Uneconomic growth

Uneconomic growth, in welfare economics, human development theory and some forms of ecological economics, is economic growth which reflects or creates a decline in human well-being. The concept is variously attributed to Herman Daly and Marilyn Waring, though other theorists are also often credited:

Related Topics:
Welfare economics - Human development theory - Ecological economics - Economic growth - Decline in human well-being - Herman Daly - Marilyn Waring

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For instance, in Daly's 1999 Feasta Lecture, "uneconomic growth in theory and in fact", he cites John Ruskin, then William Nordhaus and James Tobin as having identified the issue. His own colleagues John Cobb and Clifford Cobb developed, with Daly, a formal analysis that emphasized "the cost of GNP growth - in other words, the social and environmental sacrifices made necessary by that growing encroachment on the eco-system." http://www.feasta.org/documents/feastareview/daly.htm. See other articles below by Jonathan Rowe, Linda Baker, Judith Silverstein, Ted Halstead, and the theory that has led to a potential solution: the Genuine Progress Indicator.

Related Topics:
John Ruskin - William Nordhaus - James Tobin - John Cobb - Clifford Cobb - GNP - Jonathan Rowe - Linda Baker - Judith Silverstein - Ted Halstead - Genuine Progress Indicator

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