Monthly Meeting 27 Oct 2011: Steady State Economy

On October 27, a group of us met to hear James Johnston tell us about The Steady State Economy.  He is the director of Canadian Operations for the Center for the Advancement of Steady State Economics.  He has shared his PPT presentation with us, and it can be viewed here. 

If this topic interests you, and you missed the presentation, you could make up for some of that by visiting their site.

Essentially the message James brought us was that conventional economics, also known as neo-classical economics, is predicated on the assumption that perpetual growth is possible. Common sense tells us that this can't be so. But because we assume that there is no alternative to our current growth model, we continue to embrace it. But there are alternatives. One of these is Steady State Economics. The concept is definitely worth checking out.