Short Circuit: Strengthening Local Economics for Security in an Unstable World

Douthwaite, Richard J.

ISBN 10: 1870098641 / ISBN 13: 9781870098649

Published by Chelsea Green Pub Co, 1998

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Seller Inventory # D7S9-1-M-1870098641-6

Bibliographic Details

• Title: Short Circuit: Strengthening Local Economics for Security in an Unstable World
• Publisher: Chelsea Green Pub Co
• Publication Date: 1998
• Language: English
• ISBN 10: 1870098641
• ISBN 13: 9781870098649
• Binding: Paperback
• Condition: Very Good
• Book Type: book

About this title

Synopsis

The global economy can no longer be relied upon to provide the necessities of life. Even in wealthy countries, the vagaries of free trade and the unimpeded movement of capital pose a threat not just to job security but to food and energy supplies as well. Short Circuit proposes that each community build an independent local economy capable of supplying the goods and services its people would need should the mainstream economy collapse. It details the financial structures necessary for self reliance and it describes the techniques already in use in pioneering communities. These include local currency schemes and community banks that enable local interest rates and credit terms to differ from those in the world economy. Efforts to meet local food and energy requirements using local resources are also reviewed. Blending sophisticated analysis with practical guidance, Short Circuit opens up a wide range of possible futures and demonstrates sources of empowerment and cultural identity beyond conventional politics and economics.

About the Author

Richard Douthwaite is an economist and writer with a special interest in climate and energy issues and in local economic development. His best-known book, The Growth Illusion: How Economic Growth Enriched the Few, Impoverished the Many and Endangered the Planet explores the effects that the pursuit of growth has had on the environment and society.

He is a co-founder of Feasta, the Foundation for the Economics of Sustainability, the Dublin-based international network of people who believe that the world's sustainability problems are due to the use of dysfunctional systems and are trying to develop better ones. His current projects include the design and introduction of novel financing arrangements for community energy projects and the management of the Carbon Cycles and Sinks Network which explores ways in which land-based greenhouse gas emissions can be reduced.