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Turning point: the end of the growth paradigm

Author: Ayres, Robert U. INSEAD Area: Economics and Political Science Series: Working Paper ; 96/49/EPS Publisher: Fontainebleau : INSEAD, 1996.Language: EnglishDescription: 26 p.Type of document: INSEAD Working Paper Online Access: Click here Abstract: The tile of this paper is obvioulsy intended to raise questions. What does the author mean by "the end of the growth paradigm" ? Is the paper about the end of growth? Is it about "limits to growth" ? It is saying the small is beautiful? Or is it, perhaps, about economic theory? Probably some reades will assume that this is another nea-Malthusian anti-growth tract. It is not. Quite on the contrary, the author believes that economic growth is both possible and important. Indeed, economic growth is necessary for social and political reasons if no other. It is very well to consider the nature of a hypothetical "no growth" or "steady state" society, and some of the implications of such a society. But, to understand the implications of "no-growth" is the author's purpose either...
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The tile of this paper is obvioulsy intended to raise questions. What does the author mean by "the end of the growth paradigm" ? Is the paper about the end of growth? Is it about "limits to growth" ? It is saying the small is beautiful? Or is it, perhaps, about economic theory? Probably some reades will assume that this is another nea-Malthusian anti-growth tract. It is not. Quite on the contrary, the author believes that economic growth is both possible and important. Indeed, economic growth is necessary for social and political reasons if no other. It is very well to consider the nature of a hypothetical "no growth" or "steady state" society, and some of the implications of such a society. But, to understand the implications of "no-growth" is the author's purpose either...

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