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110 search results for: degrowth to a steady state economy
Service Providers in the Trophic Theory of Money
/5 Commentsby Brian Czech
Steady State Herald readers are familiar with the theory that money originates from an agricultural surplus that frees hands for the division of labor—and thenceforth the exchanging of money. This trophic theory of money (TTOM) helps us understand not only the historical origins of money, such as in Mesopotamia (the “Cradle of Cash”), but also the annual origins of “warranted money” in the grain belts of the world.
The Olympic Spirit: Friendly Competition or Unsustainable Growth?
/0 Commentsby Mark Cramer
Every four years, the Summer Olympics present a rare opportunity for friendly competition and collaboration among nations. The public has an opportunity to witness a myriad of sports that otherwise never make the headlines. Talented athletes get a rare chance to display their skills before an international audience.
The Olympics offer a venue for peaceful, international solidarity. Yet they also present a seemingly insurmountable ecological challenge. To begin with,
Introducing a Different Type of 32-Hour Workweek Act
/0 Commentsby Daniel Wortel-London
Working long hours? You aren’t alone. Forty-one percent of U.S. workers reported working more than 45 hours a week in 2021. Sixteen percent said they spent more than 60 hours per week at work. Working long hours has been shown to degrade quality of life and productivity. But there’s a bigger problem with full-time employment: It isn’t environmentally sustainable.
Additional economic growth is the only way to generate full-time employment.
We Asked for Science. We Got Sustain-a-Babble.
/11 CommentsEditor’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 Commentsby 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 Commentsby 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 Commentsby 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 Commentsby 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 CommentsEditor’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.