The Macroeconomics of De-growth
The Macroeconomics of De-growth

Author: Dina Padalkina

Publisher: GRIN Verlag

Published: 2012

Total Pages: 57

ISBN-13: 3656159734

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Master's Thesis from the year 2012 in the subject Economics - Macro-economics, general, grade: excellent, Berlin School of Economics and Law, language: English, abstract: This paper examines an alternative strategy for sustainability and economic development based on de-growth assumptions. This concept is proposed by ecological economists, who consider there to be a natural limitation on economic growth, imposed by necessary environmental regulation. Moreover they oppose the neoclassical ideas, which are considered as pro growth theories, arguing that economic growth itself does not contribute to the social and economic development, therefore it should not be sustained. Accepting this proposition the author makes an attempt to verify the feasibility of a de-growth strategy for macroeconomic stability, applying a post-Keynesian methodology for analysis. The Kaleckian model is used as the basic approach to derive the model restrictions for the de-growth strategy that maintains macroeconomic stability. The findings of this paper will provide policy recommendations to sustain macroeconomic stability, while taking full account of the degrowth assumptions.

The Case for Degrowth
The Case for Degrowth

Author: Susan Paulson

Publisher: John Wiley & Sons

Published: 2020-09-29

Total Pages: 74

ISBN-13: 1509535640

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The relentless pursuit of economic growth is the defining characteristic of contemporary societies. Yet it benefits few and demands monstrous social and ecological sacrifice. Is there a viable alternative? How can we halt the endless quest to grow global production and consumption and instead secure socio-ecological conditions that support lives worth living for all? In this compelling book, leading experts Giorgos Kallis, Susan Paulson, Giacomo D’Alisa and Federico Demaria make the case for degrowth - living well with less, by living differently, prioritizing wellbeing, equity and sustainability. Drawing on emerging initiatives and enduring traditions around the world, they advance a radical degrowth vision and outline policies to shape work and care, income and investment that avoid exploitative and unsustainable practices. Degrowth, they argue, can be achieved through transformative strategies that allow societies to slow down by design, not disaster. Essential reading for all concerned citizens, policy-makers, and students, this book will be an important contribution to one of the thorniest and most pressing debates of our era.

Developmental Macroeconomics
Developmental Macroeconomics

Author: Luiz Carlos Bresser-Pereira

Publisher: Routledge

Published: 2019-01-03

Total Pages: 188

ISBN-13: 9780367178796

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Developmental Macroeconomics: Access to Demand, the Exchange Rate and Growth offers a new approach to development economics and macroeconomics. It is a Keynesian-structuralist approach to economics applied to middle income countries that emphasizes the strategic role of demand in creating investment opportunities that are essential to economic development. It also explores crucial links between short-term full employment and financial stability with medium term growth. While this book emphasizes the central role played by the exchange rate it does not ignore other macroeconomic prices (the interest rate, the inflation rate and the profit rate). It develops a group of concepts and models and blends them together in the model of the tendency to the cyclical overvaluation of the exchange rate in developing countries. According to this model, the exchange rate tends to be chronically overvalued. In so far that this is true the exchange rate ceases to be just a short-term problem to be treated by macroeconomics and becomes central to development economics and should be crucially oriented to manage the exchange rate and keep it competitive at the industrial equilibrium level. The book closes with the presentation of new developmentalism - a national development strategy based on the system of models previously discussed that is both an alternative to old national-developmentalism and to liberal orthodoxy or the Washington consensus.

The Future is Degrowth
The Future is Degrowth

Author: Matthias Schmelzer

Publisher: Verso Books

Published: 2022-06-28

Total Pages: 406

ISBN-13: 1839765852

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Economic growth isn't working, and it cannot be made to work. Offering a counter-history of how economic growth emerged in the context of colonialism, fossil-fueled industrialization, and capitalist modernity, The Future Is Degrowth argues that the ideology of growth conceals the rising inequalities and ecological destructions associated with capitalism, and points to desirable alternatives to it. Not only in society at large, but also on the left, we are held captive by the hegemony of growth. Even proposals for emancipatory Green New Deals or postcapitalism base their utopian hopes on the development of productive forces, on redistributing the fruits of economic growth and technological progress. Yet growing evidence shows that continued economic growth cannot be made compatible with sustaining life and is not necessary for a good life for all. This book provides a vision for postcapitalism beyond growth. Building on a vibrant field of research, it discusses the political economy and the politics of a non-growing economy. It charts a path forward through policies that democratise the economy, "now-topias" that create free spaces for experimentation, and counter-hegemonic movements that make it possible to break with the logic of growth. Degrowth perspectives offer a way to step off the treadmill of an alienating, expansionist, and hierarchical system. A handbook and a manifesto, The Future Is Degrowth is a must-read for all interested in charting a way beyond the current crises.

