Tag Archives: steady state economy

Why liberals should embrace the Steady State Economy

One of the saddest things about the lurch to extremism and the right wing of the political spectrum over the past few years—and especially these last few months—has been that attention has been taken away from the significant problems with capitalism and its reliance on continued growth that the 2008 crash had exposed.

The Classical Economists, in particular Adam Smith and John Stuart Mill, had already theorised centuries ago that growth could not go on forever and that eventually states would enter the condition of being a “stationary state”.  John Stuart Mill wrote that the “increase of wealth is not boundless….the …

Posted in Op-eds | Also tagged and | 35 Comments
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  • Nigel Jones
    I like the idea of development bonds, but can we not also put into the mix of ways of helping developing countries, Fair Trade (or what some supermarkets now ca...
  • David Murray
    In the above, it should have said $100 billion EACH YEAR from 2009....
  • David Murray
    Something like International Development Bonds will be needed (with safeguards) to fill the vacuum left by cuts in foreign aid. Back in 2009, developed countrie...
  • tom arms
    Alan Jeffs, I don't have an exhaustive, but out of the following countries: Kenya, Zambia, South Africa, Mozambique, Nigeria, Ghana, Botswana, Senegal, Tanzania...
  • Simon R
    Interesting idea. It would though effectively amount to loans, which would therefore place developing countries even more in debt - and there are still ongoing...