Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/279382 
Authors: 
Year of Publication: 
2023
Series/Report no.: 
CESifo Working Paper No. 10631
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
The intersection of Economics and Nature has long been overlooked, but recent events have shed new light on their interconnectedness. This paper explores this relationship, focusing on the impact of economic cycles and the role of GDP as a measure of economic success. The paper highlights the historically dominant role of GDP, tracing its origins from Simon Kuznets' report in the 1930s to the present. It considers the rise of quantitative growth as a paradigm and its influence on economic policy, including the neo-liberal perspective that prioritises private market initiative. The paper concludes by exploring the potential for change in the aftermath of the syndemic crisis, and argues for a move away from GDP-centred measurements towards indicators that are fully researched and ready to use.
Subjects: 
critical deceleration theory
nature
GDP
beyond-GDP indicators
JEL: 
I31
O10
D00
Document Type: 
Working Paper
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