Economic growth, with all of its downsides, is clearly unsustainable in the 21st century. Long-term recession is no panacea either. A steady state economy is the sustainable alternative to perpetual economic growth.
Economic growth was never a magic bullet; it is simply an increase in the production and consumption of goods and services–it can’t possibly lead to a sustainable outcome. In contrast, the steady state economy provides the means for present and future generations to achieve a high quality of life.
ecology economics limits to economic growth policy population control sustainability