Is a democratic-capitalist system compatible with a low-growth or steady-state economy
Bibliographic Data
| ID | 4237659 |
|---|---|
| Authors | Philip Lawn (0000-0002-0743-0922, corresponding author) |
| Year | 2005 |
| Volume | 3 |
| Issue | 2 |
| Pages | 209-232 |
| Publication date | 2005-05-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Socio-Economic Review (JOURNAL) |
| Journal identifiers | ISSN: 1475-1461 • E-ISSN: 1475-147X |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/ser/mwi009 |
| OpenAlex | W2055890167 |
| Language | EN |
| Citations received | 8 |
Many ecological economists have called for a rapid transition to a low-growth and eventual steady-state economy. In response, a number of observers have questioned the capacity for a democratic-capitalist system to achieve such a goal. Others simply refute the suggestion that growth needs to be curtailed. It is argued in this paper that: (a) growth is eventually detrimental to human well-being and, as a consequence, a steady-state economy is a long-run necessity; (b) a steady-state economy can accommodate the requirements of a capitalist system; and (c) a would-be-government wishing to impose the macro constraints advocated by ecological economists to bring forth a steady-state economy is potentially electable. As such, there is no reason why a steady-state economy and a democratic–capitalist system should not thrive in each other's presence.
Democracy · Economic system · Economics · Keynesian economics · Market economy · Neoclassical economics · Political science · State (computer science) · Steady state (chemistry) · Chemistry · Law · Mathematics · Political Economy and Marxism
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| Unique citing works | 8 |
|---|---|
| Citations per year | 0.4 |
| Citation span | 2006 - 2026 (21) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 8 |