Post-growth Economics
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Post-growth Economics
Post-growth is a stance on economic growth concerning the limits-to-growth dilemma — recognition that, on a planet of finite material resources, extractive economies and populations cannot grow infinitely. The term "post-growth" acknowledges that economic growth can generate beneficial effects up to a point, but beyond that point (cited as $25,000 GDP/capita by Richard Wilkinson and Kate Pickett in their book '' The Spirit Level'') it is necessary to look for other indicators and techniques to increase human wellbeing. Post-growth can be distinguished from similar concepts and movements (such as degrowth and steady-state economy) in that it seeks to identify and build on what is already working, rather than focusing on what is not. Post-growth advocates try to encourage, connect and further develop already existing ideas, concepts, technologies, systems, initiatives, and actions. In this way, "post-growth" does not specify the answer to the limits-to-growth challenge, as "ste ...
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Economic Growth
In economics, economic growth is an increase in the quantity and quality of the economic goods and Service (economics), services that a society Production (economics), produces. It can be measured as the increase in the inflation-adjusted Output (economics), output of an economy in a given year or over a period of time. The rate of growth is typically calculated as List of countries by real GDP growth rate, real gross domestic product (GDP) growth rate, List of countries by real GDP per capita growth, real GDP per capita growth rate or List of countries by GNI per capita growth, GNI per capita growth. The "rate" of economic growth refers to the Exponential growth, geometric annual rate of growth in GDP or GDP per capita between the first and the last year over a period of time. This growth rate represents the trend in the average level of GDP over the period, and ignores any fluctuations in the GDP around this trend. Growth is usually calculated in "real" value, which is real v ...
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Ecological Economics (journal)
''Ecological Economics. The Transdisciplinary Journal of the International Society for Ecological Economics'' is a peer-reviewed academic journal published by Elsevier on behalf of the International Society for Ecological Economics. It covers research on ecological economics. The journal was established in 1989 by founding editor-in-chief Robert Costanza. The current editors-in-chief are Begum Özkaynak ( Bogazici University) and Stefan Baumgärtner (University of Freiburg The University of Freiburg (colloquially ), officially the Albert Ludwig University of Freiburg (), is a public university, public research university located in Freiburg im Breisgau, Baden-Württemberg, Germany. The university was founded in 1 ...). The journal is concerned with "extending and integrating the understanding of the interfaces and interplay between 'nature's household' (ecosystems) and 'humanity's household' (the economy)". The journal is transdisciplinary in spirit and emphasizes work that dr ...
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Cosmopolitan Localism
Cosmopolitan localism or Cosmolocalism is a social innovation approach to community development that seeks to link local and global communities through resilient infrastructures that bring production and consumption closer together, building on distributed systems. The concept of cosmopolitan localism was pioneered by Wolfgang Sachs, a scholar in the field of environment, development, and globalization. Sachs is known as one of the many followers of Ivan Illich and his work has influenced the green and ecological movements. Contrary to glocalisation, cosmolocalism moves from locality to universality, acknowledging the local as the locus of social co-existence and emphasizing the potential of global networking beyond capitalist market rules. Cosmopolitan localism fosters a global network of mutually supportive communities (neighbourhoods, villages, towns, cities and regions) who share and exchange knowledge, ideas, skills, technology, culture and (where socially and ecologically ...
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The World's Billionaires
''The World's Billionaires'' is an annual ranking of people who are billionaires, i.e., they are considered to have a net worth of US$1 billion or more, by the American business magazine ''Forbes''. The list was first published in March 1987. The total net worth of each individual on the list is estimated and is cited in United States dollars, based on their documented assets and accounting for debt and other factors. Royalty and dictators whose wealth comes from their positions are excluded from these lists. This ranking is an index of the wealthiest documented individuals, excluding any ranking of those with wealth that is not able to be completely ascertained. In 2018, Amazon founder Jeff Bezos was ranked at the top for the first time and became the first centibillionaire included in the ranking, surpassing Microsoft founder Bill Gates, who had topped the list 18 of the previous 24 years. In 2022, after topping the list for four years, Bezos was surpassed by Elon Mus ...
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Free Money Day
Free Money Day is a global social experiment held annually on September 15, the anniversary of the Lehman Brothers' 2008 filing for bankruptcy. Participants hand out money to strangers, asking them to pass half onto someone else. Money is exchanged in person, left as a surprise for someone to find, or sent digitallyFounded in 2011by Donnie Maclurcan, co-founder and co-director of the Post Growth Institute, Free Money Day is a social experiment that is meant to explore people's attachment to money and remind people that it must freely circulate in a successful economy, as noted by Maclurcan: Since its inception, Free Money Day has been celebrated through 324 events organized in 218 locations in 35 countries, with many more unreported events. Free Money Day is an initiative of the Post Growth Institute (PGI), an international, not-for-profit organization leading the shift to a world where people, companies and nature thrive together within ecological limits. The PGI works colla ...
