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| | Uneconomic growth - definition of Uneconomic growth in Encyclopedia |
 | | But, of course, the damage had already happened, and many policies were put in place in the 1980s and 1990s to promote growth as such, not improve well-being, which according to the "trickle-down" theory of economic management, was supposed to improve proportionate to growth. | | | A larger discussion of these definitions and decisions is in the article political economy, which focuses on challenges to the assumptions of dominant technical paradigms in economics, including that of 'growth'. | | | The term itself is controversial as present techniques of managing money supply and setting reserve policy at most central banks assumes that "all growth is good" and "all inflation is bad". |
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http://encyclopedia.laborlawtalk.com/Uneconomic_growth
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| | NTU Info Centre: Economic growth |
| | Under this theory of growth, the road to increased national wealth was to grant monopolies, which would give an incentive for an individual to exploit a market or resource, confident that he would make all of the profits when all other extra-national competitors were driven out of business. | | | In the mercentile period, growth was seen as an increase in the total amount of specie, that is circulating medium such as silver and gold, under the control of the state. | | | Growth does not slow as capital accumulates, but the rate of growth depends on the types of capital a country invests in. |
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http://www.nowtryus.com/article:Economic_growth
(1911 words)
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| | Stilwell, F. - People and Place Vol 5 No 3 |
| | Urban growth also intensifies the constraints on achieving ecologically sustainable development (because the demand for transport grows as the average length and complexity of intra-urban movements increases, for example) unless accompanied by major structural-spatial change, which is more difficult to effect when cities are facing pressures to accommodate rapid population growth at the margins. | | | Growth rather than balance is the priority; and markets rather than planning are the preferred mechanism. | | | Refocusing public policy, including economic and population policies, from growth to stability and balance need not be threatening to the living standards of Australian people, taking account of the diverse array of economic, social and environmental influences on our well-being. |
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http://elecpress.monash.edu.au/pnp/free/pnpv5n3/stilwell.htm
(2670 words)
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| | The First Annual Feasta Lecture, by Herman Daly |
| | I think in fact that growth in the United States now, aggregate growth, is uneconomic because it's increasing costs faster than it's increasing benefits. | | | The marginal benefits of further growth are just equal to the marginal costs. | | | I've put a dotted curve in the bottom which is the cost of GNP growth - in other words, the social and environmental sacrifices made necessary by that growing encroachment on the eco-system. |
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http://www.feasta.org/documents/feastareview/daly.htm
(5281 words)
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| | [No title] |
| | Even if growth entailed no environmental costs, part of what we mean by poverty and welfare is a function of relative rather than absolute income, that is, of social conditions of distributive inequality. | | | Growth by Global Integration: Comparative and Absolute Advantage and Related Confusions Under the current ideology of export-led growth the last thing poor countries are supposed to do is to produce anything for themselves. | | | The current policy of the IMF, WTO and WB, however, is decidedly not for the rich to decrease their uneconomic growth to make room for the poor to increase their economic growth. |
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http://www.brettonwoodsproject.org/topic/knowledgebank/wdrs/Dalyonwdr03.doc
(6265 words)
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| | Steady-State Economics, by Herman Daly |
| | Growth in GNP should cease when decreasing marginal benefits become equal to increasing marginal costs. | | | Growth requires technical progress and technical progress alters the composition of the labor force, making more places for educated workers and fewer for uneducated, but opportunities to acquire qualifications are kept (with a few exceptions for exceptional talents) for those families who have them already [Robinson, 1972, p. | | | The intergenerational costs of growth are not at all clear, but as time goes on it would seem that the negative bequest of accelerated entropy increase would weigh increasingly heavily since low entropy is the ultimate means upon which all technologies depend. |
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http://dieoff.org/page88.htm
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| | SER 1999 - The Economics Symposium |
| | He concluded that we (economists) avoid the issue of uneconomic growth in order to prevent the need to come up with new solutions. | | | Therefore policies of population control, redistribution of income and policies to reduce unemployment should ideally be pursued. | | | The lecture held in the Edmund Burke Theatre attracted a crowd of about 400 people – of whom some were students, others were professional economists and others were interested parties from various backgrounds. |
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http://www.tcd.ie/Economics/SER/archive/1999/SYMPO.HTM
(791 words)
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| | Scientific American Digital: Browse |
