Steady-state economy | Rich X Wiki Search

This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages)

This article may require cleanup to meet Wikipedia's quality standards. The specific problem is: Some of the image captions are not appropriate for the topics that they respectively discuss. Please help improve this article if you can. (February 2020) (Learn how and when to remove this message)

This article or section possibly contains original synthesis. Source material should verifiably mention and relate to the main topic. Relevant discussion may be found on the talk page. (July 2019) (Learn how and when to remove this message)

This article may lend undue weight to certain ideas, incidents, or controversies. Please help improve it by rewriting it in a balanced fashion that contextualizes different points of view. (July 2019) (Learn how and when to remove this message)

This article's factual accuracy is disputed. Relevant discussion may be found on the talk page. Please help to ensure that disputed statements are reliably sourced. (October 2019) (Learn how and when to remove this message)

(Learn how and when to remove this message)

Ecological economics
Part of a series on
Humanity's economic system viewed as a subsystem of the global environment
Concepts Carbon fee and dividend Carrying capacity Ecological market failure Ecological model of competition Ecosystem services Embodied energy Energy accounting Entropy pessimism Index of Sustainable Economic Welfare Natural capital Spaceship Earth Steady-state economy Sustainability, 'weak' vs 'strong' Uneconomic growth
People Serhiy Podolynsky Frederick Soddy Nicholas Georgescu-Roegen Kenneth E. Boulding E. F. Schumacher Robert Ayres Herman Daly Joan Martinez Alier Richard B. Norgaard Robert Costanza Tim Jackson Clive Spash Organizations: International Society for Ecological Economics
Works Wealth, Virtual Wealth and Debt The Entropy Law and the Economic Process The Limits to Growth Small Is Beautiful Prosperity Without Growth Ecological Economics (journal)
Related topics Degrowth Eco-investing Eco-socialism Environmental economics Externality Green politics Planetary boundaries Post-growth Sustainable finance Thermodynamics Thermoeconomics
v t e

Anti-consumerism
Part of a series on
Theories and ideas Asceticism Affluenza Alternative culture Anti-capitalism Autonomous building Billboard hacking Buyer's remorse Bioeconomics Buddhist economics Buy Nothing Day Collaborative consumption Collapsology Commodification Commodity fetishism Commune Compulsive buying disorder Conspicuous consumption Consumer capitalism Consumerism Conviviality Criticism of advertising Culture jamming Do it yourself Downshifting Durable good Earth Overshoot Day Ecological economics Ecovillage Ethical consumerism Feminist political ecology Food loss and waste Freeganism Gift economy Green consumption Hyperconsumerism Laconophilia Local food Microgeneration Non-possession Overconsumption Planned obsolescence Right to repair Political ecology Post-consumerism Simple living Slow Food Steady-state economy Subvertising Sustainable consumer behaviour Sustainable consumption
Notable works Walden The Theory of the Leisure Class Brave New World The Affluent Society One-Dimensional Man The Society of the Spectacle (book, film) The Consumer Society: Myths and Structures [fr] Steal This Book Small Is Beautiful To Have or to Be? Future Primitive and Other Essays Fight Club (novel, film) Escape from Affluenza No Logo Profit over People: Neoliberalism and Global Order The Cultural Creatives Affluenza: The All-Consuming Epidemic Evasion The Corporation Surplus: Terrorized into Being Consumers So, What's Your Price? What Would Jesus Buy?
Organizations and groups Adbusters Crass CrimethInc. Deep Green Resistance Democracy Now! Earth Liberation Front Fifth Estate Freecycle Green Anarchy Institute for Social Ecology Monthly Review Rage Against the Machine Reverend Billy The Venus Project The Yes Men 350.org
People Mauro Bonaiuti Noam Chomsky Erich Fromm Nicholas Georgescu-Roegen Edward Goldsmith Paul Goodman André Gorz Ivan Illich Serge Latouche Donella Meadows Pierre Rabhi John Ruskin E. F. Schumacher Bernard Stiegler Henry David Thoreau
Related social movements Alter-globalization Amateurism Anarcho-communism Anarcho-primitivism Anarcho-punk Anti-capitalism Anti-corporate activism Anti-globalization movement Communism Diggers (theater) Ecofeminism Eco-socialism Environmentalism Food Not Bombs Fossil fuel phase-out Green anarchism Green left Green politics Hippie Libertarian socialism Neo-Luddism New Left Occupy Wall Street Postmodernism Punk Situationists Slow movement Social anarchism Social ecology
See also Advanced capitalism Advertising Barter Consumer behaviour Consumption (economics) Consumption (sociology) Cooperative Counterculture Disneyfication Ecological economics Economic materialism Economic problems Frugality Green economy Gross National Happiness Heterodox economics HospEx Illth Influence of mass media Informal sector Intentional community Left-wing politics McDonaldization Mutual aid Natural resource economics Non-monetary economy Permaculture Post-materialism Productivism Shopping Subsistence economy Sustainability Sweatshops Veblen good Workaholic
v t e

