When prices are high, the debt-based Ponzi scheme functions; when prices sustain lows, the scheme unravels.
Articles: steady-state economy (34)
Is it not also time for a government commission on post-growth economics?
The story of a hippy flower-child who leveraged big economic decisions that ushered in renewable energy and sensible land-use for Austin and the State of Texas.
If rational arguments were primary catalysts for social change, perhaps a steady state economy would already be a reality.
What does genuine economic progress look like?
Perhaps post-growth thinkers need to embrace a both/and strategy—both policy reform and grassroots change—rather than privileging one over the other or wasting energy on the wrong audience.
So, what is the link between this latest water pollution debacle, economic growth, and a true-cost economy?
The Overlooked Anniversary: Forty Years Ago Congress and the President Called for a Steady State Economy
You read that right. Pursuant to an act of the 93rd Congress, President Richard M. Nixon signed into law the establishment of a steady state economy. That law was called the “Endangered Species Act.”
One should be grateful to one’s critics–it is much better to be criticized than ignored.
Paul Krugman often writes sensibly and cogently about economic policy. But like many economists, he can become incoherent on the subject of growth.