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Quakers
Quakers are people who belong to the Religious Society of Friends, a historically Protestantism, Protestant Christian set of Christian denomination, denominations. Members refer to each other as Friends after in the Bible, and originally, others referred to them as Quakers because the founder of the movement, George Fox, told a judge to "quake before the authority of God". The Friends are generally united by a belief in each human's ability to be guided by the inward light to "make the witness of God" known to everyone. Quakers have traditionally professed a priesthood of all believers inspired by the First Epistle of Peter. They include those with Evangelical Friends Church International, evangelical, Holiness movement, holiness, liberal, and Conservative Friends, traditional Quaker understandings of Christianity, as well as Nontheist Quakers. To differing extents, the Friends avoid creeds and hierarchical structures. In 2017, there were an estimated 377,557 adult Quakers ...
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Ecovillages
An ecovillage is a traditional or intentional community that aims to become more socially, culturally, economically and/or environmentally sustainable. An ecovillage strives to have the least possible negative impact on the natural environment through the intentional physical design and behavioural choices of its inhabitants. It is consciously designed through locally owned, participatory processes to regenerate and restore its social and natural environments. Most range from a population of 50 to 250 individuals, although some are smaller, and traditional ecovillages are often much larger. Larger ecovillages often exist as networks of smaller sub-communities. Some ecovillages have grown through like-minded individuals, families, or other small groups—who are not members, at least at the outset—settling on the ecovillage's periphery and participating '' de facto'' in the community. There are currently more than 10,000 ecovillages around the world. Ecovillagers are united b ...
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Tiny Homes
The tiny-house movement (also known as the small house movement) is an architectural and social movement promoting the reduction and simplification of living spaces. Tiny homes have been promoted as offering lower-cost and sometimes eco-friendly features within the housing market, and they have also been promoted a housing option for homeless individuals.Ford, Jasmine, and Lilia Gomz-Lanier. Family and Consumer Sciences Research Journal, 2017, ''Are Tiny Homes Here to Stay? A Review of Literature on the Tiny House Movement''. However, the lack of clearly defined features and legality in many cases can cause issues for ownership, including being more expensive for the amount of area, vulnerability to natural disaster, lack of storage, difficulty hosting, smaller or lacking traditional home appliances, and legal and or zoning issues. There is some variation in defining a tiny home, but there are examples and they are usually based on floorspace. However, tiny homes do not have ...
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Downshifting (lifestyle)
In social behavior, downshifting is a trend where individuals adopt simpler lives from what critics call the " rat race". The long-term effect of downshifting can include an escape from what has been described as economic materialism, as well as reduce the "stress and psychological expense that may accompany economic materialism". This social trend emphasizes finding an improved balance between leisure and work, while also focusing life goals on personal fulfillment, as well as building personal relationships instead of the all-consuming pursuit of economic success. Downshifting differs from simple living in its focus on moderate change and concentration on an individual comfort level and a gradual approach to living.Tracey Smith, 2008 In the 1990s, this form of simple living began appearing in the mainstream media, and has continually grown in popularity among populations living in industrial societies, especially the United States, the United Kingdom, New Zealand, and Australi ...
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Voluntary Simplicity
Simple living refers to practices that promote simplicity in one's lifestyle. Common practices of simple living include reducing the number of possessions one owns, depending less on technology and services, and spending less money. In addition to such external changes, simple living also reflects a person's mindset and values. Simple living practices can be seen in history, religion, art, and economics. Adherents may choose simple living for a variety of personal reasons, such as spirituality, health, increase in quality time for family and friends, work–life balance, personal taste, financial sustainability, increase in philanthropy, frugality, environmental sustainability, or reducing stress. Simple living can also be a reaction to economic materialism and consumer culture. Some cite sociopolitical goals aligned with environmentalist, anti-consumerist, or anti-war movements, including conservation, degrowth, deep ecology, and tax resistance. History Religious and ...
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Peak Oil
Peak oil is the point when global oil production reaches its maximum rate, after which it will begin to decline irreversibly. The main concern is that global transportation relies heavily on gasoline and diesel. Adoption of electric vehicles, biofuels, or more efficient transport (like trains and waterways) could help reduce oil demand. Peak oil relates closely to oil depletion; while petroleum reserves are finite, the key issue is the economic viability of extraction at current prices. Initially, it was believed that oil production would decline due to reserve depletion, but a new theory suggests that reduced oil demand could lower prices, affecting extraction costs. Demand may also decline due to persistent high prices. Over the last century, many predictions of peak oil timing have been made, often later proven incorrect due to increased extraction rates. M. King Hubbert introduced the concept in a 1956 paper, predicting U.S. production would peak between 1965 and 1 ...
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