Does income inequality cause decreased economic growth?

Environmental Economics

' One of Reich's basic premises in Inequality for All is that income inequality causes decreased economic growth.  then we should see a negative correlation between measures of income inequality and income growth.  Gini coefficient and GDP growth

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Five myths about economic growth

Green (Living) Review

Love it – there are so few organisations pointing out the insanity of the quest for perpetual growth (image: [link] ). It’s economic To be economic, something has to be worth more than it costs. Economic activity, per se, is more beneficial than detrimental.

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Fake economic growth

Green (Living) Review

In the economic statistics, however, those cars show up as sales of new vehicles and thus create a fake economic growth and also a fake GDP for the countries where those cars have been made and registered. As it also does not make economic sense this is just weirder than weird.

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Renewable energy will not support economic growth

Green (Living) Review

by Michael Smith (Veshengro) Renewable energy will not and cannot support perpetual economic growth, the way we have been doing it for so long, for too long, in fact.

The madness of perpetual growth on a finite planet

Green (Living) Review

by Michael Smith (Veshengro) It is amazing how many, apparently same, people believe that you can have infinite perpetual economic growth on a finite Planet such as ours. economic growth economics expansion green living growth politics

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Common Resources: Economic Growth and Carbon Taxes

Environmental Economics

Ray Kopp:  I believe it’s time to end the discussion of the impact a carbon tax would have on US economic growth. A new study by scholars at RFF shows that a substantial, broad-based, revenue-neutral tax on carbon dioxide emissions would have imperceptible effects on macroeconomic growth as measured by GDP. My hunch was right, at least in the RFF-modeled-the-effect-and-supported-my-assertion kind of right, and you know I like to be right.

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‘Limits to Growth’ vindicated: World headed towards economic, environmental collapse

Green (Living) Review

Researchers from the Melbourne Sustainable Society Institute (MSSI) at the University of Melbourne used data from the last 40 years to compare to predictions made by the authors of the 1972 book “ Limits to Growth.” They plotted the data alongside the ‘Limits to Growth’ scenarios.

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The fairytale of green economic growth

Green (Living) Review

by Michael Smith (Veshengro) Politicians, industry and media are telling us for decades the fairytale of green economic growth and sustainable consumption and many believe in this myth all to eagerly. All in the name of “economic growth” and now we are being presented with the fairytale of “green economic growth” as the greatest thing since sliced bread (not that sliced bread is actually such a great thing).

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The End of Growth

Green (Living) Review

by Michael Smith (Veshengro) “We do not have enough growth in the economy. For that statement, I suggest, we read: “We must have more growth so that capital can make more profits and screw the Planet and its inhabitants.” Perpetual growth, as is being advocated by our governments and the business lobby, however, is not, never was, and never will be, something that can ever work on a finite Planet such as is the Earth, and it is not, never was, and never can be, sustainable.

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What’s More Important… Economic Growth or Sustainability?

Green (Living) Review

Think about the challenges the planet earth and all of its inhabitants have faced since the growth of modern human civilization. With economic growth comes destruction of one world and the development of another. What’s more important… Economic Growth or Sustainability ?

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"Misleading Talk about Decoupling CO2 Emissions and Economic Growth"

Environmental Economics

Is it the steady state ecological economists ("We should encourage our public bodies, to adopt an economic policy that rejects the endless pursuit of aggregate growth") or the folks who that that a technological solution exists such that GDP increases and CO2 emissions goes down?   In this case, economic growth might be accompanied by no change in CO 2 emissions.    In this case, economic growth might be accompanied by reduced CO 2 emissions. 

Thirsty Thursday beer post: the effect of beer consumption on economic growth

Environmental Economics

Resul Cesur and Inas Rashad Kelly in Economic Inquiry : Few studies explore the linkages between health behaviors and macroeconomic outcomes. This study uses 1971–2007 state-level data from the United States to estimate the impact of beer consumption on economic growth. We document that beer consumption has negative effects on economic growth measures once the endogeneity of beer consumption is addressed. Yes, beer does make Homer less productive.

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Climate after Growth – Book Review

Green (Living) Review

The authors drive a coach and horses through the notion of the possibility of the continuation of the perpetual growth economy and also throw some rather large spanners – wrenches, to our American cousins – into the works of those in the “green” movement who believe in the idea of “green growth”.

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Clean tech is better for economic growth than fossil fuels (take that, Big Oil!)

Green (Living) Review

Anti-greens often try to make economic arguments against the big spring-cleaning that our civilization is going through. How dare we invest in clean technology ? Don''t we know that it''s bad for the economy! That all these green things will always be expensive, etc, etc.

