Monitoring the publications of the New Economics Foundation
Growth isn't PossibleEdit
Why rich countries need a new economic direction
Four years on from nef's Growth isn’t Working, this new report goes one step further and tests that thesis in detail in the context of climate change and energy. It argues that indefinite global economic growth is unsustainable. Just as the laws of thermodynamics constrain the maximum efficiency of a heat engine, economic growth is constrained by the finite nature of our planet’s natural resources (biocapacity).
As economist Herman Daly once commented, he would accept the possibility of infinite growth in the economy on the day that one of his economist colleagues could demonstrate that Earth itself could grow at a commensurate rate.
Whether or not the stumbling international negotiations on climate change improve, our findings make clear that much more will be needed than simply more ambitious reductions in greenhouse gas emissions. This report concludes that a new macro economic model is needed, one that allows the human population as a whole to thrive without having to relying on ultimately impossible, endless increases in consumption.
At nef we believe there is a way that the world can successfully transition to a low carbon, high well-being economy. The Just Bond is a way for you to be part of this Great Transition.
All the proceeds of the Just Bond will help nef to build a more just and sustainable economy. nef has been working towards this new kind of economy for over 20 years. We’re launching the Just Bond to help us make a giant leap towards making it a reality.
The Just Bond will never make you rich. It gives no financial benefits whatsoever. It cannot be redeemed (you can’t get your money back) and as with all charitable donations, it doesn’t pay out interest.
Maximum working hoursEdit
Here the New Economics Foundation 'starts a debate' on limiting peoples ability to work to 21 hours a week
Link to BBC Radio interview here