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The authors demonstrate why our economic system demands ecologically unsustainable growth and the pursuit of more 'stuff'. They believe that what matters is quality, not quantity - a better life based on having fewer material possessions, less production and less work. Such a way of life will emphasize well-being, community, security, and what Ivan Illich rightly called 'conviviality'. That is, more real wealth. The book will therefore appeal to everyone curious as to how a new post-growth economics can be conceived and enacted. 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Based on contributions from renowned European progressive experts and policymakers, it makes proposals regarding the reform of the world governance system in crucial policy areas such as climate and environment, social issues, digital transformation, trade and supply chains and industrial policy. It also tackles the questions of how to reform the global financial architecture and the UN’s institutions. 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Nobel Prize winner Prof. Gary Becker, in this IEA Occasional Paper, proposes a radical policy which, if implemented by the coalition government, could raise over �600 million a year. Prof. Becker proposes that visas to work in the UK should be sold off. The coalition's immigration cap scheme could be amended using this proposal to ensure that the most suitable immigrants are allowed in. The people willing to pay the most to live in the UK are likely to be the same people who would contribute most to our economy. Executive Summary: - Despite substantial economic growth in underdeveloped countries, there are still huge differences in wage levels between poorer and richer countries. - Low fertility, especially in Europe, is also likely to lead to pressures that will encourage migration in future decades. - Net migration has grown dramatically in recent years. In 1980, net migration to the UK was approximately zero and by 2005 the figure was 190,000 per annum. In the same periodnet migration to the USA more or less doubled to 1.1 million per annum. - There were very substantial migration flows in the late nineteenth century but the USA imposed restrictions from the 1920s onwards. Those restrictions are onerous and involve bureaucratic controls. - Given the extent of welfare states in countries with higher incomes, it would be difficult to go back to a policy of free migration. - There would be many advantages to a policy of charging immigrants a fee. If a fee of (say) $50,000 were charged, it would ensure that economically active migrants who had a real commitment to the country were most attracted. This fee could be used to lower other taxes. - Charging a fee would be a much more efficient way of controlling economic migration than the use of quotas and other bureaucratic systems of control. - Even a fee of $50,000 would allow people on relatively low earnings to enter the USA if there were skill shortages. 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