Tendencies for Sub-optimal or Post-growth Pathways

S. Niggol Seo

Chapter Chapter 13 in The Economics of Optimal Growth Pathways, 2023, pp 295-314 from Springer

Abstract: Abstract This chapter reviews the sub-optimal growth or post-growth proposals, which have become increasingly influential, that are motivated against the society’s pursuit of the optimal economic growth. To simplify, they can b e classified into three groups: a sustainable development critique, an ecological economics critique, and a degrowth critique. These critiques were initiated during the early 1970s and have trended over the course of history toward a declaration of zero or negative growth as desirable for the society. Among the principles across these theories is the limit to economic growth which is regarded by the theoreticians as ineluctable owing to the eventual biophysical as well as ecological limits of the planet. This chapter provides a set of responses to these critiques from the perspective of the society’s pursuit of an optimal economic growth pathway.

Keywords: Sub-optimal growth; Post-growth; Sustainable development; Ecological economics; Degrowth; Ecological limits; Limits to growth; Optimal economic growth (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-20754-9_13

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DOI: 10.1007/978-3-031-20754-9_13

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