Economic Policy Archives – Page 2 of 26 – Center for the Advancement of the Steady State Economy

Cracking the Code: Finding “Economic Growth” in Statutory Law

July 20, 2023/8 Comments/in Daniel Wortel-London, Economic Growth, Economic Policy, Governance, Steady State Economy, Steady State Herald /by Gary Gardner

by Daniel Wortel-London

A chapter in the U.S. Code entitled “Statements to accompany significant regulatory actions” contains a critical directive. It declares that any notice of proposed rulemaking by a federal agency that may result in expenditures of $100,000,000 or more must be accompanied by an estimate of that rule’s effect on economic growth.

Take out your editor’s pen. Imagine amending this code by replacing “economic growth” with “economic stability.” How might this simple change transform the purpose and operation of federal laws?

Who Tallies the Resources?

July 6, 2023/12 Comments/in Daniel Wortel-London, Economic Policy, Governance, Steady State Economy, Steady State Herald, Sustainability /by Gary Gardner

by Daniel Wortel-London

The economy of the USA, like that of any other nation, depends on natural resources—minerals, timber, fossil fuels, land, and a host of other renewable and nonrenewable assets. It couldn’t function without these resources any more than you or I could survive without air. So you’d think that determining whether our country’s demand for natural resources exceeds the environment’s supply would be of the greatest importance to politicians.

Limits to Wealth = Limits to Growth

June 8, 2023/8 Comments/in Daniel Wortel-London, Economic Policy, Environment, Steady State Economy, Steady State Herald, Wealth /by Gary Gardner

by Daniel Wortel-London

Inequality threatens people and planet alike. Billions struggle to make ends meet while a tiny minority grows fabulously wealthy. At the same time, the conspicuous consumption of the wealthy and the waste they generate takes an enormous environmental toll. The intertwining of social and environmental damage suggests that standard fixes for inequality are inadequate.

Herman Daly thought that waste from the wealthy could not be ended through redistributive taxation alone.

Using GDP to Estimate the Limits to Growth

May 25, 2023/8 Comments/in Brian Czech, Economic Growth, Economic Policy, Steady State Economy, Steady State Herald /by Gary Gardner

by Brian Czech

The merits and proper uses of GDP—gross domestic product—have been debated with increasing frequency and intensity in recent years. Neoclassical economists continue to view a growing GDP as the sign of economic success and even social health. Conversely, ecologists who have studied the issue view a growing GDP as an alarming indicator of unsustainability at this point in history.

Meanwhile, a growing number of individuals and organizations in the post-growth community have proposed to eliminate GDP altogether,

What About the Other Debt Ceiling?

February 2, 2023/6 Comments/in Economic Policy, Gary Gardner, Steady State Economy, Steady State Herald /by Gary Gardner

by Gary Gardner

Official Washington is all aflutter over whether Congress should raise the ceiling on U.S. government debt. But this is not the most pressing debt question our country faces.

To see why, step back and enlarge the frame. A new question emerges: Why would Congress create an artificial and wholly unnecessary debt crisis while ignoring a far more dangerous and decidedly real debt trap? I speak of our ballooning ecological debt,

COP15: The Good, the Bad, and the Smugly

January 19, 2023/5 Comments/in Animal Welfare, Biodiversity, Brian Czech, Climate Change, Economic Policy, Environment, Politics, Steady State Economy, Steady State Herald /by Brian Czech

by Brian Czech

On a scale of one to ten, COP15—the UN Biodiversity Conference in Montreal last month—was a solid five. That may not sound like a ringing endorsement, but it represents significant progress from prior COPs, which dabbled along in the one or two range for the better part of three decades. The progress was evident from the start, when UN Secretary General António Guterres kicked off the conference by noting,

Three Senate Races for Steady Staters to Monitor

October 27, 2022/0 Comments/in Brian Czech, Economic Policy, Politics, Steady State Herald /by Brian Czech

by Brian Czech

Election Day is almost upon us. Along with the 435 House seats are thirty-five seats for grabs in the Senate. Our focus here is on the Senate races, given their high-profile candidates, substantial policy stakes, and excellent examples of growthmanship gone amuck (literally, in some agricultural cases).

Candidates fall along a spectrum—theoretically at least—from a degrowth to a pro-growth stance. It’s a “theoretical” spectrum because, at this point in the history of the USA,

Hurricane Ian: A Profoundly Polluting Event

September 29, 2022/7 Comments/in Brian Czech, Climate Change, Economic Policy, Environment, Food and Agriculture, Steady State Economy, Steady State Herald /by Brian Czech

by Brian Czech

If you’re a steady stater, I know what you’re thinking about Hurricane Ian. For starters, of course, you’re deeply concerned about any family or friends you may have in Florida, along with folks in general along Ian’s path. But you’re also wondering, “What about the pollution?”

The marine pollution that accompanies coastal flooding, most notably from violent hurricanes, is probably ignored by the majority of folks,

Conservatives and the Steady State Economy: A Natural Fit

September 22, 2022/19 Comments/in Brian Czech, Economic Growth, Economic Policy, Politics, Steady State Economy, Steady State Herald /by Brian Czech

by Brian Czech

If you call yourself a “conservative” these days, what does that tell us? Or, what is it supposed to tell us? Does it mean you’re a Republican, a Tory, or a member of the largest party in the democratic world, the Bharatiya Janata Party? Must you be a particular brand of partisan—maybe a MAGA Republican or a Modi भक्त—to wear the conservative hat?

What about your faith?

Prospects for 负增长 Toward a Steady State Economy in China

September 1, 2022/10 Comments/in Climate Change, Degrowth, Economic Growth, Economic Policy, Environment, Governance, Politics, Poverty, Steady State Economy, Steady State Herald, Sustainability /by Brian Czech

by Yiran Cheng

China, as the world’s second-largest economy and a rising superpower, is an integral part of the discussion if a steady state economy is ever to be achieved at a global scale. China’s environmental impact grows by the day, yet serious consideration about intentionally slowing economic growth has seldom occurred, let alone the possibility of a sustained 负增长, the Mandarin translation of “degrowth”.

This is not to say China is oblivious to its environmental toll.