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Green New Deal: A Green Way out of the Crisis?

Author

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  • Asici, Ahmet Atil
  • Bunul, Zeynep

Abstract

The multi-dimensional nature of the current crisis requires a holistic approach in addressing economical, social and ecological problems. Following the crisis, several organizations started to publish reports on a concept called Green New Deal with reference to the New Deal policies of the 1930s in USA. Since then the concept started to gain increasing popularity among the public. On the other hand, it fueled a heated discussion between its supporters and ecosocialists. The aim of this paper is to highlight the points at which GND supporters and ecosocialists converge and diverge, and discuss critically the transformative capacity of different GND proposals. We conclude that GND policies can help to set the stage for the transformation long sought by ecosocialist agenda, and hence from this perspective, these two approaches can be seen as complementary rather than substitutes.

Suggested Citation

  • Asici, Ahmet Atil & Bunul, Zeynep, 2012. "Green New Deal: A Green Way out of the Crisis?," MPRA Paper 49553, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:49553
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    File URL: https://mpra.ub.uni-muenchen.de/49553/1/MPRA_paper_49553.pdf
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    References listed on IDEAS

    as
    1. van den Bergh, Jeroen C.J.M., 2011. "Environment versus growth -- A criticism of "degrowth" and a plea for "a-growth"," Ecological Economics, Elsevier, vol. 70(5), pages 881-890, March.
    2. James Crotty, 2009. "Structural causes of the global financial crisis: a critical assessment of the 'new financial architecture'," Cambridge Journal of Economics, Oxford University Press, vol. 33(4), pages 563-580, July.
    3. Nicholas Stern, 2008. "The Economics of Climate Change," American Economic Review, American Economic Association, vol. 98(2), pages 1-37, May.
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    Cited by:

    1. 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.

    More about this item

    Keywords

    Green New Deal; Ecosocialism; Triple crisis; Comparative Analysis;

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • P50 - Economic Systems - - Comparative Economic Systems - - - General

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