The Steady-State Economy

A steady-state economy is an economic system where total resource use and waste production remain stable over time, balancing growth with ecological sustainability. Instead of pursuing endless growth, it focuses on maintaining a healthy environment and quality of life by managing resource consumption, population, and technological impacts. This approach aims to meet current needs without compromising the ability of future generations to meet theirs, emphasizing stability and sustainability rather than continuous expansion. It recognizes that infinite growth may be impossible on a finite planet and promotes a balanced relationship between economic activity and ecological health.