The conventional formula for achieving prosperity relies on the relentless pursuit of economic growth. Higher incomes will increase wellbeing and lead to a better quality of life for all. But in recent years this vision of progress as a paradise of continually rising consumption has come under serious scrutiny: not just from those who doubt its feasibility on a finite planet, or question its desirability from a human perspective, but also from those wondering where on earth economic growth is going to come from in the wake of the worst financial crisis in almost a century.
Since 2008, governments ...
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