We analyze a model of green technological transition along a supply chain. The model generates a unique equilibrium for given initial conditions but multiple steadystates. We show that: (i) even in the presence of Pigouvian environmental taxation, targeted sectoral subsidies are generally...

This paper examines two literatures that try to understand the biophysical constraints placed on the economy and economic growth. Firstly, exergy economics uses the second law of thermodynamics to examine the aggregate exergy conversion process to the useful stage. This shows the dependency of...

The present paper offers a systemic literature review on the concept of degrowth by envisioning its impact on democracy. In so doing it first uses the methodology called SPIDER by building on a number of relevant literatures derived from Scopus. Second, it introduces a variety of degrowth...

We analyze a model of green technological transition along a supply chain. The model generates a unique equilibrium for given initial conditions but multiple steadystates. We show that: (i) even in the presence of Pigouvian environmental taxation, targeted sectoral subsidies are generally...

Many socio-economic systems require positive economic growth rates to function properly. Given uncertainty about future growth rates and increasing evidence that economic growth is a driver of social and environmental crises, these growth dependencies pose serious societal challenges. In recent...

This paper is a first attempt to quantify the potential short-term effects on income and business profits that may occur in the Global South if the Global North were to implement policies to reduce and relocalize consumption and production. To this end, we use the EORA26 global input-output...

It can be argued that the rich world has long reached the social limits to growth, which were presciently seen by key figures in post-Keynesian economics. Reducing working hours, therefore, may have a greater potential to increase people's life satisfaction than more economic growth. One of the...

We present a model of economic growth that bridges Green Growth and Degrowth perspectives. The model demonstrates that a minimum physical per capita consumption level can be maintained without recourse to tech-optimism, and moreover with degrowth in material resource throughput - respecting...

This handbook takes stock of ‘degrowth’, a concept and movement gaining increasing visibility in the 2020s. Contributors explain contexts for degrowth’s significance, elaborate its diverse history and detail its unique approaches, practices, challenges and potential futures. Part I sets...

We construct a macroeconomic model based on household wealth preferences to identify the theoretical conditions under which full-employment and/or stagnation steady states hold. The theoretical conditions also specify the minimum level of inflation target that shifts the economy from stagnation...

We construct a macroeconomic model based on household wealth preferences to identify the theoretical conditions under which full-employment and/or stagnation steady states hold. The theoretical conditions also specify the minimum level of inflation target that shifts the economy from stagnation...

Die Demokratie in Deutschland steht vor einer Bewährungsprobe. Kritik und Radikalisierung wachsen, Akzeptanz und Unterstützung schwinden. Das hat viele Ursachen - nicht zuletzt ökonomische. Die Wachstumsschwäche wird zu einem Problem der "Tragfähigkeit". Durch eine Überlastung von...

We analyze a model of green technological transition along a supply chain. In each layer, a good is produced with a dirty technology, or, if the required "electriffcation" innovation has occurred, with a clean technology which uses the immediate upstream good. We show that the economy is...

In seinem jüngsten Beitrag im Wirtschaftsdienst "Kein Wachstum ist auch keine Lösung - eine Kritik an Degrowth- und Postwachstumsansätzen" greift Fabian Lindner eine essenziell wichtige Debatte auf: Können die Ziele der Pariser Klimakonferenz - die Beschränkung der Erderwärmung auf nicht...

An increasing number of tourism researchers now advance the notion of tourism degrowth as a serious and viable alternative to the mainstream, growth-oriented approach to managing tourism development. The paper seeks to clarify, at a conceptual level, the well-being implications of tourism...

In economic science, the content coverage and characteristics of natural capital as a determinant of economic growth were often discussed by affirming the paradigm of sustainability at the end of the previous century. The largest number of researchers supported the thesis that economic growth...

In seinem jüngsten Beitrag im Wirtschaftsdienst "Kein Wachstum ist auch keine Lösung - eine Kritik an Degrowth- und Postwachstumsansätzen" greift Fabian Lindner eine essenziell wichtige Debatte auf: Können die Ziele der Pariser Klimakonferenz - die Beschränkung der Erderwärmung auf nicht...

Many socio-economic systems require positive economic growth rates to function properly. Given uncertainty about future growth rates and increasing evidence that economic growth is a driver of social and environmental crises, these growth dependencies pose serious societal challenges. In recent...

Die Demokratie in Deutschland steht vor einer Bewährungsprobe. Kritik und Radikalisierung wachsen, Akzeptanz und Unterstützung schwinden. Das hat viele Ursachen - nicht zuletzt ökonomische. Die Wachstumsschwäche wird zu einem Problem der "Tragfähigkeit". Durch eine Überlastung von...

The Degrowth movement advocates a radical shift from our capitalist economic system to one based on human needs, planetary boundaries, and economic democracy. The literature, however, often neglects detailing the concrete coordination mechanisms of a Degrowth economy. This paper addresses this...