Economic Growth Archives – Center for the Advancement of the Steady State Economy

Unlearning Growth: Reclaiming Higher Education for Sustainability

February 6, 2025/1 Comment/in Corporate Reform, Economic Growth, GDP, Governance, Jobs and Employment, Limits to Growth, Postgrowth, Steady State Economy, Steady State Herald, Sustainability /by Alix Underwood

by Zachary Czuprynski

At the bottom of McGill University’s coat of arms, beneath the red shield, a scroll reads Grandescunt Aucta Labore— “By work, all things increase and grow.” Historically, mottos of higher education institutions (HEIs) symbolize the cultivation of virtues and moral excellence, often rooted in religion. Over time, however, this idea of growth in personal and moral development became tainted by the paradigm of economic growth.

Today,

The Costs of Compounding: Exploitation and Collapse

January 23, 2025/12 Comments/in Banking, Corporate Reform, Economic Growth, Economic Policy, Inequality, Limits to Growth, Money and Investments, Steady State Economy, Steady State Herald, Wealth /by Alix Underwood

by Koenraad Priels

The global financial system operates like a cancer, metastasizing throughout our economy and society. Its malignant core is a simple yet devastating formula: PL – PR + I, principal loaned – principal repaid + interest = an escalating debt trap that necessitates economic growth. This equation is familiar to anyone who has taken out a loan. It demonstrates the fatal flaw in our financial architecture,

A Big Conservation Win for Benzie County

January 16, 2025/2 Comments/in Conservation, Dave Rollo, Economic Growth, Environment, Jobs and Employment, Money and Investments, Steady State Economy, Steady State Herald /by Alix Underwood

by Dave Rollo

Benzie County lies at the base of the pinky on the “Mitt,” as Michiganders say, referring to their left hand as a convenient “map” of their state. The county is blessed with one of the largest deepwater harbors on Lake Michigan, Betsie Bay. It has long provided mariners with safe refuge from the fierce gales of Lake Michigan. Jetties protect the bay’s inlet, where a historic lighthouse has guided ships for over a century.

Will the Steady State Economy Be Funded?

December 12, 2024/4 Comments/in Corporate Reform, Corruption, Degrowth, Economic Growth, Environment, Money and Investments, Steady State Economy, Steady State Herald, Sustainability, Wealth /by Alix Underwood

by Kali Young

The U.S. nonprofit sector is a $1.4 trillion industry. If it were a country, it would be one of the world’s largest economies. Wealthy individual donors, foundations, and corporations are the three largest sources of nonprofit funding. As such, these entities have tremendous influence over what kind of social, economic, and political change thrives or dies. Many large foundations and major donors have amassed wealth thanks to the very economic system that is pushing the world toward ecological collapse.

Defending the Last Green Valley

November 26, 2024/3 Comments/in Conservation, Dave Rollo, Economic Growth, Environment, Governance, Limits to Growth, Steady State Economy, Steady State Herald, Sustainability /by Alix Underwood

by Dave Rollo

The Northeast Megaregion, also referred to as BosWash, extends from Boston to Washington, DC, and is populated by more than 55 million people. It is the largest contiguous urban area in the United States. BosWash has the largest population of the eleven U.S. megaregions, which together hold over 76 percent of the nation’s population. BosWash has the highest GDP of any megaregion in the world at some $3.75 trillion.

Inflation through the Lens of the Trophic Theory of Money

November 21, 2024/3 Comments/in Economic Growth, Economic Policy, GDP, Inflation, Monetary Policy, Money and Investments, Steady State Economy, Steady State Herald, Trophic Theory of Money /by Alix Underwood

by Danish Hasan Ansari

In its simplest sense, inflation is an increase in the prices of goods and services. For instance, if the price of a certain good is $10 and in the next month the price increases to $12, the inflation on that item over one month is 20%. Many economists consider low levels of inflation sustained over time to be normal in a functioning economy. However,

The Economic Priority of the Seven Wealthiest Countries: More Wealth

November 14, 2024/5 Comments/in Alix Underwood, Consumption, Economic Growth, Economic Policy, GDP, Governance, Inequality, Politics, Steady State Economy, Steady State Herald, Wealth /by Alix Underwood

by Alix Underwood

Almost half of humanity lives below $6.85 per day. This population does not consume goods and services at a rate exceeding Earth’s capacity. Yet here we sit, on the wrong side of six of the nine planetary boundaries identified by the Stockholm Resilience Centre.

How did we get here? Via the economic activity of the other half of humanity. The planet, and all its inhabitants,

Hard-Hit Democratic Party Must Broaden Its Niche, in the Right Direction

November 7, 2024/10 Comments/in Autocracy, Brian Czech, Conservation, Democracy, Economic Growth, Ideology, Politics, Steady State Economy, Steady State Herald /by Alix Underwood

by Brian Czech

We are in a brave new world, with an authoritarian as American president, a Senate ruled by his party, and a Supreme Court sidled up to them. This is a crushing defeat for the Democratic Party, immigrants, environmentalists, and women knocking on the glass ceiling. And it is truly bad for anyone concerned about their kids and grandkids, whether they know it or not.

The problem is not so much that our political leadership is Republican,

A Primer on Economic Growth and Biodiversity for COP16

October 17, 2024/11 Comments/in Biodiversity, Brian Czech, Conservation, Economic Growth, Economic Policy, Governance, Steady State Economy, Steady State Herald, Sustainability, Trophic Theory of Money /by Helene Langlamet

by Brian Czech

With the core meetings of the United Nations Biodiversity Conference (COP16) starting next week, it’s time for a primer on the relationship between economic growth and biodiversity conservation. The last thing we want is a COP16 devoid of discussion about the conflict between growing the economy and conserving biodiversity. In fact, the “800-pound gorilla”—GDP growth—ought to be front and center.

Devoted Herald readers may feel a tinge of déjà vu,

A Steady Stater’s Response to the Harris-Trump Debate

September 12, 2024/15 Comments/in Brian Czech, Climate Change, Democracy, Economic Growth, Economic Policy, Governance, Limits to Growth, Politics, Steady State Economy, Steady State Herald /by Alix Underwood

by Brian Czech

“Harris wiped the floor with Trump.” At least that’s how today’s Washington Post kicked off a discussion among in-house columnists. But for voters who prioritize Planet Earth for present and future generations, the 2024 presidential election is a classic example of seeking the lesser of two evils. Neither Kamala Harris nor Donald Trump is a student—much less a champion—of sustainability. They probably think “limits to growth” pertains to poll results or crowd size.