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Welfare in a Global Steady-State Economy

Chapter

Abstract

This chapter asks which kinds of institutions could support wellbeing in the context of sustainable postgrowth, especially in periods of far-reaching social change. It discusses core principles for the achievement of a steady-state economy—including a sustainable scale of material throughput and social equality, followed by considerations of the role of spatial scales—the requirement to share and coordinate responsibility for transitions towards postgrowth across global, national, regional and local levels. It also considers a range of policy proposals that have been made to support wellbeing under postgrowth, focusing on macroeconomic steering, inequality/redistribution, minimum and maximum incomes, carbon rationing, consumption, working time reduction, work–life balance as well as population/migration.

Keywords

Steady-state economy Sustainable scale Multi-level governance Redistribution Carbon caps 

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.Sustainability Research Institute, School of Earth and EnvironmentUniversity of LeedsLeedsUK
  2. 2.Lund UniversityLundSweden

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