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Topic: Uneconomic growth


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In the News (Mon 6 Oct 08)

  
 [No title]
Uneconomic growth, in welfare economics, human development theory and some forms of ecological economics, is economic growth which reflects or creates a decline in human well-being.
As part of the analysis that led to the creation of human development theory out of the older fields of welfare economics and ecological economics, in the 1990s, it was claimed that well-being in all developed nations peaked in the period 1979-1982, and had been declining (although GNP and GDP had been growing) since.
Whether growth has caused harms of its own, they say, is not the same question as whether the growth itself is human activity seeking an increase in their well-being.
www.informationclub.com /encyclopedia/u/un/uneconomic_growth.html   (712 words)

  
 Sustainability • Hubbert Peak of Oil Production
Growth in physical throughput will become uneconomic long before it becomes physically impossible, in the sense that the extra environmental costs provoked by growth will be greater than the extra production benefits provided by growth.
Growth beyond the optimal scale is in reality uneconomic growth, even if we continue to call it economic growth.
The idea of sustainable development is to avoid uneconomic growth, and to move the path of progress from quantitative expansion to qualitative improvement.
www.hubbertpeak.com /sustainability   (578 words)

  
  Uneconomic growth - Education - Information - Educational Resources - Encyclopedia - Music
Uneconomic growth, in welfare economics, human development theory and some forms of ecological economics, is economic growth which reflects or creates a decline in human well-being.
Whether growth has caused harms of its own, they say, is not the same question as whether the growth itself is human activity seeking an increase in their well-being.
The question of economic versus uneconomic growth is, as this example shows, hopelessly 'political' in that it cannot be separated from the basic beliefs about market systems that different factions have.
www.music.us /education/U/Uneconomic-growth.htm   (985 words)

  
  Uneconomic growth: Definition and Links by Encyclopedian.com
Uneconomic growth, in welfare economics[?], human development theory and some forms of ecological economics, is economic growth which reflects or creates a decline in human well-being.
As part of the analysis that led to the creation of human development theory out of the older fields of welfare economics[?] and ecological economics, in the 1990s, it was claimed that well-being in all developed nations peaked in the period 1979-1982, and had been declining (although GNP and GDP had been growing) since.
The question of economic versus uneconomic growth is, as this example shows, hopelessly 'political' in that it cannot be separated from the basic beliefs about market systems that different factions have.
www.encyclopedian.com /un/Uneconomic-growth.html   (748 words)

  
 NationMaster - Encyclopedia: Uneconomic growth
Uneconomic growth often reflects poorly-developed or poorly-planned growth, rather than growth that is bad in and of itself.
Note that the hypothetical surge in automobiles might be 'uneconomic growth' from a global perspective, but 'good economic growth' from those countries' perspective (an example of an externality).
uneconomic growth, and Green parties which argue that economies are part of a global society and a global ecology and cannot outstrip their natural growth without damaging them.
www.nationmaster.com /encyclopedia/Uneconomic-growth   (1990 words)

  
 Right Livelihood Award: Speech Daly
Growth in GNP is so favored by economists that they call it "economic" growth, thus ruling out by terminological baptism the very possibility of "uneconomic" growth in GNP.
One might accept the theoretical possibility of uneconomic growth, but argue that it is irrelevant for practical purposes since, it could be alleged, we are nowhere near the optimal scale.
Subsystem growth is ultimately limited by the size of the total system, even under neo-classical assumptions of easy substitution of manmade for natural capital.
www.rightlivelihood.org /daly_speech.html   (1640 words)

  
 Earth Rights Institute - Sustainable Development: Definitions, Principles, Policies
Even if growth entailed no environmental costs, part of what we mean by poverty and welfare is a function of relative rather than absolute income, that is, of social conditions of distributive inequality.
While growth in rich countries might be uneconomic, growth in poor countries where GDP consists largely of food, clothing, and shelter, is still very likely to be economic.
The obvious solution of restraining uneconomic growth for rich countries to give opportunity for further economic growth, at least temporarily, in poor countries, is ruled out by the ideology of globalization, which can only advocate global growth.
www.earthrights.net /docs/daly.html   (6099 words)

  
 GDAE
We are assured that a rising tide lifts all boats, that the benefits of aggregate growth will eventually trickle down to the poor, and that increasing inequality is unimportant as long as the poor are experiencing growth in their absolute incomes.
Growth, both economic and uneconomic, seems to have increased the consumption of the present rich at the expense of:
One might object that growth in rich countries might be "uneconomic", growth in poor countries where GDP consists largely of food, clothing, and shelter, is still very likely to be "economic".
www.ase.tufts.edu /gdae/about_us/leontief/daly_remarks.html   (2658 words)

  
 Economic growth
Explaining economic growth is one of the central questions in economics.
Growth in output can be divided into two major categories: growth through increases in input (eg.
in human development theory from which comes the idea of uneconomic growth, and Green parties which argue that economies are part of a global society and a global ecology, and cannot outstrip their natural growth without damaging them.
www.fastload.org /ec/Economic_growth.html   (633 words)

