The Macroeconomics of de-growth – Can a de-growth strategy be stable?

[Articles and opinion pieces published in this blog do not necessarily reflect the policies and opinions of the organizers of the International Conference on Degrowth in the Americas. They are posted here to stimulate discussion and debate on issues relevant to degrowth.]

Master’s Thesis, 2012, 51 Pages, Berlin School of Economics And Law

This paper examines an alternative strategy for sustainability and economic development based on de-growth assumptions. This concept is proposed by ecological economists, who consider there to be a natural limitation on economic growth, imposed by necessary environmental regulation. Moreover they oppose the neoclassical ideas, which are considered as pro growth theories, arguing that economic growth itself does not contribute to the social and economic development, therefore it should not be sustained. Accepting this proposition the author makes an attempt to verify the feasibility of a de-growth strategy for macroeconomic stability, applying a post-Keynesian methodology for analysis. The Kaleckian model is used as the basic approach to derive the model restrictions for the de-growth strategy that maintains macroeconomic stability. The findings of this paper will provide policy recommendations to sustain macroeconomic stability, while taking full account of the degrowth assumptions.

Key words: De-growth, Sustainability, Consumption and Production patterns, Ecological and Environmental economics, Post-Keynesian economics, Kaleckian Model, Taxation and Distribution Policy Regulation.

WS 2011/2012

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