Synopses & Reviews
The Imaginary Time Bomb
diffuses the myth that the aging baby-boomer population is producing a downward economic spiral. Phil Mullan argues that the growing preoccupation with aging has little to do with demography, but is instead used to justify future reductions in the role of government in the economy, and the curbing of the welfare state.
“Panic-stricken projections in the US have forecast that every dollar of federal revenue could end up going into health care and pensions as the population grows grayer...Mullan lobs a timely grenade into this unlovely consensus.” —The Independent
“This book is highly opportune. It brushes away the unscientific assumptions that are dictating pension policy today.” —Sunday Times (UK)
“This is a must-read book.” —The Actuary
“A brave and original appraoch toward an issue that is typically so often mystified.” —Frank Furedi
The author argues that the modern world's growing preoccupation with aging has little or nothing to do with demography but rather that it is used to justify further reductions in the role of government in the economy and the curbing of the welfare state. Thus, he demolishes a succession of myths.
About the Author
is an Economist specializing in Development Studies and Demography and Inter-Generational Attitudes.
Table of Contents
Foreword—Frank Furedi * Introduction * Aging in Perspective * The Preoccupation with Aging * Is Aging a Burden? * The Pensions Time Bomb * The Health Time Bomb * Can Aging Stunt Economic Growth? * Conclusion