| | Relying on growth in this way might be fine if the global economy existed in a void, but it does not. | | | Just grow the economy (that is, increase the production of goods and services and spur consumer spending) and watch wealth trickle down. | | | Increase demand for goods and services by lowering interest rates on loans and stimulating investment, which leads to more jobs as well as growth. |
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http://www.sciamdigital.com/browse.cfm?sequencenameCHAR=item2&methodnameCHAR=resource_getitembrowse&interfacenameCHAR=browse.cfm&ISSUEID_CHAR=A21A9B0B-2B35-221B-67A31ECC02028315&ARTICLEID_CHAR=A237D5B5-2B35-221B-6044904F1DD1E9A3&sc=
(309 words)
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| | Friends of the Earth: Consultation Response: Friends of the Earth's response to the Government's "Sustainablity ... |
| | Moreover, assessing each individually does not show the combined destructive effect of classing large amounts of “uneconomic growth” as “economic growth” and counting it as a benefit to sustainable development through the GDP indicator. | | | The economic headline indicators would then be actively measuring the results of the objective “..so that everyone can share in high living standards [inequality indicator] and greater job opportunities [employment indicator] and to generate the income and wealth needed to pay for essential infrastructure and future investment [social investment indicator].” (our brackets added). | | | This group also noted that “GDP is limited as a measure of true economic change, and that other factors should also be taken into account, for example resource depletion and environmental degradation, but methodologies are not sufficiently well developed to do this”. |
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http://www.foe.co.uk/resource/consultation_responses/sustainability_counts_foe.html
(3662 words)
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| | Free Trade Is Green Trade |
| | Moreover, since growth creates wealth, greater economic resources are made available to address the primary human needs, which must be fulfilled before individuals will focus on environmental amenities. | | | The “green” trade agenda necessarily entails greater political management and regulation of the private sector to safeguard social and environmental goals. | | | To the extent that expanded trade is generating economic growth, environmental quality should also improve. |
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http://www.cei.org/gencon/019,03111.cfm
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| | Integrating Environmental Considerations into the Economic Decision-Making Process |
| | Most environmentalists view economic growth as being incompatible with the maintenance of environmental quality, and they therefore advocate political constraints on economic activities, both domestically and internationally. | | | According to the World Development Report 1992 of the World Bank, two sets of broad policies are required to attack the underlying causes of environmental damage. | | | Policies that target environmental problems; regulations and incentives are required to force the recognition of environmental values in decision-making (World Bank, 1992). |
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http://www.unescap.org/drpad/publication/integra/volume3/png/3pg04b.htm
(554 words)
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| | [No title] |
| | The fundamental premise is that the economy is a sub-system of the ecosphere and dependent on the rest of the ecosphere for both material and process resources, including waste assimilation. | | | This course is intended to provide a systematic exploration of the physical relationship between the global economy and the biosphere as reflected by the emerging discipline of ecological economics. | | | We then consider the socioeconomic policy implications of biophysical limits as expressed through such ecological economic concepts as the constant capital stocks condition for sustainability (weak and strong versions), "Hicksian" income, inter- and intra-generational equity, ecological footprint analysis, regional and global ecological deficits, and the "factor-10" economy. |
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http://www.scarp.ubc.ca/courses/plan596.htm
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| | Sustainable Economics |
| | In his book, Beyond Growth, he argues that natural capital is not valued and therefore not addressed in economic analyses such as reports on the Gross National Product, a commonly used indicator of a nation's economic success. | | | The economic status quo as we know it now cannot be maintained long into the future. | | | Sustainable - growth - economics means that we: |
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http://www.galtglobalreview.com/business/sustainable_economics.htm
(953 words)
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| | Why worry about Sustainability? |
| | There are now more than 5 billion people, and most of them are striving to increase their use of dwindling supplies of those resources. | | | " Further growth beyond the present scale is overwhelmingly likely to increase costs more rapidly than it increases benefits, thus ushering in a new era of "uneconomic growth" that impoverishes rather than enriches." (FOR THE PUBLIC GOOD - Daly and Cobb1994 p. | | | "Growth" should refer to quantitative expansion in the scale of the physical dimensions of the economic system, while "development" should refer to the qualitative change of a physically nongrowing economic system in dynamic equilibrium with the environment...growth will become unsustainable eventually and the term "sustainable growth" would then be self-contradictory. |
