August 15, 2013
According to Portland, OR-based independent economist and international strategic advisor Magnuson (visiting fellow, Ashcroft International Business Sch. at Anglia Ruskin Univ., Cambridge, England; Mindful Economics: How the US Economy Works, Why It Matters, and How It Could Be Different), the world is ready for a great transformation. As the Oil Age comes to an end, living in the post-carbon economy will require a shift in thinking and consumption, and Magnuson proposes both theoretical and practical ideas for how that might happen. He places his analysis at the intersection of economic and ecological concerns to create a picture of how the world will change in the coming years, focusing on the institutional changes that will have to take place in order for real progress to be possible. He addresses the issues of education, health care, banks, and more to show how these institutions will transform as values shift and we move from a consumption-driven society to a more sustainable one. VERDICT Magnuson’s text is extremely readable, and his style is intended to bring these big ideas to a general audience, while his chapter on meta-economics, in which he discusses the ideas of John Ruskin and E.F. Schumacher, may be of greater interest to students of the field.-Elizabeth Nelson, UOP Lib., Des Plaines, IL (c) Copyright 2013. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc.