Contributors: Richters, Oliver (NEWW, VÖÖ)
geb. 1986, Physiker. Mitgründer des Netzwerks Wachstumswende, seit 2012 Mitglied der Wissenschaftlichen Arbeitsgruppe Nachhaltiges Geld und Vorsitzender der Vereinigung für Ökologische Ökonomie (VÖÖ). Derzeit am Institut für Chemie und Biologie des Meeres in Oldenburg.
Scientific paper contribution: Theoretical considerations on growth imperatives in a monetary economy
The paper is co-authored by Ferdinand Wenzlaff, Christian Kimmich
Abstract: If an ongoing growth is considered impossible or undesirable, the growth dependence of man-made structures such as social security systems have to be carefully revised. In the post-growth debate, the monetary system based on credit money combined with positive interest rates is often criticized and accused of causing a growth imperative. The contribution refutes this oversimplified interrelation, but provides an insight into the critical points of a non-growing monetary economy and should help to identify policy options how these destabilising effects could be overcome in order to achieve an economically sustainable degrowth. It additionally challenges existing proposals for enabling a degrowing monetary economy by implementing debt- or interest-free money.