These are the CASSE blog articles on the steady state economy.
On the Environmental Impact and Economic Sustainability of Nord Stream 2 and Other Sub-Marine Natural Gas Pipelines
Kyiv, November 6, 2019
Summary
Representatives of the Ukraine National Academy of Sciences, National Technical University of Ukraine, Ukrainian National Forestry University, Naftogaz Board for Science and Technologies, Institute of Market Problems and Ecological Economics Research, Ukrainian Institute for the Future, and scholars from France,
by Max Kummerow
In Empty Planet: The Shock of Global Population Decline (Crown Publishing Group, New York, 2019) Darrell Bricker and John Ibbitson argue that population decline will bring many social and economic changes—some good, some bad. They assert that “In three decades, give or take…global population starts to decline.”
Note that their title is a bit misleading. World population will probably rise to over 10 billion before the slow decline would begin.
By Skyler Perkins
Steady state economics is ultimately about saving humanity from ecological, economic, and political collapse. At CASSE, we like to think that steady state economics, at least in the USA, is also about safeguarding democracy amidst a deepening cultural divide among urban and rural citizens. However, the inspiration for steady state economics is not always so lofty and global; it often comes from an immediate concern for the local communities and ecosystems we inhabit.
By Brian Czech
When you look out your window, do you like what you see? Would you like to keep it that way? Are you afraid the forces of growth will deface, degrade, or “develop” your favorite places? Then Keep Our Counties Great is the campaign for you! This county-level initiative has long been pondered at CASSE, and it’s time to act. This does not mean we’re forgetting about the nation as the focal point of fiscal and monetary policy. Nor are we dropping our obligations and interests in international diplomacy. Rather, Keep Our Counties Great will have synergistic effects, especially with our long-term legislative project.
For hundreds of years, economists have debated whether population growth is good or bad. Malthus said exponential population growth increases labor supply, so wages fall until starvation, war, or plague stops growth in numbers. Marx said capitalism causes poverty and hunger, so population growth is good, because “every stomach is born with a pair of hands”, bringing revolution and justice closer.
Nearly 200 years later, Garrett Hardin and Julian Simon were still debating the same question.
Backed by an ominous sound clip and a rapidly churning GDP meter that comes out of nowhere, “Be alarmed… Be very alarmed!” are the opening phrases at CASSE’s new landing page. You’ll see what we mean shortly; please allow us an introduction to describe this new approach.
The landing page is actually a 30-second animation prefacing our “regular” website. It is designed to be three things:
“There’s just too many of us and no one is talking about it.”
—Biologist Patrick Benson in Meera Subramanian’s, A River Runs Again: India’s Natural World in Crisis
It is hard to imagine a growing population supporting a steady state economy. “Jobs” and higher incomes for growing numbers of people anchor the platforms of political candidates and economists worldwide.
But what about a different approach?
By Herman Daly
The economic process is not a mechanical analog that can be run forward and backward, nor a circular process that can return to any previous state. Rather it is an irreversible and irrevocable process moving in the direction of time’s arrow of increasing entropy [1]. Finitude and entropy guarantee that the economic life of our species will be a journey of no return. Therefore even a stationary economy, in the classical sense of constant population and constant capital stock, is ultimately a journey of no return, because the metabolic throughput of matter and energy required to maintain constant stocks of people and physical capital, in the face of depreciation and death, is an entropic flow from ever less concentrated sources to ever filling sinks – and both sources and sinks are finite.
Ask Americans what the Green New Deal is all about, and you’ll get two basic answers. Most often you’ll hear, “It’s about moving to renewable energy in order to fight climate change.” You’ll also hear, from a camp further right, “It’s all about socialism!”
Either way, the really green, really new feature is overlooked. What the Green New Deal is really about is the transition to a steady state economy.
By Herman Daly
Historically, the U.S. is undeniably a country of immigrants. But why is this uncontested fact so repeatedly emphasized? Might the unremitting celebration of immigration as a policy (as opposed to the celebration of particular immigrants as people) obscure a dark side of our immigration history?