Stephen A. Marglin

Premises for a New Economy

There is considerable uncertainty about how tightly ecology constrains planetary growth. Given this uncertainty, prudence dictates a conservative approach that takes limits to growth seriously. In an ecologically constrained world, both the global North and the global South need to consider new obligations and limits. A basic commitment to social justice requires that the claims of the poor, chiefly residing in the South, take precedence over the claims of the rich, chiefly residing in the North. The North may have to accept an actual reduction in conventional measures of standard of living to create ecological space for Southern growth.

January 11, 2012

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