Environment, poverty and the steady state economy

Environmental degradation and inequality of income and wealth are two major global problems at the present time. This paper suggests that a steady state economy offers solutions for both problems. It argues that if the world population is drastically reduced and remains constant at a low level ecolo...

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Main Author: Theodore Lianos
Format: Article
Language:English
Published: The White Horse Press 2019-06-01
Series:The Journal of Population and Sustainability
Subjects:
Online Access:https://www.whp-journals.co.uk/JPS/article/view/637
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author Theodore Lianos
author_facet Theodore Lianos
author_sort Theodore Lianos
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description Environmental degradation and inequality of income and wealth are two major global problems at the present time. This paper suggests that a steady state economy offers solutions for both problems. It argues that if the world population is drastically reduced and remains constant at a low level ecological balance can be achieved and, at the same time, income distribution will be greatly improved. The basis of this argument is that a smaller population will reduce the use of natural resources for production and consumption and at the same time reduce the supply of labor and thus increase wages. Also, a brief review of the idea of the steady state economy from the ancient philosophers to modern writers is provided.
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spelling doaj.art-12fc44b8a74e44d2a9ad03525afbc7cb2023-04-28T09:04:46ZengThe White Horse PressThe Journal of Population and Sustainability2398-54882398-54962019-06-013255–7855–7810.3197/jps.2019.3.2.55562Environment, poverty and the steady state economyTheodore Lianos0Athens University of Economics and BusinessEnvironmental degradation and inequality of income and wealth are two major global problems at the present time. This paper suggests that a steady state economy offers solutions for both problems. It argues that if the world population is drastically reduced and remains constant at a low level ecological balance can be achieved and, at the same time, income distribution will be greatly improved. The basis of this argument is that a smaller population will reduce the use of natural resources for production and consumption and at the same time reduce the supply of labor and thus increase wages. Also, a brief review of the idea of the steady state economy from the ancient philosophers to modern writers is provided.https://www.whp-journals.co.uk/JPS/article/view/637ecological balanceoverpopulationincome inequalitysteady state economy
spellingShingle Theodore Lianos
Environment, poverty and the steady state economy
The Journal of Population and Sustainability
ecological balance
overpopulation
income inequality
steady state economy
title Environment, poverty and the steady state economy
title_full Environment, poverty and the steady state economy
title_fullStr Environment, poverty and the steady state economy
title_full_unstemmed Environment, poverty and the steady state economy
title_short Environment, poverty and the steady state economy
title_sort environment poverty and the steady state economy
topic ecological balance
overpopulation
income inequality
steady state economy
url https://www.whp-journals.co.uk/JPS/article/view/637
work_keys_str_mv AT theodorelianos environmentpovertyandthesteadystateeconomy