GUIDE TO THE READING FOR LECTURE 5

Those highlighted yellow are uploaded to your student material site. Those highlighted green are
available online.


These are the main texts I referenced in the lecture.

Smith, R. (2010). Beyond growth or beyond capitalism? real-world economics review, issue no. 53

(NB you can find a blog from Daly in response here: http://steadystate.org/cold-war-left-overs/)

Lawn, P., 2011. Is steady-state capitalism viable? A review of the issues and an answer  in the
affirmative. In: Costanza, R., et al. (Ed.), Ecological Economics Reviews, 1219.  Annals of the New
York Academy of Sciences, New York, pp. 1–25.

Blauwhof, F. (2012), Overcoming accumulation: Is a capitalist steady-state economy possible?
Ecological Economics, Volume 84, December 2012, Pages 254–261

Gordon, M., and Rosenthal, J. (2003). Capitalism’s Growth Imperative. Cambridge Journal of
Economics. 27: 25-48


For a detailed comparison of Participatory Economics and Market Socialism see

Hahnel, R, and Wright, E. (2014). Alternatives to Capitalism: Proposals for a Democratic Economy.
New Left Project. E-book.
http://www.newleftproject.org/index.php/site/article_comments/alternatives_to_capitalism_proposals_
for_a_democratic_economy

This book is free to download for kindles but  I’ve uploaded a PDF draft of this book to the
website in case you don’t have a kindle!)

(NB On pp 64-65 Erik Olin Wright offers one possible way of distinguishing a ‘capitalist’ system
from a ‘socialist’ or ‘statist.)


Other texts that may be useful:

Foster, JB. (2011). Capitalism and degrowth: An impossibility theorem. Monthly Review, January
2011, Volume 62, Number 8. Available
here:http://monthlyreview.org/2011/01/01/capitalism-and-degrowth-an-impossibility-theorem/

Boillat, S., Gerber, J-F., Funes-Monzote, F. R. (2012). What economic democracy for degrowth? Some
comments on the contribution of socialist models and Cuban agroecology. Futures. Volume 44, Issue
6, Pages 600–607.

            NB pp601-2 of this article very briefly introduces a few different‘socialist’ models
that might be more compatible with degrowth than capitalism. You can follow the references for more
details.

Johanisova, N. and Wolf, S. (2012). Economic democracy: A path for the future? Futures 44 (2012)
562–570


Some high profile books which explicitly or implicitly make a judgment about the compatability of
sustainability and capitalism.

You may not have time to read the whole books, so I’ve provided some links to summaries/extracts
below:

Naomi Klein (2014). This Changes Everything.

See extract in The Guardian:
http://www.theguardian.com/environment/2015/mar/08/how-will-everything-change-under-climate-change


Jonathan Porritt (2005). Capitalism as if the world matters

And here is an article where he summarises his position:
https://www.opendemocracy.net/globalization-climate_change_debate/capitalism_3074.jsp


Paul Hawken, Amory Lovins, and L. Hunter Lovins (1999). Natural Capitalism: Creating the Next
Industrial Revolution

"A Roadmap for Natural Capitalism" (Downloadable PDF-745k) readable summary of the book's basic
business case: http://www.natcap.org/images/other/HBR-RMINatCap.pdf