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http://users.uniserve.com/~otar/views/whyworry.htm
(936 words)
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| | Gazette |
| | Uneconomic growth is growth that increases environmental and social costs by more than it increases production benefits. | | | Even the World Bank, in its 1992 world development report, argued that the best solution to environmental problems is increased economic growth, Daly said. | | | As marginal benefits of growth decline, and costs and sacrifices of growth rise, there is a point beyond which further growth is uneconomic, Daly said. |
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http://www.yorku.ca/ycom/gazette/past/archive/042397.htm
(4676 words)
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| | ZNet Activism Fears For A Finite Planet |
| | The legal obligation to shareholders to maximise profits in pursuit of endless economic growth, even as the finite planet groans, does face a real obstacle. | | | But the likelihood of the media exploring these is minimal, unless sustained public pressure forces them onto the agenda. | | | Off the agenda was any recognition that unsustainable economic growth on a finite planet might be at the root of the problem. |
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http://www.zmag.org/content/print_article.cfm?itemID=7258§ionID=1
(1931 words)
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| | Growth Detroit |
| | The term itself is controversial as present techniques of managing money supply and setting reserve policy at most... | | | Awareness Magazine - A bi-monthly publication that reaches individuals concerned with many issues that involve the environment, holistic health, natural health products, fitness and personal growth. | | | The company survived by both anticipating and adapting to the changing economy until its eventual sale in 1963. |
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http://www.rtsy.org/44/21.html
(1002 words)
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| | Sustainability • Hubbert Peak of Oil Production |
| | Growth in physical throughput will become uneconomic long before it becomes physically impossible, in the sense that the extra environmental costs provoked by growth will be greater than the extra production benefits provided by growth. | | | Sustainable development of the economy means qualitative improvement (development), without quantitative increase in matter-energy throughput (growth) beyond the absorptive and regenerative capacities of the sustaining ecosystem. | | | Renewables are a winning concept - they promote economic growth, employment and the improvement of the environment. |
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http://www.hubbertpeak.com/sustainability
(578 words)
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| | Climate Change 2001: Mitigation |
| | For developing countries, however, the research suggests that this decoupling perspective may start from the insight that non-monetary assets (in terms of natural resources, just as in terms of community networks) need to be protected and enhanced to improve the livelihoods of the poorer and less powerful sections of society. | | | Structures, patterns, and rates of economic growth may have to be shaped in such a way that these non-monetary assets are not diminished, but increased. | | | On the non-subjective side, it depends upon opportunity structures, which may include access to nature, participation in community, availability of non-market goods, or public wealth, in addition to purchasing power. |
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http://www.grida.no/climate/ipcc_tar/wg3/063.htm
(1893 words)
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| | Ecological economics |
| | In practice, ecological economics focuses primarily on the key issues of uneconomic growth and measuring well-being. | | | Ecological economists are inclined to acknowledge that much of what is important in human well-being is not analyzable from a strictly economic standpoint and suggests interdisciplinarity with social and natural sciences as a means to address this. | | | It is claimed that human capital is complementary to natural capital rather than interchangeable, as human capital inevitably derives from natural capital in one form or another. |
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http://www.kiwipedia.com/ecological-economics.html
(435 words)
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| | The Reporter -- The illth of nations |
| | No one knows exactly what this level is. But only ecological economists, Daly argued, are even looking for this optimal scale of economy, beyond which expansion will increase environmental and social costs more than it increases production benefits. | | | In his March 27 Beatty Lecture, "Uneconomic Growth and the Illth of Nations: Defining the Optimal Scale of the Macro Economy," the eminent University of Maryland ecological economist virtually flayed mainstream neoclassical economics for its myopic promise of infinite growth, and called for an overhaul of economic theory and practice. | | | This overreaching state he called "uneconomic growth" which leads to increasing "illth," a term coined by Victorian Age social critic John Ruskin to define economic and social activities that led to no social good. |
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http://www.mcgill.ca/reporter/35/13/daly
(790 words)
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| | Earthbeat - 9/03/2002: The Barefoot Economist |
| | And finally, I’ll give you another absolute thins, is the diminution of patrimony is accounted for as increase of income. | | | There is also the assumption that economic growth is always good and people don’t realise that there is also an uneconomic growth. | | | It is strange that never in human history has there been at the global level, so much economic growth as in these last three decades, and never in human history has there been so much destruction and so much increase of poverty and of inequity at the global level as well. |
