Research / Working Papers

An inside-outside view of a steady state economy

In this paper, I analyze the concept of a “steady state economy” that has been proposed by many authors as the alternative to limitless consumption in a finite world proposed by current economic paradigm. In this case I focus on Herman Daly’s “Economics, Ecology, Ethics: Essay towards a Steady-State economy” and challenge his views on the type of political regimen that would be required to attain his policy objectives. While I do believe in the idea of the steady-state economy and its feasibility, I contend that it’s harmonic only with a collective agreement on state power exercise only reachable through internal awareness, rather than outside impositions. I conclude with a notion of the incentives that this awareness could generate as business motivation, rather than profit maximization and capital accumulation.

Find the paper here.


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