Welcome to Litsy!

We live under the illusion of progress: as long as GDP is going up and prices stay low, we accept poverty and pollution as unfortunate but inevitable byproducts of a successful economy. How did we all get duped into believing the fairytale of economics? In The Progress Illusion, Jon Erickson charts the rise of the economic worldview and its infiltration into our daily lives as a theory of everything. Drawing on his experience as a young economist inoculated in the go-go 1980's era of "greed is good," Erickson shows how flawed economic thinking shaped our politics and determined the course of American public policy. While the history of economics is dismal indeed, Erickson is part of a vigorous reform effort grounded in the realities of life on a finite planet. Crafting a new economic story, he shows, is the first step toward turning away from endless growth and towards enduring prosperity.