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Degrowth and the supply of money in an energy-scarce world

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  • Douthwaite, Richard

Abstract

Degrowth is going to happen whether governments want it or not because, as fossil fuels run out, incomes will shrink along with the energy supply. This degrowth can either be unplanned and catastrophic or managed and relatively benign. This paper argues that three tools are essential to avoid degrowth becoming a catastrophic collapse. These are (i) a system to share the benefits from using increasingly-scarce fossil fuels, (ii) new ways of financing businesses and (iii) the introduction of debt-free regional and local currencies.

Suggested Citation

  • Douthwaite, Richard, 2012. "Degrowth and the supply of money in an energy-scarce world," Ecological Economics, Elsevier, vol. 84(C), pages 187-193.
    • Handle: RePEc:eee:ecolec:v:84:y:2012:i:c:p:187-193
    DOI: 10.1016/j.ecolecon.2011.03.020
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    Citations

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    Cited by:

    1. Claudio Vitari, 2014. "Electronic currencies for purposive degrowth?," Working paper serie RMT - Grenoble Ecole de Management hal-00975432, HAL.
    2. Safarzyńska, Karolina & van den Bergh, Jeroen C.J.M., 2017. "Integrated crisis-energy policy: Macro-evolutionary modelling of technology, finance and energy interactions," Technological Forecasting and Social Change, Elsevier, vol. 114(C), pages 119-137.
    3. Larue, Louis, 2020. "The Ecology of Money: A Critical Assessment," Ecological Economics, Elsevier, vol. 178(C).
    4. Miklós Antal & Jeroen C.J.M. van den Bergh, 2014. "Macroeconomics, Financial Crisis and the Environment: Strategies for a Sustainability Transition. WWWforEurope Policy Paper No. 10," WIFO Studies, WIFO, number 47013.
    5. Claudio Vitari, 2014. "Can virtual currencies drive sustainable de-growth?," Post-Print halshs-01924234, HAL.
    6. Katharina Bohnenberger, 2020. "Money, Vouchers, Public Infrastructures? A Framework for Sustainable Welfare Benefits," Sustainability, MDPI, vol. 12(2), pages 1-30, January.
    7. Malmaeus, J. Mikael & Alfredsson, Eva C., 2017. "Potential Consequences on the Economy of Low or No Growth - Short and Long Term Perspectives," Ecological Economics, Elsevier, vol. 134(C), pages 57-64.
    8. Marshall, Adam P. & O'Neill, Daniel W., 2018. "The Bristol Pound: A Tool for Localisation?," Ecological Economics, Elsevier, vol. 146(C), pages 273-281.
    9. Michel, Arnaud & Hudon, Marek, 2015. "Community currencies and sustainable development: A systematic review," Ecological Economics, Elsevier, vol. 116(C), pages 160-171.
    10. Rezai, Armon & Stagl, Sigrid, 2016. "Ecological Macreconomics: Introduction and Review," Ecological Economic Papers 9, WU Vienna University of Economics and Business.
    11. Sebastian Strunz & Bartosz Bartkowski & Harry Schindler, 2017. "Is there a monetary growth imperative?," Chapters, in: Peter A. Victor & Brett Dolter (ed.), Handbook on Growth and Sustainability, chapter 15, pages 326-355, Edward Elgar Publishing.
    12. Louis Larue, 2022. "The case against alternative currencies," Politics, Philosophy & Economics, , vol. 21(1), pages 75-93, February.
    13. Claudio Vitari, 2016. "Electronic Currencies: a literature review [Monnaies électroniques : a revue de la littérature]," Grenoble Ecole de Management (Post-Print) halshs-01924191, HAL.
    14. Tokic, Damir, 2012. "The economic and financial dimensions of degrowth," Ecological Economics, Elsevier, vol. 84(C), pages 49-56.
    15. Dittmer, Kristofer, 2015. "100 percent reserve banking: A critical review of green perspectives," Ecological Economics, Elsevier, vol. 109(C), pages 9-16.
    16. Larch, Mario & Löning, Markus & Wanner, Joschka, 2018. "Can degrowth overcome the leakage problem of unilateral climate policy?," Ecological Economics, Elsevier, vol. 152(C), pages 118-130.
    17. Claudio Vitari, 2014. "Electronic currencies for purposive degrowth?," Working Papers hal-00975432, HAL.
    18. Claudio Vitari, 2016. "Electronic Currencies: a literature review [Monnaies électroniques : a revue de la littérature]," Post-Print halshs-01924191, HAL.
    19. Claudio Vitari, 2014. "Can virtual currencies drive sustainable de-growth?," Grenoble Ecole de Management (Post-Print) halshs-01924234, HAL.
    20. Miklós Antal & Jeroen C.J.M. van den Bergh, 2014. "Macroeconomics, Financial Crisis and the Environment. Strategies for a Sustainability Transition," WIFO Working Papers 464, WIFO.
    21. Lee, Kang-Soek & Werner, Richard A., 2018. "Reconsidering Monetary Policy: An Empirical Examination of the Relationship Between Interest Rates and Nominal GDP Growth in the U.S., U.K., Germany and Japan," Ecological Economics, Elsevier, vol. 146(C), pages 26-34.

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