What Would a No Growth Economy Actually Look Like?

Image credit: Alex E. Proimos, used under Creative Commons license.

Whether we're talking about the economics of happiness, exploring living simply as an alternative American dream, or worrying about the potential impact of peak oil on the Global economy, more and more people seem attuned to the idea that the growth-at-all-costs model of economic development is not as robust as it once appeared. But what are the alternatives? If we abandon the idea of ever rising GDP, does that mean we need to turn our back on material prosperity and well-being too? Thankfully, some forward thinking economists are grappling with just these questions. What would a no-growth economy actually look like?

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