Rendering the Economic Fat for a Steady State Economy

by Gary Gardner

Mention the steady state economy at a gathering of friends and a predictable concern is sure to arise. “I couldn’t possibly manage on a flat income, much less a reduced one. I can barely make ends meet now!” Heads will nod all around. The idea of a nongrowing economy—not to mention degrowth—quickly sours the party mood.

The objection is understandable from people long accustomed to ever-greater levels of consumption.