Maurice Félix Charles Allais was a French physicist and economist, the 1988 winner of the Nobel Memorial Prize in Economic Sciences "for his pioneering contributions to the theory of markets and efficient utilization of resources", along with John Hicks and Paul Samuelson, to neoclassical synthesis. They formalize the self-regulation of markets, that Keynes refuted, while reiterating some of his ideas.
Genuine progress indicator (GPI) is a metric that has been suggested to replace, or supplement, gross domestic product (GDP). The GPI is designed to take fuller account of the well-being of a nation, only a part of which pertains to the size of the nation's economy, by incorporating environmental and social factors which are not measured by GDP. For instance, some models of GPI decrease in value when the poverty rate increases. The GPI separates the concept of societal progress from economic growth.
A green economy is an economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment. It is closely related with ecological economics, but has a more politically applied focus. The 2011 UNEP Green Economy Report argues "that to be green, an economy must not only be efficient, but also fair. Fairness implies recognizing global and country level equity dimensions, particularly in assuring a Just Transition to an economy that is low-carbon, resource efficient, and socially inclusive."
The Index of Sustainable Economic Welfare (ISEW) is an economic indicator intended to replace the gross domestic product (GDP), which is the main macroeconomic indicator of System of National Accounts (SNA). Rather than simply adding together all expenditures like the GDP, consumer spending is balanced by such factors as income distribution and cost associated with pollution and other unsustainable costs. The calculation excludes defence expenditures and considers a wider range of harmful effects of economic growth. It is similar to the genuine progress indicator (GPI).
Johannes Daniel Dahm is a German geographer, ecologist, activist, consultant and entrepreneur.
Sir Timothy John Besley, is a British academic economist who is the School Professor of Economics and Political Science and Sir W. Arthur Lewis Professor of Development Economics at the London School of Economics (LSE).
Cultural economics is the branch of economics that studies the relation of culture to economic outcomes. Here, 'culture' is defined by shared beliefs and preferences of respective groups. Programmatic issues include whether and how much culture matters as to economic outcomes and what its relation is to institutions. As a growing field in behavioral economics, the role of culture in economic behavior is increasingly being demonstrated to cause significant differentials in decision-making and the management and valuation of assets.
Prosperity is the flourishing, thriving, good fortune and successful social status. Prosperity often produces profuse wealth including other factors which can be profusely wealthy in all degrees, such as happiness and health.
Degrowth is a term used for both a political, economic, and social movement as well as a set of theories that criticise the paradigm of economic growth. Degrowth is based on ideas from political ecology, ecological economics, feminist political ecology, and environmental justice, arguing that social and ecological harm is caused by the pursuit of infinite growth and Western "development" imperatives.
Green growth is a concept in economic theory and policymaking used to describe paths of economic growth that are environmentally sustainable. It is based on the understanding that as long as economic growth remains a predominant goal, a decoupling of economic growth from resource use and adverse environmental impacts is required. As such, green growth is closely related to the concepts of green economy and low-carbon or sustainable development. A main driver for green growth is the transition towards sustainable energy systems. Advocates of green growth policies argue that well-implemented green policies can create opportunities for employment in sectors such as renewable energy, green agriculture, or sustainable forestry.
State of the World 2010: Transforming Cultures: From Consumerism to Sustainability is a report and project conceived and directed by Erik Assadourian, a senior fellow at Worldwatch, and published by the Worldwatch Institute that analyzes the consumer cultural paradigm. It includes 26 articles from 60 eminent researchers and experts on consumerism, sustainability, and cultural change, and provides essential facts and case studies on how societies can transition from consumerism to sustainability. The report has received positive reviews from several esteemed academics, including Bill McKibben, Tim Jackson, Gus Speth, and Muhammad Yunus. It has also been translated into 11 different languages and adjusted for a youth audience.
Edward J. Nell is an American economist and a former professor at the New School for Social Research. Nell was a member of the New School faculty from 1969 to 2014. He achieved the rank of Malcolm B. Smith Professor of Economics in 1990.
Tim Jackson is a British ecological economist and professor of sustainable development at the University of Surrey. He is the director of the Centre for the Understanding of Sustainable Prosperity (CUSP), a multi-disciplinary, international research consortium which aims to understand the economic, social and political dimensions of sustainable prosperity. Tim Jackson is the author of Prosperity Without Growth and Material Concerns (1996). In 2016, he received the Hillary Laureate for exceptional mid-career Leadership. His most recent book Post Growth—Life After Capitalism was published in March 2021 by Polity Press.
In economic and environmental fields, decoupling refers to an economy that would be able to grow without corresponding increases in environmental pressure. In many economies, increasing production (GDP) raises pressure on the environment. An economy that would be able to sustain economic growth while reducing the amount of resources such as water or fossil fuels used and delink environmental deterioration at the same time would be said to be decoupled. Environmental pressure is often measured using emissions of pollutants, and decoupling is often measured by the emission intensity of economic output.
Niko Paech is a German economist. Since 2018, he has worked as a supernumerary ("außerplanmäßiger") professor at the University of Siegen. From 2010 to 2018, he was substitute professor at the chair of production and environment (PUM) at the University of Oldenburg. His research focuses on the fields of environmental economics, ecological economics and sustainability.
Post-growth is a stance on economic growth concerning the limits-to-growth dilemma — recognition that, on a planet of finite material resources, extractive economies and populations cannot grow infinitely. The term "post-growth" acknowledges that economic growth can generate beneficial effects up to a point, but beyond that point it is necessary to look for other indicators and techniques to increase human wellbeing.
Hartmut Bossel is a German environmental scientist and systems scientist. Bossel was a professor of environmental systems analysis and director of the Scientific Center for Environmental Systems Research and Environmental Systems Analysis Group at the University of Kassel, Germany, until his retirement in 1997.
Ten national referendums were held in Switzerland in 2018. Polling took place on 4 March, 10 June, 23 September and 25 November.
Material Concerns is a book by author and economist Tim Jackson. Published in 1996, it pioneered the concept of preventive environmental management, a core principle of the circular economy framework.
Growth imperative is a term in economic theory regarding a possible necessity of economic growth. On the micro level, it describes mechanisms that force firms or consumers (households) to increase revenues or consumption to not endanger their income. On the macro level, a political growth imperative exists if economic growth is necessary to avoid economic and social instability or to retain democratic legitimacy, so that other political goals such as climate change mitigation or a reduction of inequality are subordinated to growth policies.
