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The main message of this important and provocative new book, commissioned by the Institute for Prospective Technological Studies, is that conventional economics thinking does not provide the framework to support sustainable development. In its place, application of the new economics, itself in a state of constant change, is needed to meet the needs of the Earth and its populations. This book explains what the new economics is all about, its connection with sustainable development and its key policy implications. Included are discussions of policies for taxation and public expenditure, changes in the monetary and financial system, and new ways of measuring and accounting for economic activity.