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Post-growth

Beyond optimum economic growth

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  • 3 chapters

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Through Economic growth

Scholars define post-growth in different ways. Some describe it as comprising two main categories: degrowth (a stance advocating for a deliberate and equitable reduction in material consumption and economic activity) and agrowth (an agnostic stance towards economic growth, holding that policymakers should remain neutral about GDP growth because it may have either positive or negative effects on environmental or social objectives). According to others it serves as an umbrella term encompassing research in Doughnut and wellbeing economics, steady-state economics, and degrowth.

A systematic review of academic literature found that the distinction between degrowth and post-growth is often unclear, with many authors using post-growth as a catch-all term to avoid the strong connotations associated with degrowth.

Post-growth proposals

German economist Niko Paech, professor at the University of Oldenburg, has argued for reducing economic output and promoting self-sufficiency and regional exchange. In his book Liberation from Affluence, he proposes measures such as a 20-hour working week, the use of regional currencies, and halting large-scale infrastructure projects including motorways and airports.

In his work Prosperity Without Growth (Routledge, 2017), the economist Tim Jackson demonstrates that building a 'post-growth' economy is a "precise, definable and meaningful task". Starting from clear first principles, he sets out the dimensions of that task: the nature of enterprise; the quality of our working lives; the structure of investment; and the role of the money supply.

Paradigmatic post-growth policies are working time reductions, universal basic income, wealth taxes, carbon taxes combined with strong wealth redistribution and universal basic services.

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