Prosperity without growth | The transition to a Sustainable Economy
Prosperity without growth – Background
The SDC’s Prosperity without growth? report [prosperity_without_growth_report] is based on research and discussion divided into four main areas – “visions of prosperity”, “economy lite”, “confronting structure”, and “wellbeing policy”.
Here are the background papers and opinion pieces which contributed to our work in these areas, together with some additional background papers, mainly research commissioned by Defra into influences on wellbeing.
We are intending to follow up our report with further debate and discussion.
1. Visions of prosperity looked at different views put forward about what prosperity means. Economic growth, measured by increases in Gross Domestic Product, which basically means total national income in a year, looks attractive because it links closely with the assumption that most individuals aspire to increase their income. Researchers, on the other hand, have identified “alternative visions of prosperity”, which can be more compelling. Can government policy aims be revised to better reflect individual wants and hopes?
» Scope of work package one: “Visions of Prosperity”
» Summary report of the seminar on Visions of Prosperity, 26 November 2007
» Presentation from Prof Tim Kasser on Values and the Environment
» Presentation from Prof Avner Offer on “A Vision of Prosperity”
2. Economy Lite looked at the idea of decoupling – separating economic growth from the damaging environmental impacts it normally has. Can that link be broken, with cleaner, more efficient technologies? Is there any evidence that decoupling is already taking place in Europe and North America? Or is that an illusion created by the fact that we are increasingly importing manufactured goods from Asia and Latin America, giving them the environmental burden of our consumption? Does that mean decoupling for real is impossible, or are there still ways of achieving it?
» Scope of work package two: Economy ‘Lite’ – Can ‘Decoupling’ work?
» Summary report of the seminar on Economy ‘lite,’ 18th March 2008
» Presentation by Prof Paul Ekins on Policies to Achieve Dematerialisation
» Presentation by Steve Sorrell on Can China’s economy be sustainable?
3. Confronting Structure was about taking the arguments against continuing growth seriously and thinking through the consequences. If the economy no longer grows, or grows at a much slower rate, what happens to – unemployment, tax revenue, the ability to repay debt and pay interest, company profits and economic competitiveness? Can we imagine any government pursuing this line of thinking? Or will they be forced to because of economic pressures creating long-term recession?
» Scope of work package three: Confronting Structure
» Summary report of the seminar on Confronting Structure, 24th April 2008
» Presentation by Miriam Kennet on The practicalities of implementing a lower growth economy
Derek Wall – Prosperity without growth, economics after capitalism
Miriam Kennet – Framework Paper
Peter Victor – Managing without Growth
Feasible Transition Paths towards a Renewable Energy Economy
Herman E Daly – A Steady-State Economy
4. Wellbeing Policy looked at the evidence about what contributes to people’s wellbeing, and asked – what follows? Should we wish for a set of economic policies designed to promote wellbeing? If so, would it differ greatly from economic policies intended to promote growth? What would the key differences be? Would there be a different approach to work and to the importance of the unpaid activities which keep community and family life going? Would the planning system give greater priority to local democracy and quality of life?
Kate Soper – Exploring the relationship between growth and wellbeing
Paul Ormerod – Is the concept of ‘wellbeing’ useful for policy-making?
Jonathan Rutherford – Well-being, economic growth and social recession
John O’Neill – Living Well Within Limits: Well-Being, Time and Sustainability
More Background Papers
» Redefining Progress – SD Panel Consultation 2006
» Wellbeing section – DEFRA
» Innovations for a Sustainable Economy – Tom Prugh (Worldwatch Institute)
» Victor Anderson – Economic growth and economic crisis – 30 September 2008
» Defra Wellbeing Research