How would a steady state economy work?

Subject: How would a steady state economy work? Sun Aug 01, 2010 10:02 pm

Real GDP, that is GDP adjusted for inflation, would not grow or shrink significantly from year to year.

To achieve this, the value of goods produced can increase, through, say, technological change, but the resources used to increase the value must stabilise at a sustainable level.

Scientists would calculate sustainable levels of resource consumption, economists would establish systems to meet those levels.

Economic levers would include cap-and-trade systems, resources would be taxed as they were extracted and income taxes reduced. A carbon tax would be introduced.

Single-use products would disappear, as would short-lived tech products. Public transport is increased, air travel is heavily restricted.

Expensive consumer items are leased and their owners responsible for recycling or reusing their raw materials.

Those on lower incomes would be subsidised to compensate for the higher cost of products and services. The range of incomes would be shrunk to "reward contributions" rather than "multiplying privilege".

Incomes are lower but working hours are reduced.

The credit/debt system is phased out; consumers and investors must save.

Population growth is retarded; the average age increases.

SOURCES: CENTRE FOR THE ADVANCEMENT OF THE STEADY STATE ECONOMY, THE ECONOMIST.

HOLY MOTHER OF GOD!

Oh man

How would a steady state economy work?

How would a steady state economy work?

Anarcho-Capitalist Categorical Imperatives

AnCaps' Laissez-faire Free Trade Zone