IDEAS home Printed from https://ideas.repec.org/a/eee/ecolec/v69y2010i5p931-936.html
   My bibliography  Save this article

Facilitating the transition to a steady-state economy: Some macroeconomic fundamentals

Author

Listed:
  • Lawn, Philip

Abstract

Central government policy is based on a misguided understanding of the macroeconomics of a modern, fiat-currency economy. As the owner/issuer of a nation's currency, a central government has unlimited spending power. Moreover, taxation exists as nothing more than a means by which a central government can destroy the spending power of the private sector. In the process of outlining some of the policies required to facilitate the transition to a steady-state economy, this paper does not recommend that central governments should spend wildly and irresponsibly. To the contrary, this paper explains how a central government can use its unique spending and taxation powers in a disciplined and policy-effective manner, yet in a manner that is being largely overlooked.

Suggested Citation

  • Lawn, Philip, 2010. "Facilitating the transition to a steady-state economy: Some macroeconomic fundamentals," Ecological Economics, Elsevier, vol. 69(5), pages 931-936, March.
    • Handle: RePEc:eee:ecolec:v:69:y:2010:i:5:p:931-936
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0921-8009(10)00005-4
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rezai, Armon & Stagl, Sigrid, 2016. "Ecological Macreconomics: Introduction and Review," Ecological Economic Papers 9, WU Vienna University of Economics and Business.
    2. Svartzman, Romain & Dron, Dominique & Espagne, Etienne, 2019. "From ecological macroeconomics to a theory of endogenous money for a finite planet," Ecological Economics, Elsevier, vol. 162(C), pages 108-120.
    3. Pirgmaier, Elke, 2017. "The Neoclassical Trojan Horse of Steady-State Economics," Ecological Economics, Elsevier, vol. 133(C), pages 52-61.
    4. Fabio Boschetti & Elizabeth A. Fulton & Nicola J. Grigg, 2014. "Citizens’ Views of Australia’s Future to 2050," Sustainability, MDPI, vol. 7(1), pages 1-26, December.
    5. Hardt, Lukas & O'Neill, Daniel W., 2017. "Ecological Macroeconomic Models: Assessing Current Developments," Ecological Economics, Elsevier, vol. 134(C), pages 198-211.
    6. Urhammer, Emil & Røpke, Inge, 2013. "Macroeconomic narratives in a world of crises: An analysis of stories about solving the system crisis," Ecological Economics, Elsevier, vol. 96(C), pages 62-70.
    7. Olk, Christopher & Schneider, Colleen & Hickel, Jason, 2023. "How to pay for saving the world: Modern Monetary Theory for a degrowth transition," LSE Research Online Documents on Economics 120343, London School of Economics and Political Science, LSE Library.
    8. Dittmer, Kristofer, 2015. "100 percent reserve banking: A critical review of green perspectives," Ecological Economics, Elsevier, vol. 109(C), pages 9-16.
    9. Joe Ament, 2019. "Toward an Ecological Monetary Theory," Sustainability, MDPI, vol. 11(3), pages 1-20, February.
    10. Ament, Joe, 2020. "An ecological monetary theory," Ecological Economics, Elsevier, vol. 171(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolec:v:69:y:2010:i:5:p:931-936. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolecon .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.