The article discusses the different approaches to achieving sustainable economic growth, including post-growth economics. Post-growth economics is a school of thought that argues that continued growth is not possible while keeping within the planet's boundaries.
The article highlights three families of ecological economics: green Keynesians, green capitalists, and post-growth economists. Each family has its own approach to achieving sustainable economic growth.
Green Keynesians believe that green growth is possible through state-led transition, with policies such as carbon pricing, deregulation of green industries, and public-private partnerships. They also advocate for a "green new deal" and increased public investment in renewable energy and infrastructure.
Green capitalists, on the other hand, believe that market reforms and technology can deliver sustainable growth. They argue that innovation offers a way out of environmental challenges and that carbon pricing and deregulation of green industries are essential for achieving sustainability.
Post-growth economists, by contrast, disagree on the need for continued growth and argue that it is incompatible with reducing greenhouse gas emissions and avoiding climate change. They propose alternative measures of prosperity, such as wellbeing and happiness, rather than GDP.
The article also notes that the de-growth movement, which advocates for radical scaling down of production and consumption, has been a prominent incarnation of post-growth economics. Some proponents of this approach argue that the scenario in Limits to Growth is already playing out or will soon do so, pointing to long-term productivity slowdowns and low growth in many western economies.
Overall, the article suggests that there are different perspectives on achieving sustainable economic growth, and that policymakers must consider these approaches when developing policies to address climate change.
The article highlights three families of ecological economics: green Keynesians, green capitalists, and post-growth economists. Each family has its own approach to achieving sustainable economic growth.
Green Keynesians believe that green growth is possible through state-led transition, with policies such as carbon pricing, deregulation of green industries, and public-private partnerships. They also advocate for a "green new deal" and increased public investment in renewable energy and infrastructure.
Green capitalists, on the other hand, believe that market reforms and technology can deliver sustainable growth. They argue that innovation offers a way out of environmental challenges and that carbon pricing and deregulation of green industries are essential for achieving sustainability.
Post-growth economists, by contrast, disagree on the need for continued growth and argue that it is incompatible with reducing greenhouse gas emissions and avoiding climate change. They propose alternative measures of prosperity, such as wellbeing and happiness, rather than GDP.
The article also notes that the de-growth movement, which advocates for radical scaling down of production and consumption, has been a prominent incarnation of post-growth economics. Some proponents of this approach argue that the scenario in Limits to Growth is already playing out or will soon do so, pointing to long-term productivity slowdowns and low growth in many western economies.
Overall, the article suggests that there are different perspectives on achieving sustainable economic growth, and that policymakers must consider these approaches when developing policies to address climate change.