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The Great Debate: Is There a Limit? “Yes” Physiocrats Classical economists Ecological economists Ecologists “No” Neoclassical economists Corporations Politicians
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= $ $ $ $
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The “Information Economy” What is the information used for? How does one come to afford the information?
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And yet we hear: “Some people just don’t get it. There is no conflict between economic growth and environmental protection!” Why do they persist?
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Goals Replace national goal of “economic growth” with national goal of steady state economy. Replace bloating economy with steady state economy.
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Revolutions Magnitude of change Pace of change “When evolution won’t cut it” Evolution combined with revolt
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Steady State Revolution Academic, social Peaceable, not pacifistic Models –abolition of child labor –reduction of smoking
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Academic Phase Replacement of neoclassical economic growth theory Refocusing of curricula More public outreach
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Social Phase “Economic growth” reconstructed as economic bloating Dollar spent is dollar burned Castigation of the liquidating class
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Class Structure of the Steady State Revolution Liquidating class Steady state class Amorphic class
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Percentile: 80 99 100 Expenditures Consumption Classes
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Percentile: 80 99 100 Expenditures Consumption Classes
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Percentile: 80 99 100 Expenditures Consumption Classes
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Percentile: 80 99 100 Expenditures Consumption Classes
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Liquidators Steady Staters Amorphs
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Amorphic Class Steady State Class Liquidating Class
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Amorphic Class Liquidating Class Steady State Class
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Economic Rationale “Trickle-down consumption” Redistribution of wealth compensates for reduced per capita consumption Reduction of waste Leads toward steady state economy
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Liquidators Amorphs Ecological Capacity Poverty Line Some Steady Staters Most Steady Staters
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Liquidators Amorphs Liquidators Amorphs Steady Staters Ecological Capacity Poverty Line Some Steady Staters Most Steady Staters
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Political Rationale No “everyone revolt against everybody” Taps into predisposition Readily identifiable classes
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Psychological Rationale Darwin, Veblen, Maslow Cure for “liquidator syndrome” Ratcheting effect toward sustainable ideology
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Maslow’s Hierarchy 1) Food 2) Security 3) Love, affection, reproduction 4) Self-esteem 5) Self-actualization
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Sociopolitical Rationale Ideological horse before the public policy cart Supplementary to policy prescriptions Replaces politicians, not system
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Ethics I Equity (current, intergenerational) Consistent with religions: Buddhist, Christian, Hindu, Islamic, Judaic “Devil in the details” of castigation Tolerance overrated
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Ethics II “Why do they hate Americans?” – It’s the economy, stupid! – Conspicuous consumption not everything, but major thing SSR beats violent alternatives “Speaking truth to power”
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K GDP Time
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