Tim Jackson (University of Surrey), Peter Victor (York University), Ali Asjad Naqvi (WIFO)
Towards a Stock-Flow Consistent Ecological Macroeconomics. WWWforEurope Working Paper No. 114
WWWforEurope: Welfare, Wealth and Work for Europe, März 2016, 64 Seiten
Auftraggeber: Kammer für Arbeiter und Angestellte für Wien – Österreichische Forschungsförderungsgesellschaft mbH – Österreichische Austauschdienst-GesmbH – European Commission-Framework Programme
Studie von: Österreichisches Institut für Wirtschaftsforschung
Modern western economies (in the Euro area and elsewhere) face a number of challenges over the coming decades. Achieving full
employment, meeting climate change and other key environmental targets, and reducing inequality rank amongst the highest of
these. The conventional route to achieving these goals has been to pursue economic growth. But this route has created two
critical problems for modern economies The first is that higher growth leads (ceteris parabis) to higher environmental impact.
The second is that fragility in financial balances has accompanied relentless demand expansion.