Sustainable Economic Growth and a finite Planet

Green (Living) Review

by Michael Smith (Veshengro) Considering that the Earth is finite, it can't grow, and so are all of her mineral resources, which don't regrow either, talking about sustainable and growth in the same breath is an oxymoron and a fallacy. Sustainable economic growth is not possible as more and more growth is NOT sustainable regardless of what the powers that be try to claim. A finite Planet means that sustainable economic growth cannot be.

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When Can Sustainability Drive Business Growth?

Nature Conservancy - Science

Sustainability and business growth don’t usually get talked about together. But an increasing number of businesses see sustainability as a key to generating value in the face of social, economic, and environmental change. Building the Evidence for When Sustainability Can Drive Growth.

Leading Commercial Agency MOT Models predicts UK Economic Growth Slowing at Year End

Green (Living) Review

by Michael Smith (Veshengro) UK economic growth will have slowed down to a rate of somewhere between 1.5 At the end of Q1, we predicted a 2.5-3% growth in the UK economy in 2014. In February 2013, the MOT analysis indicated a growth for the nation’s economy of between 2.5

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Do "neoclassical economists regard population growth as necessary for per capita growth in gross domestic product over the long term"?

Environmental Economics

Bob Hughes, American Fisheries Society president writes : "Population growth is a component of economic growth, determining it's natural rate (Harrod 1939). In addition, neoclassical economists regard population growth as necessary for per capita growth in gross domestic product over the long term (Romer 1990; Jones 1998). knowledge, education) is necessary for economic growth but population is not (here is the pdf ).

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Ecological Conference in Istanbul Questions Wisdom of Rapid Economic Growth

Green Prophet

Today is the last day of the 9th International Conference of the European Society for Ecological Economics, which was held in Istanbul this year. A recurring theme at the conference was the true cost of economic growth.

Paul Krugman and The Tortoise: Why the Limits to Growth Are Real

Green (Living) Review

Paul Krugman seems to have created some kind of a similar paradox with a recent New York Time s article (“ Slow Steaming and the Limits to Growth ”) where he sets out to demonstrate that the world''s gross domestic product (GDP) can continue growing even while reducing energy production.

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West Bank and Gaza’s Economic Growth Isn’t Sustainable

Green Prophet

USAID billboard in Ramallah graffiti-ed with words “We Don’t Need Your Aid” but according to latest World Bank report, growth in the West Bank and Gaza is dependent on aid donors. Business & Politics economic development Gaza strip sustainability US West Bank

The Conservative Bias in Economics?

Environmental Economics

Mark Thoma on "the conservative bias in economics": I have a new column: Yes, Nick Kristof, There Is a Conservative Bias in Economics : Nicholas Kristof recent reignited  the debate over liberal bias in academia with his claim that “universities risk becoming liberal echo chambers and hostile environments for conservatives.” What is needed is for public opinion to be tethered to the mainstream of economics

Wolfgang Sachs on sustainable development vs economic growth

Green Blog

German scholar Wolfgang Sachs talked about sustainable development versus economic growth in Copenhagen on invitation by The Ecological Council , The European Environment Agency and the Danish newspaper Information. Growth. Growth [.]

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How to fail economics at Harvard

Environmental Economics

Professor Emeritus at Harvard, and former chief economist at the World Bank, former Director of the National Economic Council, and former Secretary of the Treasury, Larry Summers says he might fail the Trump budget team in introductory econ : Details of President Trump’s first budget have now been released. Much can and will be said about the dire social consequences of what is in it and the ludicrously optimistic economic assumptions it embodies. 

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Qualitative Growth

The Green Changemakers

From an ecological point of view, all of this is good news, since continuing growth of such material consumption on a finite planet can only lead to catastrophe. No growth" is not the answer. Growth in nature, however, is not linear and unlimited.

Turkey’s Economic Growth Hampered By Oil Addiction, Analysts Say

Green Prophet

billion current account deficit, and will continue to hold the country back from reaching its full growth potential, according to analysts from three major financial research firms who were quoted in a recent CNBC article.

Environmental Economics: Today's description of environmental and.

Environmental Economics

Got a question about environmental economics? Recent Comments John Whitehead on What I did today instead of blogging Rene Salinas on What I did today instead of blogging Timtaylor Home on My name is Kingof Socks Tim Haab on How is economics like Fight Club?

"A naïve belief that growth will take care of environmental problems should be questioned"

Environmental Economics

The body of literature on EKCs suggests that a naïve belief that growth will take care of environmental problems should be questioned. Even if growth can address environmental problems, the cost can be significant if the time frame for abatement adoption is too slow.   A more modern economy faces a tradeoff between environmental quality and economic activity.

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Protect nature for world economic security, warns UN biodiversity chief

Green (Living) Review

Ahmed Djoghlaf says nations risk economic collapse and loss of culture if it does not protect the natural world Britain and other countries face a collapse of their economies and loss of culture if they do not protect the environment better, the world's leading champion of nature has warned.

