Items related to This Age of Plenty

This Age of Plenty - Softcover

Charles Marshall Hattersley

 
9780265010686: This Age of Plenty

Synopsis

This influential economic text explores the modern industrial system and identifies a crucial problem at its core: despite technological advancements that enable mass production, society grapples with persistent poverty and unemployment. The book argues that these economic ills stem from a flaw in the monetary system rather than a shortage of resources. Traditional economics, inherited from pre-industrial times, has failed to adapt to the machine age. The author presents a compelling case that money, far from being a commodity in itself, is simply a social mechanism designed to facilitate production and distribution. However, the current system, dominated by banks, prioritizes profit over societal well-being, leading to a fundamental imbalance between production and consumption. The book posits that a truly rational money system would ensure equilibrium between prices and purchasing power, unlocking a world of prosperity that is currently out of reach.

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