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304 pages, Paperback
First published September 3, 2015

The prevailing economic narrative that ‘growth is good’ is probably the single biggest obstacle to tackling climate change. It ignores the fundamental paradox of how we are expected to have infinite growth on a planet of finite resources. As economist Kenneth Boulding remarked, ‘anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist’. It presupposes that economic growth will make people more happy, when all the evidence is that - once essential needs are met - more of it does not. It divides countries, making people think we need to compete to have the highest rate of growth, and treats economic activity as kind of international competition, when we should be working together. And if economic growth is your single most important target as a government, then it plays into the hands of those who claim to provide it: to industry, to those who depend on over-stimulating consumer demand, and to the energy companies who are so strongly opposed to any attempts to tackle climate change. [...]
The way our economy is currently structured means that, unless there is growth, people lose their jobs, the tax base shrinks and politicians struggle to fund the public services we all rely on every day. We need to break that cycle by building a new macro-economic model that is geared not towards growth, but towards achieving the outcomes that are important to society and which can be sustained by the planet’s finite carrying capacity.