Degrowth: A Simple Definition Of Degrowth And Why Is It Important?
Posted By: Divine Grace Antonio
About this Talent:
Degrowth or post-growth economics is an academic and social movement critical of the concept of growth in gross domestic product as a measure of human and economic development. Degrowth theory is based on ideas and research from a multitude of disciplines such as economics, economic anthropology, ecological economics, environmental sciences and development studies.
It argues that the unitary focus of modern capitalism on growth, in terms of monetary value of aggregate goods and services, causes widespread ecological damage and is not necessary for the further increase of human living standards. Degrowth theory has been met with both academic acclaim and considerable criticism.
The main argument of degrowth theory is that an infinite expansion of the economy is fundamentally contradictory to the finiteness of material resources on Earth. The Great Acceleration is evidence of the validity of the Jevons paradox; showing our exponentially increasing dependence on fossil fuels and material resources. Degrowth theory argues that economic growth measured by GDP should be abandoned as a policy objective.
Policy should instead focus on economic and social metrics such as life expectancy, health, education, housing, and ecologically sustainable work as indicators of both eco-systems and human well-being. Degrowth theorists posit that this may increase human living standards and ecological preservation, even while GDP slows down or decreases.
Salient Features:
| Job Price:500 | Duration : 1 Day |
| Location: Rs.Philippines | Languages Known : english |
