Steady State Economics

in100y blog sem1 DanONeill

Daniel O'Neill started his presentation by quoting Henry Wallich:

Growth is a substitute for equality of income. So long as there is growth there is hope, and that makes large income differentials tolerable.

In contrast to this, he presented the idea of Steady State Economics, a zero growth model that emphasizes sustainability and human wellbeing through 5 core tenets:

• Limit ressource use
• Stabilise Population
• Limit Inequality
• Reduce Working Hours for more personal time
• Reform The monetary system - eliminating fractional reserve banking
• Change the way we measure progress and go beyond GDP

For an in-depth look, see a newly released rapport at www.steadystate.org/enough-is-enough

One Response to Steady State Economics

  1. Pingback: 25% of all-time global GDP produced since 2000 – true! | House of Futures

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