Center for the Advancement of the Steady State Economy
13 Sep 2010
The most famous critic of economic growth may be economist Herman Daly, whose ideas have been taken up by the Center for the Advancement of the Steady State Economy (CASSE).
I fully support them—the only problem is, I’m worried that we won’t have a chance to aim for a steady state economy anytime soon. We may go from permanent growth to permanent shrinkage because of peak oil and other limits to growth.
But if CASSE’s ideas about the problems of growth, and how to build a steady-state economy might also be really helpful in a shrinking economy. My intuition is that conventional economics would go haywire in a shrinking economy, so I’m glad somebody is thinking about these things now, since it could help us plan for the future. Even if we don’t do much, just having these ideas on the shelf will be helpful if the economy starts permanently shrinking and politicians are casting about for ideas of what to do.