Economic Growth Paradigm

Lecture 08
 Work-time Degrowth

• More work hours VS less work hours--Which is

economically and environmentally sustainable?

Degrowth of working hours will reduce income which in

turn will limit consumption and reduce pressure on
environment.
 Radical Degrowth

• Believes in Radical change in economy, values, ethics,

preferences, financial systems, markets work and
labor, the role of money, or even profit-making and
ownership.
• This concept is idealistic rather than analytical and
realistic.

“escaping from the [capitalist] economy.”

 Physical Degrowth

• reduction of the physical size of the economy,

notably in terms of resource use and polluting
emission.

Supports “limits to growth” concept