What Is a Steady-State Economy? How Do We Achieve It?

Ecological economists argue that the continued pursuit of economic growth in wealthy nations is neither sustainable nor desirable. But if the goal isn’t growth, then what is it? Two possible alternatives include degrowth and a steady-state economy. In this lecture, I explore Herman Daly's idea of a steady-state economy. I discuss what a steady-state economy would look like, and the changes that would be needed to achieve it. These include policies to limit resource use, stabilise population, limit inequality, reduce working hours, reform the monetary system, change the way we measure progress, and rethink how businesses create value. Many of the policies mentioned are from my book Enough Is Enough. You can find a short documentary on Enough Is Enough here:    • Enough Is Enough: Full Film   Enough Is Enough is published in North America by Barrett-Koehler: https://www.bkconnection.com/books/ti... It is published in Europe/UK by Routledge: https://www.routledge.com/p/book/9780...