As part of a another current project, which I will have more to say about soon, I was trawling through early Internet archives of the Post Keynesian Thought (PKT) listserv archives and was reminded that I began my degrowth journey many years ago. Going back in time and coming across things that one has written…
Degrowth
It’s Wednesday and I have looked at the US CPI release overnight that has set alarm bells off in the ‘financial markets’ and among mainstream economists. My assessment is that there is nothing much to see – annual inflation less volatile items is still falling and the lagged impact of shelter (housing) is still evident…
Last week (February 15, 2024), the Japanese Cabinet Office released the latest national accounts estimates for the December-quarter 2023 – Quarterly Estimates of GDP for Oct.-Dec. 2023 (The First preliminary) – which showed that the economy had slipped into an official recession (two consecutive quarters of negative GDP growth) and in the process had moved…
I read an interesting report in the last few days – The Economics of the Food System Transformation – published on January 29, 2024 by the – Food Systems Economics Commission (FSEC) – which “is a joint initiative that brings together 21 commissioners from 19 global institutions”. The topic is very relevant to research I…
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.