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Common Wealth

Economics for a Crowded Planet

by Jeffrey D. Sachs

Penguin, 2009

Category: Concepts & Trends
This summary is also available in: German

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Common Wealth
Global warming, severe poverty – the outlook is grim. But with sacrifice and wisdom, humankind still can save the planet.

In this summary you will learn

  • Why the Earth is in grave danger
  • Why the damage still is reversible
  • How you can help

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Why you should read Common Wealth

Famed economist Jeffrey Sachs manages to deliver pessimistic news in an optimistic way. Yes, the Earth faces dire threats from global warming, poverty, war, deforestation and mass extinctions. Yet Sachs asserts that these severe problems are manageable. Fixing them will cost $840 billion – a massive amount indeed, but, as Sachs argues, only 2.4% of the rich world’s gross national product. Sachs doesn’t shy away from politically touchy pronouncements. He argues against the U.S. war in Iraq and for legalized abortion. Still, throughout the fray, his book strikes the unlikely balance of delivering a message that’s both frightening and promising. getAbstract recommends this book to anyone seeking insight into the world’s most pressing problems.

About the Author

Internationally known economist Jeffrey Sachs directs The Earth Institute at Columbia University. He’s a special adviser to United Nations Secretary-General Ban Ki-moon on the U.N.’s Millennium Development Goals. Sachs also wrote The End of Poverty.


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