Saturday, May 11, 2013

Prof. Calvin Jones on Post-Growth Economics

Welsh Economist Calvin Jones has a very interesting take on post-growth economics. He theorizes that instead of one dominant economic form, the global economy will devolve to a multitude of diverse forms, some  localized and less hierarchal, some centralized and highly autocratic. There will be a wide range of adaptation strategies, successes and failures. He theorizes that 'humans as a species will be groping toward something that vaguely works' rather than a carefully planned economy. Interestingly, he also thinks that forms of the household economy will revive in a degrowth situation.

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