Centre for the Advancement of the Steady State Economy CASSE

A steady state economy is about better lives rather than more stuff – Linked with Global Development and Environment Institute GDAE.

  • The mission of CASSE is to advance the steady state economy, with stabilized population and consumption, as a policy goal with widespread public support. We pursue this mission by:
  • educating citizens, organizations, and policy makers on the conflict between economic growth and (1) environmental protection, (2) ecological and economic sustainability, and (3) national security and international stability;
  • promoting the steady state economy as a desirable alternative to economic growth;
  • studying the means to establish a steady state economy
  • … (full text).

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Address: CASSE, 5101 S. 11th Street, Arlington, VA 22204, USA;
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Definition: A steady state economy is an economy with stable or mildly fluctuating size. The term typically refers to a national economy, but it can also be applied to a local, regional, or global economy.

An economy can reach a steady state after a period of growth or after a period of downsizing or degrowth. To be sustainable, a steady state economy may not exceed ecological limits.

Herman Daly, one of the founders of the field of ecological economics and a leading critic of neoclassical growth theory, defines a steady state economy as:

An economy with constant stocks of people and artifacts, maintained at some desired, sufficient levels by low rates of maintenance ‘throughput’, that is, by the lowest feasible flows of matter and energy from the first stage of production to the last stage of consumption.

Daly, Herman. 1991. Steady-State Economics, 2nd edition. Island Press, Washington, DC. p.17.
A steady state economy, therefore, aims for stable or mildly fluctuating levels in population and consumption of energy and materials. Birth rates equal death rates, and production rates equal depreciation rates.

History of the Steady State Concept: … (full long text).

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