Jackson Ppt

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Prosperity without GrowthTim Jackson

26th May 2010



Rockstrom et al,

Nature 461, Sept



The Dilemma of Growth

Life Expectancy at Birth

• Growth is unsustainable

IcelandJa an

90

• e-grow s uns a e

NorwayIreland

United StatesUnited Kingdom

ew ea anMaltaChile

Bahrain

Costa RicaCuba

China

80

( y e a r s )

GDP = Labour x LPRussian Federation

Gabon

India

60 c y

a t b i r

t

South Africa

Botswana

Mozambique

50

e

x p e c t a

Swaziland40 L

i f

0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000

GDP per capita (PPP $2005)



The Dilemma of Growth

Source: Prosper ity wi thout grow th , Tim Jackson (London, Earthscan 2009)

x 130 improvement

CO2/$ < zero by 2100?O2/$ < zero by 2100?



• shareholder value

Firms

IncomeInvestment Novelty

Spending

Increasingproductivity

Price

Households

• status consumption• a life without shame

Credit



• Society is locked into an ‘iron cage’ through two

mu ua y re n orc ng ynam cs: econom c

structure and 2) social logic: economic growth is

served by these dynamics, but wellbeing is not

• Government itself is conflicted: its role in

rotectin macro-economic stabilit contrasts with

09/06/2010 its role in defending other social goods.



• Another prosperity• Another economics

• Another social logic

09/06/2010



Green technology Service-based

Ecolo ical Investment Ecolo ical Enter rise

• investment targets

• investment ‘ecolo ’

• low carbon/resource light

• service-based• productivity /profitability

•

• contribute to flourishing

•

• role of public sector

• support communities



, , ,

onsump onGovt spending G

ro uc v y α

Labour L

Net export X

Resources R



Productivity growth in Europe 1985 - 2005

Ecological Enterprise

Low-carbon, resource efficienteconom c act v t es t at prov e

employment, support communities

and contribute to human

flourishing



Investment• ecological investment

– investment targets

– investment ecology – role of public sector

• productivity revisited‒ s ar ng wor

‒ creating jobs

‒

Ecological limits



Consumptivity Δ(CO2/$)

High-end

jobs

Financial

servicesTechnology

Manufact

-uringServices

Social

enterprise

Unpaid

labour Leisure

Productivity Δ($/job)

High-end

jobs

Financial

servicesClean Tech

Resource

Manage-

ment

Green servicesSocial

enterprise

Volunt-

eering

Eco-

leisure



Ecological Investment Ecological Enterprise

• ecological assets

• support communities

• •



Economics for a

Ecosystems

Ecological

Ecolo ical

servicesproductivity

enterprise

Participation Capabilities

improved

flourishing

eop e



Ecolo ical Footste s

Fix the economics

ange e soc a og c



Ecolo ical Footste s

Establ ish the Lim its .

2. Fiscal Reform for Sustainability

3. Promoting Technology Transfer and Ecosystem Protection

Fix the Econom ics -

5. Investing in jobs, assets and infrastructures6. Increasing financial and fiscal prudence

.

Change the social log ic 8. Sharing the work and improving the work-life balance

9. Tackling systemic inequality

10 Measuring capabilities and flourishing

11 Strengthening human and social capital

12 Reversing the culture of consumerism



Stability without growth

The role of investmentEmployment and productivity

Public sector sustainability

Consumptivity



‘ ’

free to imagine other models,another future, another world. It

’

President Sarkozy, September 2009

http://www.earthscan.co.uk/pwg

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