“Dizzyingly well researched... This book is a great reference on the in and
outs of economics, politics, finance and the human condition.”
- Alternatives Journal (read
the full review)
“I’m mostly a fiction reader so I wasn’t expecting to be blown away when I picked up The Value Crisis. BOOM!”
- Cynthia St-Pierre, author (read
the full review)
“Andrew Welch voices the concern – and examines the causes - that many of
us have but cannot articulate as well as he does: that human values everywhere are decaying at an
alarming rate. [...] This is a thought-provoking book that you should read, act upon, and share.”
- Tapestry Magazine (read the full review)
“A fascinating insight into why the world seems hell bent on self-destruction
and what we can do about it.”
- Stephen Hull, M.Sc (read
the full review)
Review in Tapestry Magazine
(King Township, Winter 2015)
"In The Value Crisis, Andrew Welch voices the concern – and examines the causes - that many of
us have but cannot articulate as well as he does: that human values everywhere are decaying at an
alarming rate. And yet, collectively, we seem helpless or resistant to doing anything about
it. Why? He adroitly sidesteps the blame games played by competing ideologies and
economic interests and suggests instead a more fundamental cause – that we are witnessing the
growing dominance of number-based value systems to the detriment of age-old human value systems.
Human value systems deal with quality of life, while number-based systems value quantity, and implicit
in that is the possibility (and danger) of unchecked growth.
This is an elegant thesis that is launched through a series of simple questions that any uneasy
person might ask. An example: “Why does it cost more to repair things than to replace them?”
Reviewing all the questions piques our curiosity. We want to know what it is that
underlies this list of seemingly unrelated inquiries.
The author does not disappoint us; this is no stodgy economics text book, and anyone who suffers
from math phobia has nothing to fear from this book. The language is plain and jargon-free;
technical terms where needed for understanding, are reduced to simple expressions. Given the
seriousness of the present situation as the author presents it, and the implications for the future,
this is a surprisingly upbeat read.
The impact of undue reliance of number-based value systems is examined in detail in topics as
wide-ranging as decision-making, international banking and currency, the unregulated power of
corporations, and the erosion of our democratic institutions. Welch brings to the discussion
his interests and expertise in the arts, environmental and social issues, and his solid grounding in
education, business and mathematics. Throughout the piece his linking of personal anecdotes to
the study of the larger issues provides remarkable clarity to what he has to say.
His objective is also clear, as evidenced by www.TheValueCrisis.com and the associated open blog:
To inspire discussions for a new way of considering the multiple challenges facing us.
The thrust of Andrew Welch’s book is to bring awareness of the coming and seemingly inevitable
catastrophe. His call to action is realistic and not devoid of optimism: We cannot prevent what is
coming, he states, but we can “ease the transition” and he cites examples of what can be done. His
speculation that a catastrophe may sweep away many elements of number-based value systems and improve the
quality of life for many, is based on plausible economic theory. This is a thought-provoking book
that you should read, act upon, and share."
- Hugh Marchand for Tapestry Magazine