Degrowth

Editor’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.

I

Growth proliferates — demanding

degrading, derailing, deficient

destroying, degenerating, detonating

demineralising

depressing.

Degrowth devolves — deconstructs

decentralises, deinstitutionalises, decolonises

dematerialises, demilitarises and

decommodifies.

Degrowth defuses

and designs.

Decide destination degrowth.

The post Degrowth in IV Movements appeared first on Progress in Political Economy (PPE).

I am now in a very hot and humid Kyoto having left Australia yesterday in weather that was in some places 20 or more degrees Celsius above the norm for early Spring. The heat here and back home at this time of year is rather scary given what it portends. I also do not have…

by Brian Czech

The only way to arrive at a safe, sustainable, steady state economy is with substantial behavioral and political reform. Those two categories of reform correspond roughly with the demand side and supply side of the economy, respectively. In the simplest of terms, people must conscientiously demand less—wealthy people in particular—and policymakers must help ensure that the supply of goods and services is not in a state of overshoot.

My focus here is on the supply side.

The post Defining “Economic Development” in Statutory Law: Content and Strategy appeared first on Center for the Advancement of the Steady State Economy.

by Kendrick Hardaway and John Mulrow

In Chicago, the great dome atop the Museum of Science and Industry rotunda is emblazoned with these words:

Science discerns the laws of nature

Industry applies them to the needs of man

The inscription’s lofty rhetoric hides a powerful assumption that is broadly internalized in industrial societies today: that the “needs of man” are unlimited,

The post Degrowth for Engineering and Engineering for Degrowth appeared first on Center for the Advancement of the Steady State Economy.

by Rosalie Bull

I’m having an ongoing conversation with a friend about the merits and drawbacks of degrowth as a climate action strategy. She is easily the most astute climate thinker I know, with insights available only to those deeply immersed in the nuances of climate finance and decarbonization. She’s wary of the degrowth movement, as are many prominent players in the climate transition. She views it as an unhelpful distraction from humanity’s efforts to grapple with the climate crisis.

The post Degrowth in a Green-Growth World appeared first on Center for the Advancement of the Steady State Economy.

Last Monday, I wrote about the global need for us to abandon meat production for food, and, instead take up plant-based diets. Many people interpreted that argument as a personal attack on their dietary freedom, which indicates they fell into a fallacy of composition trap and declined to see the global issue. As part of…

This is Part 6 of a series on Deep Adaptation, Degrowth and MMT that I am steadily writing. I have previously written in this series that there will need to be a major change in the composition of output and the patterns of consumption if we are to progress towards a sustainable future. It will…

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,

The post COP15: The Good, the Bad, and the Smugly appeared first on Center for the Advancement of the Steady State Economy.

I use World Bank data to test Nitzan and Bichler's 'stagflation thesis' --- the idea that inflation in the midst of economic stagnation is the norm.

The post Is Stagflation the Norm? appeared first on Economics from the Top Down.