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Managing without Growth, Second Edition

Peter A. Victor
€164.92
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A01=Peter A. Victor
Author_Peter A. Victor
Category=KCG
Category=KCM
Category=KCVG
Category=RND
degrowth
Ecological Economics Textbook
ecological macroeconomics
economic growth
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
natural capital
steady-state economics
stock-flow consistent
sustainable prosperity
system dynamics

Product details

  • ISBN 9781785367373
  • Dimensions: 156 x 234mm
  • Publication Date: 25 Jan 2019
  • Publisher: Edward Elgar Publishing Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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Description
Ten years after the publication of the first edition of this influential book, the evidence is even stronger that human economies are overwhelming the regenerative capacity of the planet. This book explains why long-term economic growth is infeasible, and why, especially in advanced economies, it is also undesirable. Simulations based on real data show that managing without growth is a better alternative.

The book tells how the recent idea of economic growth emerged from the idea of progress, itself only a few hundred years old. Many reasons for questioning growth are given based on an extensive review of the data as well as on conceptual and methodological considerations. The experience of growth in several countries is documented, compared and found wanting.

Possibilities for managing without growth in high income economies are simulated with a new, comprehensive systems model with many novel features. Three 50 year scenarios are compared: a base case, an ambitious greenhouse gas reduction scenario, and a sustainable prosperity scenario with broader environmental objectives, reduced income inequality, shorter working hours and the cessation of economic growth. The book closes with a review of policies to make this scenario a reality.

This updated book is a valuable resource for a broad academic audience, including students and researchers in economics, environmental studies, environmental science, business studies, and geography, as well as social justice groups and NGOs concerned with the environment, inequality and employment.
About Peter A. Victor
Peter A. Victor, Professor Emeritus, York University, Canada

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