R. Morgan; Edited by Terrie Sizemore
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R334
R273
Discovery Miles 2 730
Save R61 (18%)
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Ants Are fANTastic (Paperback)
David R. Morgan; Edited by Terrie Sizemore; Illustrated by Aleksandra Maslova
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R334
R273
Discovery Miles 2 730
Save R61 (18%)
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Ships in 10 - 15 working days
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Dedicated Dogs (Paperback)
David R. Morgan; Edited by Terrie , L. Sizemore
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R334
R273
Discovery Miles 2 730
Save R61 (18%)
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The Magic Tape (Paperback)
David R. Morgan; Edited by Terrie Sizemore
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R316
R268
Discovery Miles 2 680
Save R48 (15%)
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