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Managing without growth: exploring possibilities

In: Managing without Growth, Second Edition

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  • Tim Jackson

Abstract

To assess options for managing without growth, LowGrow SFC is used to generate three scenarios: a base case which projects recent trends and relationships, a GHG reduction case with several measures to reduce GHG emissions, and a sustainable prosperity case with additional measures to reduce income inequality and reduce working time. In the sustainable prosperity scenario, economic growth slows and then ceases over the period 2017 to 2067. LowGrow SFC is a system dynamics model broadly representative of the Canadian economy. It includes a sub-model of the electric power system and is stock-flow consistent. The performance of the model is tracked by several indicators including a synthetic sustainable prosperity index which declines precipitously in the base case, declines modestly in the GHG reduction scenario, and increases steadily in the sustainable prosperity scenario. The chapter concludes with an assessment of whether the scenarios are compatible with capitalism.

Suggested Citation

  • Tim Jackson, 2019. "Managing without growth: exploring possibilities," Chapters, in: Managing without Growth, Second Edition, chapter 11, pages 271-303, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17110_11
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    1. repec:lib:000cis:v:10:y:2022:i:1:p:3-22 is not listed on IDEAS
    2. Jackson, Tim & Victor, Peter A., 2020. "The Transition to a Sustainable Prosperity-A Stock-Flow-Consistent Ecological Macroeconomic Model for Canada," Ecological Economics, Elsevier, vol. 177(C).

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    Keywords

    Environment; Politics and Public Policy;

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