Degrowth: the case for a new economic paradigm

Unbridled growth appears to be at odds with social well-being and environmental sustainability. How might we develop a model that reduces the imperative for growth while maintaining economic stability?

This article, written in 2017, by Riccardo Mastini (Universitat Autònoma de Barcelona) provides a brief history of degrowth.

This interpretation of degrowth assume that the use of energy and raw materials do not decline in absolute terms, impacts may still increase, but do so at a slower pace than growth in GDP.  It is a policy that aims to maintain economic stability. It takes no account of global and local trends in the economy.

Whereas I see degrowth as an economic reality.  There is no getting away from it.   Policies are required, but not to reverse degrowth which is impossible.  They are required to enable the consequences of degrowth, such as a decline in prosperity to be managed.

I am publishing this piece to draw attention to the fact that degrowth can be seen as a policy at a time of “natural” economic growth or as an ongoing outcome, which is the underlying assumption of this blog.