William Strauss

This book shows how mainstream economic theory is fundamentally flawed. It shows how the expectation for endless growth is so deeply ingrained into what we expect the future to be that we do not even question the assumption. But this work, rather than follow an ecological path to explore limits to growth, is an "inside job" that shows that when modern economic growth theories are decoupled from assumptions that have no basis in how the real world is developing, but are, for the most part, mathematical conveniences applied for the sake of "stability," then the long-run economic outcome is no longer capitalism. Decision makers assume that changes today will lead to predictable and/or reversible outcomes. This is a myth. There are fallacies throughout the assumptions of predictability, reversibility, and endless growth. When reasoning is based upon a flawed foundation, bad choices can appear reasonable. This work shows that the future is not what it is supposed to be.

First came the postwar High, then the Awakening of the '60s and '70s, and now the Unraveling. This audacious and provocative book tells us what to expect just beyond the start of the next century. Are you ready for the Fourth Turning? Strauss and Howe will change the way you see the world--and your place in it. In The Fourth Turning, they apply their generational theories to the cycles of history and locate America in the middle of an unraveling period, on the brink of a crisis. How you prepare for this crisis--the Fourth Turning--is intimately connected to the mood and attitude of your particular generation. Are you one of the can-do "GI generation," who triumphed in the last crisis? Do you belong to the mediating "Silent Majority," who enjoyed the 1950s High? Do you fall into the "awakened" Boomer category of the 1970s and 1980s, or are you a Gen-Xer struggling to adapt to our splintering world? Whatever your stage of life, The Fourth Turning offers bold predictions about how all of us can prepare, individually and collectively, for America's next rendezvous with destiny.