  
 Kids.Net.Au - Encyclopedia > Accounting reform
It seems unlikely that most advocates of reform have the stamina to do so, nor the background required to debate each issue with economists or accountants that build their careers on the detailed extension and improvement of standards that already exist.
This is perhaps the most obvious and widely-held critique of current national accounting and economic growth reporting systems - the creators of the GNP and GDP measures themselves advise against its use as a single measure of economic growth - but politicians and press typically do so without caveat nor apology.
Not only do most businesses raise capital based on numbers derived from current standards, here are extensive lobbying efforts by the accounting industry to keep those standards roughly as they are: complex, loopholed, and unable to be applied or audited easily by laymen.
www.kids.net.au /encyclopedia-wiki/ac/Accounting_reform?title=Activity-based_costing   (587 words)

  
 Uneconomic growth - Free net encyclopedia   (Site not responding. Last check: )
Scientific American uses the definition “Uneconomic growth occurs when increases in production come at an expense in resources and well-being that is worth more than the items made.” (Economics in a Full World, September 2005 issue) which comes from Daly.
Uneconomic growth often reflects poorly developed or poorly planned growth, rather than growth that is bad in and of its self.
For example if one assumes that Atlantic hurricanes and Pacific typhoons have intensified in recent years due to global warming, then a rapid surge in automobile ownership in China, Brazil, and India could be seen as uneconomic growth.
www.netipedia.com /index.php/Uneconomic_growth   (676 words)

  
 Clemens Lecture Series — CSB/SJU
Uneconomic Growth: in Theory, in Fact, in History and in Relation to Globalization
Growth is uneconomic when it increases environmental and social costs by more than it increases production benefits.
Within the neoclassical paradigm uneconomic growth appears anomalous, although it is theoretically possible.
www.csbsju.edu /clemens/lecture/daly.htm   (108 words)

  
 9% GROWTH party
The 9% Growth Party is pleased to see that the President of the World Federation of Scientists Antonio Zichichi, discoverer of nuclear anti-matter has stated that he is not convinced that global warming is caused by the increase of emissions of "greenhouse gases" produced through human activity.
Instead of the previous concentration on a 4% growth rate we are now told that we should expect a growth rate equal to or better than the UK average (2.5%), up 1% from the abysmal performance of the previous Executive (1.5%).
One of the 9% Growth parties policies is not to knock down once politically correct but now incorrect blocks of flats & that if that is the only option the GHA have then it would be better to give them away to their occupants.
9percentgrowth.blogspot.com   (10958 words)

  
 Climate Change 2001: Mitigation
This literature describes situations in which GNP growth continues without a corresponding increase in human welfare as “overdevelopment” or “uneconomic growth” (Daly, 1997).
For developing countries, however, the research suggests that this decoupling perspective may start from the insight that non-monetary assets (in terms of natural resources, just as in terms of community networks) need to be protected and enhanced to improve the livelihoods of the poorer and less powerful sections of society.
Structures, patterns, and rates of economic growth may have to be shaped in such a way that these non-monetary assets are not diminished, but increased.
www.grida.no /climate/ipcc_tar/wg3/063.htm   (1893 words)

  
 Sustainable Economics
According to Herman E. Daly, professor in the School of Public Policy at the University of Maryland, uneconomic growth arises from an undesirable balance of qualities known as utility and disutility.
In his book, Beyond Growth, he argues that natural capital is not valued and therefore not addressed in economic analyses such as reports on the Gross National Product, a commonly used indicator of a nation's economic success.
Yet uneconomic growth is the reality that these boats are useless if there are no fish to catch.
www.galtglobalreview.com /business/sustainable_economics.htm   (953 words)

  
 Steady-State Economics, by Herman Daly
Growth requires technical progress and technical progress alters the composition of the labor force, making more places for educated workers and fewer for uneducated, but opportunities to acquire qualifications are kept (with a few exceptions for exceptional talents) for those families who have them already [Robinson, 1972, p.
The idea of economic growth overcoming physical limits by angelizing GNP is equivalent to overcoming physical limits to population growth by reducing the through put intensity or metabolism of human beings.
The intergenerational costs of growth are not at all clear, but as time goes on it would seem that the negative bequest of accelerated entropy increase would weigh increasingly heavily since low entropy is the ultimate means upon which all technologies depend.
dieoff.org /page88.htm   (9632 words)

  
 Steady-State Economics, by Herman Daly
Growth requires technical progress and technical progress alters the composition of the labor force, making more places for educated workers and fewer for uneducated, but opportunities to acquire qualifications are kept (with a few exceptions for exceptional talents) for those families who have them already [Robinson, 1972, p.
The idea of economic growth overcoming physical limits by angelizing GNP is equivalent to overcoming physical limits to population growth by reducing the through put intensity or metabolism of human beings.
The intergenerational costs of growth are not at all clear, but as time goes on it would seem that the negative bequest of accelerated entropy increase would weigh increasingly heavily since low entropy is the ultimate means upon which all technologies depend.
www.combusem.com /DALY.HTM   (9632 words)

