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Economics for a Finite Planet

Economics for a Finite Planet. Tim Jackson 10 th November 2009. The Dilemma of Growth. Growth is unsustainable De-growth is unstable. Limits to Decoupling. Limits to Decoupling. Source: Prosperity without growth , Tim Jackson (London, Earthscan 2009). Limits to Decoupling.

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Economics for a Finite Planet

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  1. Economics for a Finite Planet Tim Jackson 10th November 2009

  2. The Dilemma of Growth • Growth is unsustainable • De-growth is unstable

  3. Limits to Decoupling

  4. Limits to Decoupling Source: Prosperity without growth, Tim Jackson (London, Earthscan 2009)

  5. Limits to Decoupling Source: Prosperity without growth, Tim Jackson (London, Earthscan 2009)

  6. Limits to Decoupling Source: Prosperity without growth, Tim Jackson (London, Earthscan 2009)

  7. Credit The Engine of Growth • capital mobility • creative destruction Firms Consumer expenditure Income Increasing productivity Investment Novelty Price Households • status consumption • a life without shame

  8. Ecological Macroeconomics Investment • ecological investment • investment targets • investment ecology • role of public sector Labour • productivity revisited • sharing work • creating jobs • productivity spectrum Ecological limits

  9. Ecological Macroeconomics Consumptivity Δ(CO2/$) Leisure Unpaid labour Social enterprise Services Manufact-uring Technology Financialservices High-end jobs Productivity Δ($/job) Eco-leisure Volunt-eering Social enterprise Green services Resource Manage-ment Clean Tech Financialservices High-end jobs

  10. Ecological Entreprise • Low-carbon, resource efficient economic activities that provide employment, support communities and contribute to human flourishing

  11. Flourishing – within limits • beyond consumerism • an ‘alternative’ prosperity • the importance of participation • building capabilities • investment in public goods

  12. ‘… sites for the cultivation of a common citizenship, so that people from different walks of life encounter one another and so acquire enough of a.. sense of a shared life that we can meaningfully think of one another as citizens in a common venture’ Michael Sandel, June 2009

  13. Economics for a finite planet Ecosystems Ecological investment Ecosystem services Increasing resource productivity Ecological enterprise Participation Capabilities improved flourishing People

  14. Ecological Footsteps • Establish the Limits • 1. Establishing clearly defined resource/emissions caps • 2. Fiscal Reform for Sustainability • 3. Promoting Technology Transfer and Ecosystem Protection • Fix the Economics • 4. Developing the macro-economics of sustainability • 5. Investing in public assets and infrastructures • 6. Increasing financial and fiscal prudence • 7. Improving macro-economic accounting • Change the social logic • 8. Sharing the work and improving the work-life balance • 9. Tackling systemic inequality • 10 Measuring capabilities and flourishing • 11 Strengthening human and social capital • 12 Reversing the culture of consumerism

  15. Ecological Footsteps Establish the limits Fix the economics Change the social logic

  16. ‘The crisis doesn’t only make us free to imagine other models, another future, another world. It obliges us to do so.’ President Sarkozy, September 2009 http://www.earthscan.co.uk/pwg

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