Toward a New Philosophy of Life is a book of social criticism. Part One examines the Dominant Philosophy of Life that we are following, especially focusing on Adam Smith, Herbert Spencer, and John Wayne. Part Two explains the negative consequences of following the Dominant Philosophy including the loss of rationality, the loss of humanity, and the loss of environment. Part Three charts a new direction to aspire to, a new vision, a new philosophy of life to enhance the survival of humanity. It talks about a sustainable economy, the pursuit of happiness and a Learning Society. It is a scholarly yet accessible book needed for today’s circumstances and conditions.