Rights-based, post-growth policies that make poverty eradication a deliberate outcome of restructured economies — not a trickle-down side effect of destructive growth.
Post-growth
Post-growth is an umbrella term that refers to a broad family of economic, ecological, and political perspectives responding to the limits-to-growth dilemma —the recognition that infinite economic growth is biophysically unsustainable on a finite planet. Central to post-growth thinking is the shift of the focus out of GDP growth as the main goal of the economy. Instead, well-being becomes the main objective. Post-growth puts emphasis on decoupling societal well-being from economic growth, advocating for the possibility of prosperity beyond growth.
013 - Olivier De Schutter on Why the Economy Creates Poverty – and How To Fix It
Capitalism in Crisis Amid Slow Growth and Growing Inequality
Six years after the Lehman disaster, the industrialized world is suffering from Japan Syndrome. Growth is minimal, another crash may be brewing and the gulf between rich and poor continues to widen. Can the global economy reinvent itself?
Entrepreneuring for a Post-Growth Economy: From Sustainable to Post-Growth Entrepreneurship
Earth's critical planetary boundaries are being exceeded and current economic development models are failing to provide adequate societal benefits. Urgent
Post-growth: the science of wellbeing within planetary boundaries
There are increasing concerns that continued economic growth in high-income countries might not be environmentally sustainable, socially beneficial, or economically achievable. In this Review, we explore the rapidly advancing field of post-growth research, which has evolved in response to these concerns. The central idea of post-growth is to replace the goal of increasing GDP with the goal of improving human wellbeing within planetary boundaries. Key advances discussed in this Review include: the development of ecological macroeconomic models that test policies for managing without growth; understanding and reducing the growth dependencies that tie social welfare to increasing GDP in the current economy; and characterising the policies and provisioning systems that would allow resource use to be reduced while improving human wellbeing.
Universal Basic Income is Capitalism 2.0 | TimJRobinson
A Universal Basic Income (UBI) would improve everyone’s lives, increase our free time, empower workers, and ensure everyone has food and a roof over their head. These are noble goals, but obviously there’s a downside or it would already be implemented, right?
The myth of catch-up development: trends in core–periphery inequality from 1960 to 2023
The conventional narrative in international development holds that poorer countries are “catching up” with richer countries through the process of capitalist growth. This paper assesses this claim ...
Capitalism, Inequality, and the Myth of Catch-Up Development
Prevailing narratives in international development hold that poorer countries can and will "catch-up" with richer countries through the process of
Is Inequality Inevitable?
Wealth naturally trickles up in free-market economies, model suggests
Denizen
What are some of the fundamental flaws of capitalism? How might we instantiate a market-based economy that is growth agnostic?
The end of development economics
Some decades ago, development economists saw their approach as being distinctive compared to mainstream economics in general and better grounded in the reality of actual economies. This column argues that two trends over the last decades – the significant improvement in the average income of what were called developing countries and the homogenisation of economics methodology across the board – mean that the distinction between development economics and economics in general is increasingly untenable and indeed unnecessary.
Economic Policy for AGI
Society has the capacity and tools to shape our economic trajectory in the AGI era. Here is a roadmap for managing the transition.
Beyond GDP: Measuring and Valuing What Really Matters
Rethinking the UN’s “beyond GDP” agenda and the case for putting wealth at the centre
Uneconomic growth
Uneconomic growth is economic growth that reflects or creates a decline in the quality of life. The concept is used in human development theory, welfare theory, and ecological economics. It is usually attributed to ecological economist Herman Daly, though other theorists may also be credited for the incipient idea, According to Daly, "uneconomic growth occurs when increases in production come at an expense in resources and well-being that is worth more than the items made." The cost, or decline in well-being, associated with extended economic growth is argued to arise as a result of "the social and environmental sacrifices made necessary by that growing encroachment on the eco-system."
The Paradox of Redistribution and Strategies of Equality: Welfare State Institutions, Inequality, and Poverty in the Western Countries
Debates on how to reduce poverty and inequality have focused on two controversial questions: Should social policies be targeted to low-income groups or be universal? Should benefits be equal for all or earnings-related? Traditional arguments in favor of targeting and flat-rate benefits, focusing on the distribution of the money actually transferred, neglect three policy-relevant considerations: (1) The size of redistributive budgets is not fixed but reflects the structure of welfare state institutions. (2) A trade-off exists between the degree of low-income targeting and the size of redistributive budgets. (3) Outcomes of market-based distribution are often more unequal than those of earnings-related social insurance programs. We argue that social insurance institutions are of central importance for redistributive outcomes. Using new data, our comparative analyses of the effects of different institutional types of welfare states on poverty and inequality indicate that institutional differences lead to unexpected outcomes and generate the paradox of redistribution: The more we target benefits at the poor and the more concerned we are with creating equality via equal public transfers to all, the less likely we are to reduce poverty and inequality.
Post-Growth - P2P Foundation
"The term postgrowth defines a range of approaches to socioecological challenges. They address these challenges in ways that are diametrically opposed to green-growth, which expresses the belief that society can simultaneously expand economic activity and reduce emissions and the demand for materials. Postgrowth approaches, by contrast, argue that the unlimited expansion of production and consumption is impossible and undesirable on a finite planet.