Contributors: Gran, Christoph (Universität Oldenburg)
Christoph Gran, Jahrgang 1976, studierte in Bayreuth, Hamburg und Heidelberg Wirtschaftswissenschaft. Er ist Mitglied im AK Real-World-Economics, der Vereinigung für Ökologische Ökonomik sowie im Netzwerk Plurale Ökonomik. Seit 2011 promoviert er zur Makroökonomik einer Wirtschaft ohne Wachstum.
Scientific paper contribution: LOW GROW for Germany: modelling the macroeconomics of degrowth
Abstract: The current structure of both the German economy and its social security systems is highly dependent on further economic growth. There are three reasons why it seems adequate to change this perspective and leave the growth path. (1) The ecological perspective: rising ecological damages combined with the fact that the needed decoupling of economic activity and ecological impact is not in sight. (2) The prosperity argument: as research shows, GDP is not an adequate indicator for measuring prosperity and must therefore be abandoned. (3) The stability argument: in the last decades the growth rates for Germany have been converging to zero. When using main macroeconomic indicators like unemployment or public debts the absence of high growth rates is highly problematic and urges strategies independent of growth. This present paper introduces a macroeconomic model of the German economy built on Peter Victor's LOW GROW model. Victor's concept provides a contribution to the macroeconomics of degrowth, exploring under which conditions a stable social and economic development within ecological limits is possible.