The Imperial Mode of Living
The Imperial Mode of Living

Author: Ulrich Brand

Publisher: Verso Books

Published: 2021-01-26

Total Pages: 257

ISBN-13: 1788739124

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Our Unsustainable Life: Why We Can't Have Everything We Want With the concept of the Imperial Mode of Living, Brand and Wissen highlight the fact that capitalism implies uneven development as well as a constant and accelerating universalisation of a Western mode of production and living. The logic of liberal markets since the 19thCentury, and especially since World War II, has been inscribed into everyday practices that are usually unconsciously reproduced. The authors show that they are a main driver of the ecological crisis and economic and political instability. The Imperial Mode of Living implies that people's everyday practices, including individual and societal orientations, as well as identities, rely heavily on the unlimited appropriation of resources; a disproportionate claim on global and local ecosystems and sinks; and cheap labour from elsewhere. This availability of commodities is largely organised through the world market, backed by military force and/or the asymmetric relations of forces as they have been inscribed in international institutions. Moreover, the Imperial Mode of Living implies asymmetrical social relations along class, gender and race within the respective countries. Here too, it is driven by the capitalist accumulation imperative, growth-oriented state policies and status consumption. The concrete production conditions of commodities are rendered invisible in the places where the commodities are consumed. The imperialist world order is normalized through the mode of production and living.

Economic Growth, the Environment and International Relations
Economic Growth, the Environment and International Relations

Author: Stephen J. Purdey

Publisher: Routledge

Published: 2010-01-04

Total Pages: 425

ISBN-13: 113517900X

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The ubiquity of the commitment to economic growth, which Purdey refers to as the growth paradigm, is extraordinary. National governments around the world are seized of the same objective. Major international institutions such as the UN, the WTO, the World Bank, IMF and OECD, powerful international organizations such as regional trading blocs and multinational corporations – even civil societies of all kinds enthusiastically pursue a larger economic pie. This book examines the deep origins and rise to prominence of the commitment to economic growth. It explains why, despite the diversity of regime types, levels of development, cultures and other divisions typical of international relations, all major actors in the modern global polity pursue an identical political priority. Purdey critically examines the growth paradigm highlighting its normative foundations and its environmental impact, especially climate change. Using a neo-Gramscian approach, Purdey re-engages the ‘limits to growth’ controversy, identifying the commitment to growth as a form of utopianism that is as dangerous as it is seductive. By illuminating and interrogating the history, politics and morality of the growth paradigm, this book shifts the terrain of the limits debate from instrumental to ethical considerations. It will be of interest to students and scholars of political economy, international relations, environmental studies and ethics.

The Political Economy of Degrowth
The Political Economy of Degrowth

Author: Timothée Parrique

Publisher:

Published: 2019

Total Pages: 0

ISBN-13:

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What is degrowth and what are its implications for political economy? Divided in three parts, this dissertation explores the why, what, and how of degrowth. The first part (Of growth and limits) studies the nature, causes, and consequences of economic growth. Chapter 1: Understanding economic growth answers a series of questions about the nature of economic growth: What is it exactly that grows? By how much does it grow? When and where does it grow? How does it grow? And why should it grow? The three following chapters develop a triple objection to economic growth as no longer possible (Chapter 2: Biophysical limits to growth), plausible (Chapter 3: Socioeconomic limits to growth), and desirable (Chapter 4: Social limits of growth). The second part (Elements of degrowth) is about the idea of degrowth, especially its history, theoretical foundations, and controversies. Chapter 5: Origins and definitions traces the history of the concept from 1968 to 2018. Chapter 6: Theoretical foundations presents a normative theory of degrowth as de-economisation, that is a reduction in importance of economic thoughts and practices. Chapter 7: Controversies reviews the attacks the concept has received. Whereas the first part diagnosed economic growth as the problem, this part offers a solution. The take-home message is that degrowth is not only a critique but also a fully-fledged alternative to the growth society. The third part (Recipes for degrowth) is about the transition from a growth economy to a degrowth society. It opens with an inventory of the policies that have been mobilised by degrowthers until today (Chapter 8: Strategies for change). The three following chapters on property (Chapter 9: Transforming property), work (Chapter 10: Transforming work), and money (Chapter 11: Transforming money) go from theory to practice and translate the values and principles of degrowth into operational transition strategies. Chapter 12: Transition strategy presents a method to study the interactions between degrowth policies in order to craft effective transition strategies. The central claim of this final part is that degrowth is a powerful conceptual tool to think about societal transformations for social-ecological justice.

The Macroeconomics of De-Cashing
The Macroeconomics of De-Cashing

Author: Mr.Alexei P Kireyev

Publisher: International Monetary Fund

Published: 2017-03-27

Total Pages: 26

ISBN-13: 1475589255

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The paper presents a simple framework for the analysis of the macroeconomic implications of de-cashing. Defined as replacing paper currency with convertible deposits, de-cashing would affect all key macroeconomic sectors. The overall macreconomic impact of de-cashing would depend on the balance of growth-enhancing and growth-constraining factors. Starting from a traditional saving-investment balance, the paper develops a four-sector macroeconomic framework. It is purely illustrative and is designed to provide a roadmap for a systematic evaluation of de-cashing. The framework is disaggregated into the real, fiscal, monetary, and external sectors and potential implications of de-cashing are then identified in each sector. Finally, the paper draws a balance on possible positive and negative macroeconomic implications of de-cashing, and proposes policies capable of augmenting its economic and social benefits, while reducing potential costs.