Since the onset of the pandemic, the concept of degrowth has experienced a steady rise in popularity. But this idea is not new and has existed at least since the beginning of the 2000s. So, what has made it resurface today? And, most importantly: what does it mean? This talk will present the concept of degrowth and its implications in terms of economic organisation.

Degrowth is the planned and democratic reduction of production and consumption in rich countries to reduce environmental pressures and inequalities while improving wellbeing. Based on his dissertation ‘The Political Economy of Degrowth’ (2019), Timothée Parrique will retrace the history of this controversial idea and discuss where it fits in today’s ideological landscape.

The talk will clarify common misunderstandings around the term, often associated with recession, austerity, asceticism, and authoritarianism. It will also ponder on important questions concerning the economics of degrowth: Is degrowth compatible with capitalism? Does degrowth mean the end of innovation? Can we eradicate poverty, reduce inequality, and create jobs without growth? Is economic growth necessary to maintain or improve wellbeing?

The talk will also discuss the question of how, detailing a few policy proposals that are currently being discussed in degrowth literature. From job guarantees to wealth taxes, and resource use quotas to free public transport, Timothée Parrique will make the case that degrowth is not only necessary but feasible.