What Does Degrowth Look Like?
What would “degrowth” look like and why is it needed? At the Degrowth conference in Montreal in May, Josh Farley, an ecological economist at the Gund Institute in Vermont, gave a brisk overview of the problems with our current debt-driven growth economy -- and the feasible alternatives -- in a seventeen-minute video. Farley and eight other co-authors give a more detailed critique in a paper that they presented, “Monetary and Fiscal Policies for a Finite Planet."
Normally, I prefer to read a paper than to watch a video summary. But in this case, Farley is so compelling that I found it a pleasure to watch him deconstruct the conceptual errors of mainstream economic thinking and GDP. One fact that he cited really jumped out at me -- in 1969 U.S. per capita consumption as measured by GDP was only half of current levels -- and yet Americans were just as happy if not happier than they are now. Indeed, since 1969, there have been many declining metrics of health and happiness, such as greater obesity, infant mortality, etc. 
For those dead-enders who insist that economic growth is a prerequisite to solving any of our social problems, it’s worth pausing on this fact -- that Americans were in fact once healthier and happier despite consuming at half of contemporary rates. This proves that it is not utopian to think that we could lower our consumption and still be happy. It’s an historical fact!
Farley would like to conduct a more systematic study of how we might return to such a society. He calls his proposed research project “QOL 350,” which stands for the quality of life (QOL) that could be sustained at energy consumption levels not exceeding atmospheric concentrations of 350 ppm of carbon – the level that scientists say is needed to prevent climate change. A vital element of any QOL 350 vision, Farley says in his video, is to ensure greater fairness in economic distribution and to create institutions that encourage cooperative action.
- Read more about What Does Degrowth Look Like?
- Log in or register to post comments
ould like to see the earth’s atmosphere treated as a commons, which could lead to the statement, "We need to make the atmosphere commonable.” My pleasure in the word was reinforced when another fellow here at the Academy, a renowned literary translator, agreed that the word has a promising future.![Canton Public Library, 1903, Canton, Ohio; entry in the Wiki Loves Monuments USA contest. [Photo by Bgottsab], from Designobserver.com. Canton Public Library, 1903, Canton, Ohio; entry in the Wiki Loves Monuments USA contest. [Photo by Bgottsab], from DesignObserver.com](/sites/default/files/u6/Screen%20shot%202012-11-27%20at%208.57.03%20PM.png)



The report is a massive 346 pages (downloadable as a pdf file under a 


Recent comments