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.

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by Orsolya Lelkes

Happiness matters. The quest for happiness is an elementary life force and an inherent part of steady state economies. Many fear that reducing material consumption will bring a decline in happiness. We do not like to lose what we already have. Recession and income loss tend to hurt.

On the other hand, voluntary adjustment of priorities in life may boost well-being, as a simpler life might deliver more of what many are missing: health,

The post Happiness Matters, Even in a Steady State Economy! Part 2: Flourishing Life appeared first on Center for the Advancement of the Steady State Economy.

by Orsolya Lelkes

From a historical perspective, we should be living in the happiest of all worlds. Ours is a culture ostensibly centered around happiness: The mainstream neoclassical economic system aims to maximize pleasure (utility) for all, and is based on the assumption that we humans seek the greatest pleasure and the least pain, and that this quest is the main driver of our actions.

Happiness has also been a philosophical,

The post Happiness Matters, Even in a Steady State Economy! Part 1: Sustainable Hedonism appeared first on Center for the Advancement of the Steady State Economy.

by Gregory M. Mikkelson

Several years ago, some university students invited me to debate a hard-core mainstream economics professor on the topic of divestment from fossil fuel. Sadly but predictably, the economist lauded the fossil fuel industry for its role in boosting economic growth. At one point, he cited India as an example of how wonderful such growth is for people.

The moderator, from India himself, felt compelled to step in,

The post Economic Growth is Bad for Your Breath(s) appeared first on Center for the Advancement of the Steady State Economy.

by Gary Gardner

Official Washington is all aflutter over whether Congress should raise the ceiling on U.S. government debt. But this is not the most pressing debt question our country faces.

To see why, step back and enlarge the frame.  A new question emerges: Why would Congress create an artificial and wholly unnecessary debt crisis while ignoring a far more dangerous and decidedly real debt trap? I speak of our ballooning ecological debt,

The post What About the Other Debt Ceiling? appeared first on Center for the Advancement of the Steady State Economy.

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.

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 Rosalie Bull

“Planned obsolescence” has become a household term for 21st century Americans. No wonder, considering that most household appliances today have been designed in accordance with the practice. Now more than ever, things just aren’t made like they used to be. In fact, they’re made to fail—often within a fraction of their potential lifespans—in order to spur more consumption.

What have we here, Santa?

The post Ending Planned Obsolescence: a Nonpartisan Movement for Steady Staters to Support 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.