Show Less
You do not have access to this content

Managing without Growth, Second Edition

Slower by Design, not Disaster

Peter A. Victor

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
Show Summary Details
You do not have access to this content

Chapter 11: Managing without growth: exploring possibilities

Tim Jackson

Extract

To assess options for managing without growth, LowGrow SFC is used to generate three scenarios: a base case which projects recent trends and relationships, a GHG reduction case with several measures to reduce GHG emissions, and a sustainable prosperity case with additional measures to reduce income inequality and reduce working time. In the sustainable prosperity scenario, economic growth slows and then ceases over the period 2017 to 2067. LowGrow SFC is a system dynamics model broadly representative of the Canadian economy. It includes a sub-model of the electric power system and is stock-flow consistent. The performance of the model is tracked by several indicators including a synthetic sustainable prosperity index which declines precipitously in the base case, declines modestly in the GHG reduction scenario, and increases steadily in the sustainable prosperity scenario. The chapter concludes with an assessment of whether the scenarios are compatible with capitalism.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.


Further information

or login to access all content.