Diane Coyle is my guest on the latest edition of Development Drums, talking about her book The Economics of Enough: How to Run the Economy as If the Future Matters. Diane argues that we face a series of long term economic crises: as well as the continuing financial crisis, climate change threatens to be a catastrophe, economic inequality continues to grow, and government and business are widely distrusted. She argues that there is public dissatisfaction with consumerism and with the corrosion of social and economic values in industrialised societies. Her book proposes a ten point ‘manifesto’.
Diane Coyle was recently described as one of the UK’s most eminent public intellectuals. She is Vice Chair of the BBC Trust, a member of the Migration Advisory Committee, she runs Enlightenment Economics, an economics consulting firm specializing in technology and globalization, and she has written a number of books on economics, including The Soulful Science, Sex, Drugs and Economics, and The Weightless World.
In The Economics of Enough, which is now out in paperback, she argues that all these crises have at their heart a failure to take proper account of the future in the way we run our economy, and a departure from the basic values which should guide our economy and society. In this edition of Development Drums, Diane sets out why she thinks these crises are serious and long-lasting, and the obstacles we face in dealing with them.
The podcast finishes with a discussion of her Manifesto of Enough – her key proposals to get started on the challenges.