Economic Growth

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.

by Gary Gardner

The recent news that scientists moved a step closer to fusion energy was greeted with enthusiasm and awe in much of the media, a bright spot of cheer amid the ongoing drumbeat of existential global threats. Only the most cynical of curmudgeons could pooh-pooh this hopeful development—right?

After all, energy is the foundation of human development. Civilizational advance is a tale of ongoing successes in shaping energy for human ends.

The post Fusion Energy: A Different Take appeared first on Center for the Advancement of the Steady State Economy.

by Yiran Cheng

China, as the world’s second-largest economy and a rising superpower, is an integral part of the discussion if a steady state economy is ever to be achieved at a global scale. China’s environmental impact grows by the day, yet serious consideration about intentionally slowing economic growth has seldom occurred, let alone the possibility of a sustained 负增长, the Mandarin translation of “degrowth”.

This is not to say China is oblivious to its environmental toll.

The post Prospects for 负增长 Toward a Steady State Economy in China appeared first on Center for the Advancement of the Steady State Economy.

by Brian Czech

Steady staters live with the reality that economic growth is unsustainable. It can continue for only so long before Nature will no longer support it. Therefore, we call for stabilization—the steady state economy—rather than growth. In particular, population and per capita consumption must be stabilized. Of the two, population is the most fundamental aspect of stabilizing the economy and its ecological footprint.

The population of a country is determined by births,

The post A Steady-State Approach to Immigration appeared first on Center for the Advancement of the Steady State Economy.

by Brian Czech

If you call yourself a “conservative” these days, what does that tell us? Or, what is it supposed to tell us? Does it mean you’re a Republican, a Tory, or a member of the largest party in the democratic world, the Bharatiya Janata Party? Must you be a particular brand of partisan—maybe a MAGA Republican or a Modi भक्त—to wear the conservative hat?

What about your faith?

The post Conservatives and the Steady State Economy: A Natural Fit appeared first on Center for the Advancement of the Steady State Economy.

by Brian Czech

Election Day is almost upon us. Along with the 435 House seats are thirty-five seats for grabs in the Senate. Our focus here is on the Senate races, given their high-profile candidates, substantial policy stakes, and excellent examples of growthmanship gone amuck (literally, in some agricultural cases).

Candidates fall along a spectrum—theoretically at least—from a degrowth to a pro-growth stance. It’s a “theoretical” spectrum because, at this point in the history of the USA,

The post Three Senate Races for Steady Staters to Monitor appeared first on Center for the Advancement of the Steady State Economy.

by Brian Czech

Herman Daly, the champion of steady-state economics, passed away in the presence of beloved family members on October 28, 2022. In the process, a world in dire need of Herman’s wisdom became a lesser place. Yet we can be grateful for the 84 years he graced the earth and for the legacy he’s left us.

An excellent festschrift edited by Joshua Farley, a sweeping biography by Peter Victor,

The post Herman Daly (1938-2022): Up to the Steady State Economy appeared first on Center for the Advancement of the Steady State Economy.

by Herman Daly (posthumously) — Introduction by Brian Czech

Given the recent, tragic passing of Herman Daly, we allocate this week’s Steady State Herald to the wise words of Daly himself. From 2010-2018, Herman was a regular contributor to The Daly News, CASSE’s blog before the Herald was launched. (Herman’s modesty almost prevented us from naming the blog after him, but he was outnumbered by CASSE staff and board,

The post In Commemoration: A Sampling of Herman Daly appeared first on Center for the Advancement of the Steady State Economy.

by Brian Czech

With COP15 coming up, it’s time to don the old conservation biologist hat and proffer a primer on the relationship between economic growth and biodiversity conservation. The last thing we want is a COP15 devoid of discussion about the fundamental conflict between growing the economy and conserving biodiversity. In fact, the 800-pound gorilla—GDP growth—ought to be front and center.

For the uninitiated, COP15 is the UN Biodiversity Conference,

The post A Primer on Economic Growth and Biodiversity Conservation for COP15 appeared first on Center for the Advancement of the Steady State Economy.