Post-growth
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Post-growth
Post-growth is stance on economic growth concerning the limits-to-growth dilemma — recognition that, on a planet of finite material resources, extractive economies and populations cannot grow infinitely. The term "post-growth" acknowledges that economic growth can generate beneficial effects up to a point, but beyond that point (cited as $25,000 GDP/capita by Richard Wilkinson and Kate Pickett in their book '' The Spirit Level'') it is necessary to look for other indicators and techniques to increase human wellbeing. Post-growth can be distinguished from similar concepts and movements (such as degrowth and steady-state economy) in that it seeks to identify and build on what is already working, rather than focusing on what is not. Post-growth advocates try to encourage, connect and further develop already existing ideas, concepts, technologies, systems, initiatives, and actions. In this way, "post-growth" does not specify the answer to the limits-to-growth challenge, as "stea ...
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Economic Growth
Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real gross domestic product, or real GDP. Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the prices of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure. The economic growth-rates of countries are commonly compared using the ratio of the GDP to population (per-capita income). The "rate of economic growth" refers to the geometric annual rate of growth in GDP between the first and the last year over a period of time. This growth rate represents the trend in ...
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Degrowth
Degrowth (french: décroissance) is a term used for both a political, economic, and social movement as well as a set of theories that critique the paradigm of economic growth. It can be described as an extensive framework that is based on critiques of the growth-centered economic system in which we are living. Degrowth is based on ideas from a diverse range of lines of thought such as political ecology, ecological economics, feminist political ecology, and environmental justice, pointing out the social and ecological harm caused by the pursuit of infinite growth and Western "development" imperatives. Degrowth emphasizes the need to reduce global consumption and production (social metabolism) and advocates a socially just and ecologically sustainable society with social and environmental well-being replacing GDP as the indicator of prosperity. Hence, although GDP is likely to shrink in a "Degrowth society", i.e. a society in which the objectives of the degrowth movement are ac ...
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Tim Jackson (economist)
Tim Jackson (born 1957) is a British ecological economist and professor of sustainable development at the University of Surrey. He is the director of the Centre for the Understanding of Sustainable Prosperity (CUSP), a multi-disciplinary, international research consortium which aims to understand the economic, social and political dimensions of sustainable prosperity. Tim Jackson is the author of '' Prosperity Without Growth'' (2009 and 2017) and '' Material Concerns'' (1996). In 2016, he received the Hillary Laureate for exceptional mid-career Leadership. His most recent book '' Post Growth—Life After Capitalism'' was published in March 2021 by Polity Press. Work Academic work For more than twenty five years, he has worked internationally on sustainable consumption and production. During five years at the Stockholm Environment Institute in the early 1990s, he pioneered the concept of preventative environmental management outlined in his 1996 book '' Material Concerns ...
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Prosperity Without Growth
''Prosperity Without Growth'' is a book by author and economist Tim Jackson. It was originally released as a report by the Sustainable Development Commission. The study rapidly became the most downloaded report in the Commission's nine-year history when it was published in 2009. The report was later that year reworked and published as a book by Earthscan. A revised and expanded edition (''Prosperity Without Growth: Foundations for the Economy of Tomorrow'') was published in January 2017. Description By arguing that "prosperityin any meaningful sense of the wordtranscends material concerns", the book summarizes the evidence showing that, beyond a certain point, growth does not increase human well-being. ''Prosperity without Growth'' analyses the complex relationships between economic growth, environmental crises and social recession. It proposes a route to a sustainable economy, and argues for a redefinition of "prosperity" in light of the evidence on what really contribute ...
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Steady-state Economy
A steady-state economy is an economy made up of a constant stock of physical wealth (capital) and a constant population size. In effect, such an economy does not grow in the course of time. The term usually refers to the national economy of a particular country, but it is also applicable to the economic system of a city, a region, or the entire world. Early in the history of economic thought, classical economist Adam Smith of the 18th century developed the concept of a ''stationary state'' of an economy: Smith believed that any national economy in the world would sooner or later settle in a final state of stationarity. Since the 1970s, the concept of a steady-state economy has been associated mainly with the work of leading ecological economist Herman Daly. As Daly's concept of a ''steady-state'' includes the ecological analysis of natural resource flows through the economy, his concept differs from the original classical concept of a ''stationary state''. One other ...
