The Value of Nothing
12.14.09, 8:07pm Comments (2)

I've never heard of Raj Patel until now thanks to some kind soul on Twitter. Look for his book The Value of Nothing in early January. I expect we'll be hearing a lot more from Raj with its release. Judging from the video, he has a talent for boiling down complex ideas into palatable nuggets, which is handy if not without its problems. And who can argue with his swashbuckling delivery! He's a veritable Neil Diamond of economics.  

All kidding aside, the premise of the book has merit - that "we inflate the cost of things we can (and often should) live without, while assigning absolutely no value to the resources we all need to survive."

While the first part of the book lays out the problem, the second half of the book shows: 

 ...how social organizations, in America and around the globe, are finding new ways to describe the world’s worth. If we don’t want the market to price every aspect of our lives, we need to learn how such organizations have discovered democratic ways in which people, and not simply governments, can play a crucial role in deciding how we might share our world and its resources in common.

That's squarely within our rubric here at Shareable. I look forward to reading about new ways of valuing and democratically managing essential resources.

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What Patel says is so right, and it takes so much energy to live in such contradictory society. I like the way he describes it, and look forward to the book- also in having conversations about how to help initiate change- in my own life and in society..

Laura, what you've added here about how much energy it takes to live in such a society resonates with me. The challenge with changing either on a personal or collective level is that the energy needed to change is almost always already committed to the existing paradigm. On a personal level that often means being trapped in something that resembles the modern version of the company store - having little disposable income or time because of financial obligations (mortgages, car loans, etc.) and work needed to service these obligations. In order to change, we need to free up the time and money needed for it. Sharing can help do that by lowering costs and saving time while building the social capital that is a foundational for collective action. Sharing is good for the here and now plus builds something for the future too.

"A deeply though-provoking book about the dramatic changes we must make to save the planet from financial madness."--Naomi Klein, author of The Shock Doctrine "As we confront the crisis in the worldview of orthodox economics, Raj Patel offers us a whole new way to think about price and value. Bracingly written and full of surprises, The Value of Nothing is itself invaluable, showing us a path out of the darkness of the economic woods."--Michael Pollan, author of In Defense of Food and The Omnivore's Dilemma