Why manage without growth?

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Chapter 2 in Managing without Growth, Second Edition, 2019, pp 30-56 from Edward Elgar Publishing

Abstract: The data shows that economic growth in OECD countries is slowing down and adjustments will have to be made regardless if this continues. Humanity’s impacts on the biosphere, exacerbated by economic growth, justify the naming of a new geological era: the Anthropocene. The Anthropocene is unlikely to prove hospitable to humans and many other species. The proposition that economic growth can be ‘decoupled’ from these impacts is shown to be most unlikely and various meanings of managing without growth are discussed. Systems analysis, which plays an important role in this book, is introduced. Economies as open systems is explained – they are dependent on a ‘throughput’ of materials and energy from the environment which become wastes. Understanding economies as open systems that are dependent on their environment raises questions about the longevity of economic growth. Without a reliable supply of cheap energy, it will be impossible to maintain the built and organizational structures that we are accustomed to and growth will suffer.

Keywords: Environment; Politics and Public Policy (search for similar items in EconPapers)
Date: 2019
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