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Free Money Day
Free Money Day is an annual global event held since 2011 as a social experiment and to promote sharing and alternative economic ideas. Overview The day is held annually on September 15, the anniversary of the Lehman Brothers' 2008 filing for bankruptcy. Participants offer their own money to passing strangers at public places, two coins or notes at a time. Recipients are asked to pass on one of the notes or coins to someone else. Participants can also leave money with a note at a public place where it is likely to be found by another person, or to share money digitally. Since 2020, these latter options have been encouraged in populations under COVID-19 pandemic restrictions that limit in-person interactions. Past events The total of 324 events at 218 different locations in 35 countries were held since 2011 according to the official website. A total amount of US$11,476 was shared on the previous Free Money Day events. Over the years, people invented their own methods to gi ...
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Post Growth Institute
Post or POST commonly refers to: *Mail, the postal system, especially in Commonwealth of Nations countries ** An Post, the Irish national postal service **Canada Post, Canadian postal service **Deutsche Post, German postal service ** Iraqi Post, Iraqi postal service **Russian Post, Russian postal service ** Hotel post, a service formerly offered by remote Swiss hotels for the carriage of mail to the nearest official post office **United States Postal Service or USPS **Parcel post, a postal service for mail that is heavier than ordinary letters *Post, a job or occupation Post, POST, or posting may also refer to: Architecture and structures *Lamppost, a raised source of light on the edge of a road *Post (structural), timber framing *Post and lintel, a building system * Steel fence post *Trading post *Utility pole or utility post Military *Military base, an assigned station or a guard post **Outpost (military), a military outpost **Guardpost, or guardhouse Geography * Post, Iran, ...
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The World's Billionaires
''The World's Billionaires'' is an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published in March annually by the American business magazine ''Forbes''. The list was first published in March 1987. The total net worth of each individual on the list is estimated and is cited in United States dollars, based on their documented assets and accounting for debt and other factors. Royal family, Royalty and dictators whose wealth comes from their positions are excluded from these lists. This ranking is an index of the wealthiest documented individuals, excluding any ranking of those with wealth that is not able to be completely ascertained. In 2018, Amazon (company), Amazon founder Jeff Bezos was ranked at the top for the first time and became the first centibillionaire included in the ranking, surpassing Microsoft founder Bill Gates, who had topped the list 18 of the previous 24 years. In 2022, after topping the list for four years, B ...
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Downshifting (lifestyle)
In social behavior, downshifting is a trend where individuals adapt simpler lives from what critics call the "rat race". The long-term effect of downshifting can include an escape from what has been described as economic materialism, as well as reduce the "stress and psychological expense that may accompany economic materialism". This new social trend emphasizes finding an improved balance between leisure and work, while also focusing life goals on personal fulfillment, as well as building personal relationships instead of the all-consuming pursuit of economic success. Downshifting, as a concept, shares characteristics with simple living. However, it is distinguished as an alternative form by its focus on moderate change and concentration on an individual comfort level and a gradual approach to living.Tracey Smith, 2008 In the 1990s, this new form of simple living began appearing in the mainstream media, and has continually grown in popularity among populations living in industri ...
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Center For A New American Dream
New Dream – previously known as The Center for a New American Dream – is a nonprofit organization with a stated mission to "empower individuals, communities, and organizations to transform the ways they consume to improve well-being for people and the planet." Overview The organization works with individuals and communities to "counter the commercialization of our culture, support community engagement, and conserve natural resources." New Dream believes commercialism and overconsumption have negative effects and thus seek to change social norms around consumption and consumerism and to support the movement of individuals and communities pursuing lifestyle change and community action. New Dream’s overall goal is to change behavior, attitudes, and social norms to reduce consumption, build community, and improve quality of life. The organization states that it embraces sustainability and a celebration of non-material values. One of New Dream's stated goals is "to shift the c ...
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Foundation For The Economics Of Sustainability
Feasta, the Foundation for the Economics of Sustainability is an organisation based in Ireland which aims "to identify the characteristics (economic, cultural and environmental) of a truly sustainable society, articulate how the necessary transition can be effected and promote the implementation of the measures required for this purpose". It was founded in Dublin, Ireland in 1998. History The name "feasta" is an Irish word which means "in the future". Feasta was founded as the result of a week-long workshop given by the economist Richard Douthwaite in County Kerry, Ireland, in the course of which attendants decided to establish an organisation to promote sustainability in Ireland and elsewhere, with an emphasis on the role played by systems in the world economy. Founders of Feasta included retired barrister John Jopling, co-author of Gaian Democracies, architect Emer O'Siochru, and events organiser Davie Philip. Philosophy Feasta sees itself as promoting the coming, and ...
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