Zero growth

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Zero growth is a theory where a steady state economy is maintained, through that all economic activities and policies are oriented towards achieving a state of equilibrium.

The theory asserts that the continuous growth model is inherently unstable resulting in a "boom/bust" cycle, and that continuous growth in the context of finite resources is unlikely to support current levels of prosperity indefinitely.

Proponents of this theory also explicitly challenge the popular equation of economic growth with progress and posit that sustainability has inherent value.

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References[edit]

  • Gilding, P., The Great Disruption: Why the Climate Crisis Will Bring On the End of Shopping and the Birth of a New World, 2011, Bloomsbury Press, ISBN 978-1-60819-223-6
  • Donella H. Meadows, Jorgen Randers and Dennis L. Meadows, Limits to Growth: The 30-Year Update, ISBN 978-1-931498-58-6, ASIN 1-931498-58-X, 2004