A Post-Growth Economy in France?
Heads of state and top economists actively discussing and debating a post-growth economy? Now that’s progress!
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90 search results for: degrowth to a steady state economy
Read and Sign the Position Statement
Whereas:
1) Economic growth, as defined in standard economics textbooks, is an increase in the production and consumption of goods and services, and;
2) Economic growth occurs when there is an increase in the multiplied product of population and per capita consumption, and;
3) The global economy grows as an integrated whole consisting of agricultural, extractive, manufacturing, and services sectors that require physical inputs and produce wastes, and;
4) Economic growth is often and generally indicated by increasing real gross domestic product (GDP) or real gross national product (GNP),
Definition of Steady State Economy
Summary
A steady state economy is an economy of stable or mildly fluctuating size. The term typically refers to a national economy, but it can also be applied to a local, regional, or global economy. An economy can reach a steady state after a period of growth or degrowth. To be sustainable, a steady state economy may not exceed ecological limits.
A steady state economy entails stabilized population and per capita consumption.
Approaching the Energy Cliff
/17 Comments/in Dave Rollo, Energy, Steady State Economy, Steady State Heraldby Dave Rollo
Warn anyone in the USA about the coming energy crisis and you’re likely to see eyes roll. “What energy crisis? That was half a century ago! Markets and technology won. Today we’re back among the top oil suppliers!”
All true, but the response gives a false sense of security that has policymakers and publics sleepwalking toward a cliff. An energy crisis is likely ahead, no matter our rank (currently third) among oil supplying nations.
We Asked for Science. We Got Sustain-a-Babble.
/11 Comments/in Biodiversity, Climate Change, Economic Growth, Population, Steady State Economy, Steady State HeraldEditor’s Note
CASSE encourages members and readers to hold their government agencies to account on the conflict between economic growth and environmental protection. Last week, Brian Czech presented Gag-Ordered No More to the Canadian Association for the Club of Rome, concluding with recommendations for engaging agency directors. We follow up this week with a letter from the Qualicum Institute (British Columbia) to Canada’s Minister of Environment and Climate Change,
Introducing the Commission on Economic Sustainability Act
/2 Comments/in Daniel Wortel-London, Economic Growth, Economic Policy, Steady State Economy, Steady State Herald, Sustainabilityby Daniel Wortel-London
What U.S. federal agency is responsible for identifying and reducing the environmental and social costs of economic growth? None, really. The government has plenty of agencies and programs devoted to conservation, natural capital accounting, “green” industrial policy, and just transitions. But none address the elephant in the room: economic growth. Growth is what causes a nation’s ecological footprint to exceed its biocapacity.
Two Cheers for Circularity
/9 Comments/in Gary Gardner, Materials use, Steady State Economy, Steady State Herald, Sustainabilityby Gary Gardner
Here’s some bad news for folks who see a circular economy as a way out of the polycrisis: Trends in global materials use, which recently bent modestly in the direction of circular flows, are flattening once again. The Circle Economy Foundation in Amsterdam reported in January that secondary materials amounted to only 7.2 percent of all materials in the global economy in 2023, down from 9.1 percent in 2018.
Redesigning Business for Sustainability
/8 Comments/in Daniel Wortel-London, Economic Growth, Steady State Economy, Steady State Herald, Sustainabilityby Daniel Wortel-London
Can businesses become sustainable? Certainly—at least in theory. In recent years, new business models have emerged that attempt to place business on an ecologically healthy footing. The doughnut economy, the regenerative economy, sufficiency enterprises, and postgrowth and degrowth businesses: These and other experiments represent ways of doing business that not only create customer and firm value, but address social and environmental needs as well.
Learning from Las Vegas: The Costs of Growth
/2 Comments/in Daniel Wortel-London, Economic Growth, Governance, Politics, Steady State Economy, Steady State Herald, Waterby Daniel Wortel-London
Since 1998, the City of Las Vegas and the U.S. Bureau of Land Management (BLM) have been gambling with nature. By auctioning off public land from the BLM for development and using the proceeds to preserve natural areas, policymakers and federal officials have bet that development and conservation can go hand-in-hand.
But it hasn’t worked out that way.
As the Las Vegas region has grown from 1.3 to 2.7 million people since 1998,
Herman Daly Has the Floor
/2 Comments/in Degrowth, Herman Daly, Postgrowth, Steady State Economy, Steady State HeraldEditor’s Note: Saturday, October 28 marks the first anniversary of Herman Daly’s passing. The father of steady-state economics, Daly was CASSE’s economist emeritus and a long-time board member. We celebrate his clear and stimulating thought with three classic essays from Best of The Daly News.
Wealth, Illth, and Net Welfare
Well-being should be counted in net terms, that is to say we should consider not only the accumulated stock of wealth but also that of “illth;” and not only the annual flow of goods but also that of “bads.” The fact that we have to stretch English usage to find words like illth and bads to name the negative consequences of production that should be subtracted from the positive consequences is indicative of our having ignored the realities for which these words are the necessary names.