System Dynamics 43 results

An Economy That Works Briefing Paper Series, No 1 Tim Jackson

Understanding the ‘New Normal’—The Challenge of Secular Stagnation | Policy Briefing for APPG on Limits to Growth

This first in a series of briefing papers on building An Economy That Works explores the underlying phenomenon of ‘secular stagnation’ – a long-term decline in the rate of growth of the Gross Domestic Product (GDP). The paper examines the evidence, explores the causes and discusses the implications of what some now call the ‘new normal’.

The Post-Growth Challenge — Secular Stagnation, Inequality and the Limits to Growth | Paper

Sluggish recovery in the wake of the financial crisis has revived discussion of a ‘secular stagnation’. These conditions have been blamed for rising inequality and political instability. Tim Jackson contests this view, pointing instead to a steadfast refusal to address the ‘post-growth challenge’.

Confronting inequality in a post-growth world – Basic income, factor substitution and the future of work | Paper

Piketty argued that slow growth rates inevitably lead to rising inequality. If true, this hypothesis would pose serious challenges for a ‘post-growth’ society. If true, this hypothesis would pose serious challenges for a ‘post-growth’ society. Fiscal responses to this dilemma include Piketty’s own suggestion to tax capital assets and more recent suggestions to provide a universal basic income that would allow even the poorest in society to meet basic needs.