On my reading list: "The Economic Impacts of Climate Change"

Environmental Economics

Abstract:  This article reviews the economic impacts of climate change and the policy implications of the results. Although climate change may affect the growth rate of the global economy and may trap more people in poverty, quantification of these impacts remains difficult. Richard S J Tol; The Economic Impacts of Climate Change, Review of Environmental Economics and Policy, [link

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An economic conundrum

Environmental Economics

So I read page 2 (and no more) of the NYTimes story John pointed to this morning (John read page 1) and it raises an interesting economic puzzle for environmental advocates: Simple economics suggests that if the nation is producing more energy, prices should be falling. So the question becomes, what is the value of environmental preservation relative to economic growth

Post Growth: Creating global prosperity without economic growth

The Green Changemakers

Without obligations to shareholders and with minimal dependency on donors, NFP enterprises have the freedom and ability to get their work done in a way that maximizes social, environmental and economic outcomes.

Video: President Iowa Promotes Wind Energy for Economic Growth

Wind Power Ninja

President Obama was gave a speech today on the importance of green energy opportunities as a crucial component for economic growth in rural America and described the current unemployment situation as a “silent crisis.”. Wind power was at the forefront of the speech as he delivered it at the Siemens Wind Turbine Blade Manufacturing Plant in Fort Madison, Iowa.

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Growth in electric vehicles sales central to closing emissions gap

Green (Living) Review

Looking beyond 2020, EVs and innovation in this area present a major growth opportunity not only for car manufacturers but for the energy sector as a whole.”

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Better Growth, Better Climate

The Green Changemakers

One of the most critical and urgent challenges facing countries today is achieving economic prosperity and development while also combating climate change. Website | The new climate economy Report | Better Growth, Better Climate 02 Oct 2014, pdf, 3MB Source: [link] [link].

Good Growth

The Green Changemakers

Yet policy-makers and commentators remain fixed on GDP and growth above all else. Good Growth goes a step further. It finds that wider issues such as work-life balance, health and housing are viewed by the public as critical components of good economic performance, on top of raw GDP.

Environmental Economics: Four paragraphs that explain how Libya.

Environmental Economics

Got a question about environmental economics? Recent Comments John Whitehead on What I did today instead of blogging Rene Salinas on What I did today instead of blogging Timtaylor Home on My name is Kingof Socks Tim Haab on How is economics like Fight Club?

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Marine Resource Economics Vol. 29, No. 4, December 2014

Environmental Economics

Marine Resource Economics Vol.   Marine Resource Economics December 2014, Vol.   Marine Resource Economics December 2014, Vol.   Marine Resource Economics December 2014, Vol.     The Bumpy Road of Demand Growth—An Application to Atlantic Salmon.   Marine Resource Economics December 2014, Vol.   Marine Resource Economics December 2014, Vol.   Marine Resource Economics December 2014, Vol.

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Results from the NABE Economic Policy Survey

Environmental Economics

The National Association for Business Economics is having their policy conference in DC this week. Forty-four percent of panelists think that the proposal will “hamper economic growth” through reduced consumer spending, and 40% believe that the tax will “benefit domestic oil producers over offshore producers.” You may have heard about results from the policy survey about the Fed and interest rates on NPR this morning.

The myths of sustainable consumption and sustainable growth

Green (Living) Review

by Michael Smith (Veshengro) Across the globe the concept of sustainable consumption is being touted as the way of the future, a change in lifestyle and values that promises “green growth”– economic growth that doesn’t hurt the environment. The term itself is, however, an oxymoron for it also keeps relying on the other oxymoron, that of sustainable growth. Permanent consumerism and consumption is not sustainable and there simply is no such thing as sustainable growth.

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Economic damage estimate for Hurricane Sandy

Environmental Economics

Halfway to trillion, with a T : Economic damages inflicted by Hurricane Sandy could reach $50 billion, according to new estimates that are more than double a previous forecast. Some economists warned on Thursday that the storm could shave a half percentage point off the nation’s economic growth in the current quarter. On Monday, before the storm hit the East Coast, the firm estimated $10 billion to $20 billion in total economic damages.

The Multiple Benefits of Economic Localization

Green (Living) Review

There is a good possibility that inspiring human-scale solutions around the world can multiply and transform our political and economic landscape over the coming years. Unwittingly, we have ended up supporting an "Economics of Unhappiness."

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Are We Undervaluing Nature’s Role in the World’s Growth Story?

Conservancy Talk

And it’s a solution that cannot only help solve climate change but also help transform our global growth story. But, progress hasn’t happened fast enough, and too often we’ve pitted environmental benefit at the expense of economic development.

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