  
 Economics in a Full World   (Site not responding. Last check: )
Growth is widely thought to be the panacea for all the major economic ills of the modern world.
Just push economic growth and rely on the resulting demographic transition to reduce birth rates, as it did in the industrial nations during the 20th century.
Once we pass the optimal scale, growth becomes stupid in the short run and impossible to maintain in the long run.
www.sciamdigital.com /index.cfm?fa=Products.ViewIssuePreview&ARTICLEID_CHAR=A237D5B5-2B35-221B-6044904F1DD1E9A3   (297 words)

  
 Indiantelevision.com > Media, Advertising & Marketing Watch > IBF sugggests input cost inflation surcharge to ...
MUMBAI: The Indian Broadcasting Foundation has unanimously chosen to recommend implementation of a blanket 25 per cent input cost inflation surcharge on all rates that are currently in force by its member broadcasters with all their customer accounts across the country to partially offset the impact of the cost inflation.
The decision was taken by the IBF in view of uneconomic advertising rates in the Indian television industry.
Following the meeting held to discuss and determine an appropriate approach to stem and offset the impact of the cost inflation, an advisory is being issued by the IBF Secretariat to its entire membership.
www.indiantelevision.com /mam/headlines/y2k7/oct/octmam27.php   (253 words)

  
 Fundamental Analysis
Uneconomic or obsolete property or capitalized software which doesn't work or has been outflanked by competition should be written off.
Top line revenue growth that is much lower than bottom line growth can be a source of future problems.
The ideal is to find investments that grow at high, but consistent levels, that trade at a P/E discount to their growth, the market, and their industry and where there is no reason for concern about their accounting.
www.uoutperform.com /New_Folder/fundamental_analysis.htm   (3679 words)

  
 SER 1999 - The Economics Symposium
Growth is the common answer to all three problems given by modern economists.
Consequently, one must persevere in growth because even though it initially is bad for the environment, it will later be good for the environment once the hump of the inverted U is passed.
He concluded that we (economists) avoid the issue of uneconomic growth in order to prevent the need to come up with new solutions.
www.tcd.ie /Economics/SER/archive/1999/SYMPO.HTM   (791 words)

  
 Herman E. Daly, "The Illth of Nations and the Fecklessness of Policy: An Ecological Economist's Perspective", ...
The correlation between throughput growth and GDP growth is sufficiently strong historically so that in the absence of countervailing policies even GDP growth frequently increases illth faster than wealth.
What we conventionally call "economic growth" in the sense of "growth of the economy" has ironically become "uneconomic growth" in the literal sense of growth that increases costs by more than it increases benefits.
Beyond that point growth becomes uneconomic in the literal sense of costing more than it is worth.
www.paecon.net /PAEReview/issue22/Daly22.htm   (2514 words)

  
 Uneconomic growth
Unlike GDP it is claimed by its advocates to more reliably distinguish uneconomic growth - almost all advocates of a GDP would accept that some economic growth is very harmful.
What we conventionally call "economic growth" in the sense of "growth of the economy" has ironically become "uneconomic growth" in...
The idea of sustainable development is to avoid uneconomic growth, and to move the path...
www.logicjungle.com /wiki/Uneconomic_growth   (346 words)

  
 Environment and the Psychology of Behavior: Environmentalism Present
Putting 6.5 billion in with a 1.3 % growth rate for the next 20 years yields a population of 8.4 billion, and a 0.8 % growth rate for the twenty years after that would yield a population in 2045 of almost 9.9 billion people.
The 1960’s growth rate of 2% that McCaughey and others lament declining is something quite different, but it is often confused (deliberately?) with the magic fertility number of 2.
Growth for the sake of growth is the ideology of the cancer cell.
environmentalpsych.blogspot.com /2007/01/environmentalism-present.html   (12868 words)

  
 中国发展研究基金会2005高层论坛   (Site not responding. Last check: )
Beyond some point growth in production and population will begin to increase social and environmental costs faster than it increases production benefits, thereby ushering in an era of uneconomic growth―growth that on balance makes us poorer rather than richer, that increases “illth” faster than wealth, and that is likely to be ecologically unsustainable.
Let’s take the easy ones first―continual growth in physical throughput in a finite, nongrowing, and entropic world is impossible, and beyond some point throughput growth becomes the main reason for environmental unsustainability by overwhelming environmental source and sink capacities.
Welfare growth with constant throughput is all to the good and would help us bear the burden of limiting throughput to a sustainable level.
www.cdrf.org.cn /2005web/hotnews/050517_wenzhang.htm   (1661 words)

  
 Spartanburg SC | GoUpstate.com | Spartanburg Herald-Journal   (Site not responding. Last check: )
Productivism is the belief that measurable economic productivity and growth is the purpose of human organization (e.g., work), and that "more production is necessarily good".
According to those who use the term 'productivism', the difference between themselves and the promoters of conventional neoclassical economics is that a productivist does not believe in the idea of "uneconomic growth", i.e.
His theory of "development as freedom" is one of several human development theories, that states that the growth of individual capital, that is, "talent", "creativity" and "personal ingenuity", is more significant than the growth of many other measurable quantities, e.g.
www.goupstate.com /apps/pbcs.dll/section?category=NEWS&template=wiki&text=productivism   (258 words)

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