A steady-state economy is an economy made up of a constant stock of physical wealth (capital) and a constant population size. In effect, such an economy does not grow in the course of time.^[1]^{: 366–369}^[2]^: 545^[3]^[4] The term usually refers to the national economy of a particular country, but it is also applicable to the economic system of a city, a region, or the entire world. Early in the history of economic thought, classical economist Adam Smith of the 18th century developed the concept of a stationary state of an economy: Smith believed that any national economy in the world would sooner or later settle in a final state of stationarity.^[5]^: 78

Since the 1970s, the concept of a steady-state economy has been associated mainly with the work of leading ecological economist Herman Daly.^[6]^: 303^[7]^: 32f^[8]^: 85 As Daly's concept of a steady-state includes the ecological analysis of natural resource flows through the economy, his concept differs from the original classical concept of a stationary state. One other difference is that Daly recommends immediate political action to establish the steady-state economy by imposing permanent government restrictions on all resource use, whereas economists of the classical period believed that the final stationary state of any economy would evolve by itself without any government intervention.^[9]^: 295f^[10]^: 55f

Critics of the steady-state economy usually object to it by arguing that resource decoupling, technological development, and the operation of market mechanisms are capable of overcoming resource scarcity, pollution, or population overshoot. Proponents of the steady-state economy, on the other hand, maintain that these objections remain insubstantial and mistaken — and that the need for a steady-state economy is becoming more compelling every day.^[11]^[12]^[13]^[8]^{: 148–155}

A steady-state economy is not to be confused with economic stagnation: Whereas a steady-state economy is established as the result of deliberate political action, economic stagnation is the unexpected and unwelcome failure of a growth economy. An ideological contrast to the steady-state economy is formed by the concept of a post-scarcity economy.

^ Cite error: The named reference ngr02 was invoked but never defined (see the help page).
^ Cite error: The named reference ck01 was invoked but never defined (see the help page).
^ Blauwhof, Frederik Berend (2012). "Overcoming accumulation: Is a capitalist steady-state economy possible?". Ecological Economics. 84: 254–261. Bibcode:2012EcoEc..84..254B. doi:10.1016/j.ecolecon.2012.03.012.
^ Lawn, Philip (2011). "Is steady-state capitalism viable?: A review of the issues and an answer in the affirmative". Annals of the New York Academy of Sciences. 1219 (1): 1–25. doi:10.1111/j.1749-6632.2011.05966.x. PMID 21332490. S2CID 40089385.
^ Cite error: The named reference as01 was invoked but never defined (see the help page).
^ Cite error: The named reference ir01 was invoked but never defined (see the help page).
^ Cite error: The named reference rs01 was invoked but never defined (see the help page).
^ ^a ^b Cite error: The named reference ap01 was invoked but never defined (see the help page).
^ Cite error: The named reference mb02 was invoked but never defined (see the help page).
^ Cite error: The named reference hd04 was invoked but never defined (see the help page).
^ Cite error: The named reference tj01 was invoked but never defined (see the help page).
^ Cite error: The named reference bc01 was invoked but never defined (see the help page).
^ Cite error: The named reference rd01 was invoked but never defined (see the help page).