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http://www.abc.net.au/rn/science/earth/stories/s500068.htm
(1046 words)
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| | Sustainable Economcs Links |
| | Elizabeth Pollack "...our Government's past experience with natural resource maintenance and control was based on exploitation, not protection of these resources (Caldwell 1987). | | | Paul Krugman (Professor of Economics Princeton University, author "The Great Unraveling: Losing our way in the new century," columnist for the New York Times) on the Bush presidency--how it's economic policies are unsustainable and how they likely mask a hidden agenda to defund, eliminate or "privatize" social security, medicare and other government programs. | | | Why we don't need economic growth to please investors, by Barry Brooks. |
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http://home.earthlink.net/~durable/Links.htm
(623 words)
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| | [No title] |
| | I plan to submit my response in the same journal; a paper on work and unemployment in an ecologically sustainable economy (an economy where growth must eventually give way to an emphasis on qualitative improvement. | | | Lawn, P. “Sustainable Development, Growth, and Technological Progress: Evidence of Australia’s Sustainable Development Performance”. | | | Submitted for publication in a journal titled Environment and Sustainable Development: An International Journal. |
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http://www.ssn.flinders.edu.au/econ/staff/phil_cv.doc
(2978 words)
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| | Earthbeat - 9/03/2002: U.S Climate Negotiator |
| | Interest rates are under pressure with growth in Australia’s economy much greater than most other developed countries. | | | Australia’s economy is growing at ten times the average growth rate of other relevant countries, now in recession. | | | The first step on that is reducing the growth of emissions from business as usual. |
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http://www.abc.net.au/rn/science/earth/stories/s500047.htm
(1254 words)
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| | David Stern: Current Research Projects |
| | The aim of this research is to model and measure unobserved changes in technology and the quantities and qualities of natural capital stocks. | | | Limited substitutabilty between resources and energy in particular and other inputs may be at the core of the importance of energy and resources in economic production and growth. | | | This fact is very relevant to the investigation of several areas in resource economics including energy conservation, sustainability, and the notion of "uneconomic growth". |
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http://www.lib.rpi.edu/~sternd/Projects.html
(1405 words)
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| | "Steady State" Economist Brings Provocative Views To Texas A&M |
| | Dr. Herman Daly, former senior economist in the environment department of the World Bank, will speak at a public seminar at 4 p.m. | | | His presentation is sponsored by the Institute for Renewable Natural Resources, a component of The Texas A&M University System's agriculture program. | | | His talk, titled "Uneconomic Growth: In Theory and In Fact," focuses primarily on his idea that if the earth's physical resources are finite, economic growth cannot be sustained indefinitely. |
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http://www.tamu.edu/univrel/aggiedaily/news/stories/archive/032598-8.html
(328 words)
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| | Technology |
| | These, and economics itself, can often be described as technologies, specifically, as persuasion technology — a concern covered in its own separate article. | | | In economics, definitions or assumptions of progress or growth are often related to one or more of the above assumptions. | | | Challenging prevailing assumptions about technology and its usefulness has led to ideas like uneconomic growth or measuring well-being. |
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http://www.free-download-soft.com/info/technology.html
(528 words)
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| | Amazon.com: Books: The Essential Agrarian Reader : The Future of Culture, Community, and the Land |
| | Customers interested in this title may also be interested in | | | contemporary sunlight, food and farming system, uneconomic growth, industrial breeding, physical throughput, traditional neighborhood design, corn monopoly, grass farming, pasture farming, agrarian farmers, community land trust, consolidated firms, farmer power, agrarian values, animal factories, industrial agriculture, sic utere tuo, food entitlements, market climate, scarcity rents | | | SIPs: contemporary sunlight, food and farming system, uneconomic growth, industrial breeding, physical throughput (more) |
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http://www.amazon.com/exec/obidos/tg/detail/-/1593760434?v=glance
(798 words)
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| | Economic growth - SourceWatch |
| | Economic growth versus uneconomic growth is a major subject of disinformation. | | | If you find SourceWatch useful, please consider making a donation to its sponsor, the Center for Media and Democracy. | | | This page was last modified 19:45, 24 Apr 2003. |
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http://www.sourcewatch.org/index.php?title=Economic_growth
(125 words)
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