Zero Growth Economy

Why is growth fundamental to capitalist economies?

Tagged , ,

I’ve been intrigued to discover that growth is a structural necessity in our current economy, for social stability ie to avoid unemployment. Growth can sound like a good thing – particularly in the neo-classical paradigm of “more is better”.  But GDP growth is not an imperative for our leaders because it makes us better off. [...]

What is the problem with the current system?

Tagged , , ,

One question I have is how did the financial markets managed to destabilise entire economies during the credit crunch. This is important as nothing fundamental has changed as a result of the credit crunch so we are surely vulnerable to a repeat. I have tried to understand this from Tim Jackson’s SDC report “Prosperity Without [...]

No Growth/Steady State Economy

Tony Weekes feels that  a No Growth economy is a non-starter but seems in sympathy with a Steady State economy.  I suppose it depends on how these things are defined, but I regard them as more or less synonymous.  “No-growthers” do not claim that the economy should  not change , but that we should cease [...]

A serious proposal …

… to establish an informal Quaker Economics Group. “Quakernomics” was launched around the time of the first Woodbrooke/QPSW “No Growth Economy” meetings (at Friends House, 26 September 2009)  It began well and has had (at the date of this posting) over 5000 visits. But has never really fulfilled what some of us hoped it would [...]

Trivia … and thoughtfulness

Two items catch my eye from browsing the internet this morning (18 May).  One from the Guardian: Graeme Wearden, in an article entitled Inflation hits 3.7% in April, quotes an economist with a City finance house, who argues that “ … recent fiscal and monetary policy means it is inevitable that the UK will suffer [...]

The Elephant in the room

At last this last week we got a vague  glimpse of the ‘elephant  in the room’  whose overpowering influence we have all  felt for the last how many years, though it remained unnamed  - the IMF!  And on the same day as the IMF announced they were proposing taxes on banks –  just like they decided  more [...]

A New Paradigm – 2

In this contribution, I refer in particular to the posting by Dave Milner on 9-2-2010 on the thread ‘Zero Growth Economy – A New Paradigm’.   The recent Channel 4 series “Beautiful Minds” has brilliantly demonstrated the value of original thought which spans the boundaries of the recognised academic disciplines, and which indeed does not [...]

The economic “crisis”

Tagged

This is my first entry into Quakernomics: indeed my first attempt at any sort of “blog” so I am not really sure of the form. Am I supposed to follow up on someone else’s comment? If not, how do I introduce a new one? Below is a space for a “tag”? What on earth is [...]

Tony Judt: Ill fares the land …

… a lesson in political economy. Judt’s recently published book (mid March) is an excellent reminder of what we have lost as a vision for society since the mid 20th century  – and what we must seek to reclaim. It is good old fashioned political economy, eloquent and polemical, and a wonderful antidote to the [...]

Comment on Low Carbon Growth and Green Development Emerging Policy Papers from DfiD

DfiD are in the process of preparing two new emerging policy papers (thinkpieces) on Low Carbon Growth and Green Development. The first paper already exists in draft form and the second is scheduled to be produced this spring. QPSW staff will have the opportunity to meet with DfiD officials who are writing these papers, feed [...]

About this category

A zero growth economy? What would it mean for us all?

On Saturday 26th September Friends and others are meeting in Friends House in London to examine the implications of a zero growth economy on both the environment and on people, and to consider the right relationships between protecting the environment and alleviating poverty. On Friday 30th October to Sunday 1st November a limited group of Friends will also be gathering to continue this conversation and to take forward these reflections by considering practical action and developing common strategies. For more information about the events see www.quaker.org.uk/conferences-and-events

The power point presentations of three of the speakers, as well as background papers are now available at http://www.quaker.org.uk/zero-growth-economy-conference.