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    Sally Strange (sallystrange@eldritch.cafe)'s status on Sunday, 21-Jan-2024 00:48:18 JSTSally StrangeSally Strange

    "Debunking degrowth" or trying to, anyway

    "In the degrowth literature, a caricature of the typical economist is presented as believing in unlimited economic growth, and that growth should be pursued regardless of its environmental impact. This is a straw man. It would be a naïve economist who did not recognise that constraints exist. And economists usually limit their projections to a few decades to come, rather than to the infinite future, in which they supposedly believe in unlimited exponential economic growth. Certainly, there are theoretical economic growth models which portray the possibility of exponential growth into the infinite future, but economists have had enough common sense not to assume stylised theoretical models are the be-all-and-end-all when it comes to public policy."

    Then why, Mr. Tunny, is it so hard to find an economist who can tell us when the economy should stop growing?

    #degrowth #capitalism #Economics

    https://www.cis.org.au/publication/debunking-degrowth/

    In conversationSunday, 21-Jan-2024 00:48:18 JST from eldritch.cafepermalink

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    1. Domain not in remote thumbnail source whitelist: www.cis.org.au
      Debunking Degrowth - The Centre for Independent Studies
      from Ian Moore
      Introduction Increasingly there are calls for degrowth, not just to abandon the pursuit of economic growth, but to shrink economies. …
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