The text is an article discussing the concept of "post-growth economics" and its relationship with other economic schools of thought, such as green Keynesians and green capitalists. It explores the differences between these groups' views on the possibility of sustainable growth and their proposed policies to achieve it.
The article begins by introducing the three main families of ecological economics: post-growth, green Keynesians, and green capitalists. Each family has its own approach to addressing environmental challenges and promoting sustainability.
Post-growth economists argue that continued economic growth is not possible within the planet's boundaries and advocate for a radical reduction in production and consumption to avoid further degradation of life-supporting systems. They point to the scenario presented in Limits to Growth, which suggests that long-term productivity slowdowns and low growth are already occurring or will soon occur.
In contrast, green Keynesians believe that green growth is possible through state-led transition and propose policies such as the green new deal and public investment in renewable energy and infrastructure. Green capitalists also support green growth but rely on market reforms and technological innovation to achieve it, with a focus on carbon pricing and deregulation of green industries.
The article concludes by highlighting the uncertainties surrounding the path to achieving sustainable growth and the need for policymakers to prioritize wellbeing over economic growth.
Here are some key points from the text:
* Post-growth economics advocates for radical reduction in production and consumption to avoid environmental degradation.
* Green Keynesians propose state-led transition to green growth through policies like the green new deal and public investment.
* Green capitalists support market-driven approaches to green growth, including carbon pricing and deregulation of green industries.
These points highlight the differences between these economic families' views on sustainable growth and their proposed policies.
The article begins by introducing the three main families of ecological economics: post-growth, green Keynesians, and green capitalists. Each family has its own approach to addressing environmental challenges and promoting sustainability.
Post-growth economists argue that continued economic growth is not possible within the planet's boundaries and advocate for a radical reduction in production and consumption to avoid further degradation of life-supporting systems. They point to the scenario presented in Limits to Growth, which suggests that long-term productivity slowdowns and low growth are already occurring or will soon occur.
In contrast, green Keynesians believe that green growth is possible through state-led transition and propose policies such as the green new deal and public investment in renewable energy and infrastructure. Green capitalists also support green growth but rely on market reforms and technological innovation to achieve it, with a focus on carbon pricing and deregulation of green industries.
The article concludes by highlighting the uncertainties surrounding the path to achieving sustainable growth and the need for policymakers to prioritize wellbeing over economic growth.
Here are some key points from the text:
* Post-growth economics advocates for radical reduction in production and consumption to avoid environmental degradation.
* Green Keynesians propose state-led transition to green growth through policies like the green new deal and public investment.
* Green capitalists support market-driven approaches to green growth, including carbon pricing and deregulation of green industries.
These points highlight the differences between these economic families' views on sustainable growth and their proposed policies.