A new Left has to be an ecological Left, or it won’t be left at all. Environmental change ‘changes everything’ for the Left too, Naomi Klein argued. Capitalism requires constant expansion, an expansion predicated on exploitation of humans and non-humans, that irreversibly damages the climate. A non-capitalist economy will have to sustain itself while contracting. But how can we redistribute or secure meaningful work without growth? There is not yet a concrete ‘economics of degrowth’. Lamentably, Keynesianism is the most powerful tool the Left, even the Marxist Left, has for dealing with issues of policy. But this is an economics of the 1930s when unlimited expansion was still possible and desirable.
Read the whole article in the New Internationalist
We all use models in daily life to explain our environment. An example: I assume that a tree will grow provided it has sufficient water, nutrients and sun. I am using a simple model here, without understanding the nitty-gritty – what exactly happens in the roots, stem, leaves and cells. Thinking in models is not only useful to understand our world, but also to solve problems. Let’s assume the ...
By Sam Bliss Growth means a process of increasing in physical size. When we think of economic growth, it is difficult to fathom what exactly grows, since 'the economy' is an invented concept that describes billions of human interactions as if they were one giant entity. But gross domestic product is a rate -- the total money value of economic activity per year -- and thus growth really means ...
Bestehende Ansätze der Postwachstumsökonomik entspringen allesamt der gesamtwirtschaftlichen Perspektive. Die einzelwirtschaftliche Dimension einer Wirtschaft ohne Wachstum blieb bislang weitgehend außer Acht. Diese Forschungslücke ist frappierend, da volkswirtschaftliche Konzepte mit dem Ziel einer Wachstumsrücknahme wie das bedingungslose Grundeinkommen, die Umverteilung von Erwerbsarbeit, zinslose Geldsysteme oder Suffizienz zwar notwendige aber nicht hinreichende Bedingung für tragfähiges wachstumsneutrales Wirtschaften [...]
