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Rethinking Prosperity: Growth, Sustainability, and the Future of Economies

In "Prosperity Without Growth," Tim Jackson explores the unsustainable nature of continuous economic growth. He highlights the challenges of de-growth, emphasizing the need to rethink prosperity within ecological limits. Jackson argues for a model that prioritizes human flourishing, integrating social and ecological well-being. By advocating for low-carbon transitions, ecological investments, and improved community capabilities, he envisions a path toward sustainable prosperity that transcends traditional economic metrics and fosters a more equitable world.

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Rethinking Prosperity: Growth, Sustainability, and the Future of Economies

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  1. Prosperity without Growth Tim Jackson 4th March 2010

  2. Rockstrom et al, Nature 461, Sept 2009

  3. The Dilemma of Growth • Growth is unsustainable • De-growth is unstable GDP = Labour x LP

  4. The Dilemma of Growth Source: Prosperity without growth, Tim Jackson (London, Earthscan 2009) x 130 improvement CO2/$ < zero by 2100?

  5. Credit The Engine of Growth • shareholder value • creative destruction Firms Spending Income Increasing productivity Investment Novelty Price Households • status consumption • a life without shame

  6. A Better Prosperity? • Prosperity consists in our ability to flourish as human beings – within the ecological limits of a finite planet. • material flourishing: food, clothing, shelter • social and psychological flourishing: identity, meaning, participation in the life of society • rethinking social goods and public spaces

  7. A Better Economic Engine? Ecological Investment low carbon transition ecological assets livelihoods • Ecological Enterprise • provide capabilities • support communities • tread lightly

  8. A Better Nature? Novelty Other Self Tradition

  9. Economics for a finite planet Ecosystems Ecological investment Ecosystem services ecological productivity Ecological enterprise Participation Capabilities improved flourishing People

  10. ‘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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