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Examples
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Unionized -- non-growing: protection of Labor wages and benefits, maintenance of industry standards; downside: loss of recapitalization rates, loss of Profits, and higher Product pricing.
Productivity vs. Distribution, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Take Japan: It has debt in the hands of its citizens amounting to an improbable 225% of its non-growing GDP, at a time when an aging citizenry will be wanting to cash out its savings to support its retirement, including workers and business owners now prematurely retired by the recent earthquake and tsunami.
The Inflation Solution? Jr. Holman W. Jenkins 2011
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But it doesn't take a lot of imagination to consider that with a non-growing pie, people are more likely to turn on each other.
Eat your vegetables 2010
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We have to go back to John Stuart Mill and the earlier Classical Economists to find serious treatment of the idea of a non-growing economy, the Stationary State.
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That leaves a non-growing or steady-state economy as the only long run alternative.
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A “mere” quintupling of the scale of the economic subsystem relative to the scale of the non-growing and containing ecosystem should by itself trigger a few questions.
Herman Daly Festschrift~ The world is in over-shoot and what to do about it 2009
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The facts are plain and incontestable: the biosphere is finite, non-growing and closed (except for the constant input of solar energy).
Herman Daly Festschrift~ The world is in over-shoot and what to do about it 2009
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Daly further elaborated on this theme with his work on "steady state economics" which elaborated the implications of acknowledging that the Earth is materially finite and non-growing, and that the economy is a subset of this finite global system.
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Continual growth in physical throughput in a finite, non-growing and entropic world is impossible.
Herman Daly Festschrift~ The world is in over-shoot and what to do about it 2009
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A long run norm of continuous growth could make sense, only if one of the three following conditions were true: if the economy were not an open subsystem of a finite and non-growing biophysical system, if the economy were growing in a non physical dimension, or if the laws of thermodynamics did not hold.
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