1972
DOI: 10.2307/1239248
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In Defense of a Steady‐State Economy

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Cited by 98 publications
(87 citation statements)
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“…This is especially true of educational systems, which today fail to inform most people of how the world works and thus perpetuate a vast culture gap [54]. The academic challenge is especially great for economists, who could help set the background for avoiding collapse by designing steady-state economic systems [107,134,143], and along the way destroying fables such as 'growth can continue forever if it's in service industries', or 'technological innovation will save us'. Issues such as the importance of comparative advantage under current global circumstances [144], the development of new models that better reflect the irrational behaviour of individuals and groups [145], reduction of the worship of 'free' markets that infests the discipline, and tasks such as making information more symmetrical, moving towards sustainability and enhancing equity (including redistribution) all require re-examination.…”
Section: The Need For Rapid Social/political Changementioning
confidence: 99%
“…This is especially true of educational systems, which today fail to inform most people of how the world works and thus perpetuate a vast culture gap [54]. The academic challenge is especially great for economists, who could help set the background for avoiding collapse by designing steady-state economic systems [107,134,143], and along the way destroying fables such as 'growth can continue forever if it's in service industries', or 'technological innovation will save us'. Issues such as the importance of comparative advantage under current global circumstances [144], the development of new models that better reflect the irrational behaviour of individuals and groups [145], reduction of the worship of 'free' markets that infests the discipline, and tasks such as making information more symmetrical, moving towards sustainability and enhancing equity (including redistribution) all require re-examination.…”
Section: The Need For Rapid Social/political Changementioning
confidence: 99%
“…Ecological economists reject the smoothness of transitions to a steady state implied by neoclassical growth models. However, there has been relatively little concrete macroeconomic theorizing on the growth-environment nexus (notable exceptions are Barker et al, 2012, Daly, 1973, Harris and Goodwin, 2003, Victor, 2011. Few studies have explored the implications of a zero growth economy; recently, Victor (2008), Jackson (2009, and Jackson and Victor (2011) have begun to explore the structural drivers of growth and the manner in which a zero-growth economy could function, questions also prominent in the "degrowth" movement (Martinez-Alier et al 2010;Schneider et al 2011).…”
Section: Towards Ecological Economics: Considering Thresholds and Insmentioning
confidence: 99%
“…Levels of consumption in developed nations are decreasingly sustainable on a limited earth [65][66][67][68]. In the next decades, US per capita material and energy consumption needs to be scaled down to a terrestrial scale [66,68,[69][70][71]. Since US health care already comprises a significant proportion of GDP, if the economy is to be scaled down, so must health care [72,73].…”
Section: Looking Ahead: Larger Problems and Possible Solutionsmentioning
confidence: 99%