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The Economics of Abundance (Gower Green Economics and Sustainable Growth Series) Hardcover – June 1, 2010

ISBN-13: 978-0566089404 ISBN-10: 0566089408

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Editorial Reviews

About the Author

Wolfgang Hoeschele received his BA in biology and art from the College of Wooster in Ohio (1987), his MS in environmental science from Washington State University (1990), and his Ph.D. in geography from the Pennsylvania State University (1998). Since 1998, he has been teaching geography at Truman State University in Missouri. He has done research on land degradation in southern India, on devising a classification system for countries in the world economy, and on reconceptualizing scarcity. He is currently engaged in studying how the concepts of the economics of abundance may be applied in urban contexts.
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Product Details

  • Series: Gower Green Economics and Sustainable Growth Series
  • Hardcover: 258 pages
  • Publisher: Gower (June 1, 2010)
  • Language: English
  • ISBN-10: 0566089408
  • ISBN-13: 978-0566089404
  • Product Dimensions: 1 x 7 x 10 inches
  • Shipping Weight: 1.6 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #2,778,912 in Books (See Top 100 in Books)

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By katy96 on April 23, 2013
Format: Hardcover Verified Purchase
It may be unusual for an economics book in the West to begin with a quote from the "Mahabharata", but this quote sets the tone for a book that challenges the existing economic paradigm. This is not your typical economics textbook. It is about much more than economics and is beautifully and soulfully written.

According to the existing model, economics is defined as the study of allocating scarce resources to satisfy unlimited human desires. However, Wolfgang Hoeschele argues that this definition and the concept of scarcity are fallacious because the assumptions on which they are based are flawed. He argues that the assumptions (which he discusses in detail)serve only those who created them and profit from them, namely, "major corporations, financial institutions and the state."

The first part of the book details how and why scarcity is produced and who benefits from it. The second part discusses solutions-"paths toward abundance." I found it refreshing that Professor Hoeschele presented an integrated vision of economic abundance that included spiritual well-being, as well as civil rights and liberties. The last chapters contain many excellent ideas for a collaborative, cooperative path forward, touching on many issues, including: health, education, monopolies and land reform. The bibliography is also extensive with a wealth of information for further reading and perhaps contacts for those who would like to begin putting these ideas into action.

This book is clearly written without economic jargon, so it could easily replace the current high school and college textbooks which teach the old paradigm of scarcity. I highly recommend "The Economics of Abundance" for anyone who can visualize a world that is inclusive, a world of abundance for all.
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The Economics of Abundance (Gower Green Economics and Sustainable Growth Series)
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