Book review: mass flourishing: how grassroots innovationcreated jobs, challenge and change by Edmund Phelps

In this book, Nobel Prize-winning economist Edmund Phelps considers how grassroots innovation has been beneficial for economies in the past and why it might be under threat today. Declan Jordan finds that this book is an important contribution to the battle of ideas on how we can respond to the crisis in economics and economies. There have been many books written on the causes and potential solutions, but this one joins the few that place the current problems in a broader and, consequently, more exciting context. The book should appeal to readers who are interested in a considered discussion on what capitalism can continue to contribute to economic growth and welfare and, in particular, those who are interested in the role of innovation in a market economy.